HT Correspondent
SIVASAGAR, Nov 28: A customer awareness meeting on the settlement of unclaimed bank accounts and long-inoperative LIC policies was organised on Friday at the Boarding Field by the Lead District Manager of Punjab National Bank in association with other nationalised banks and the Sivasagar District Administration.
The programme was held as part of the Reserve Bank of India’s initiative to help customers reclaim assets that have remained unoperational for more than 10 years.
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Lead Bank District Manager Debangshu Pal, who led the discussion, said that customers in Sivasagar district currently have over Rs 26 crore lying unclaimed with the RBI, while LIC policyholders have Rs 1.67 crore pending as of October 1.
He informed that following the launch of the campaign, customers have so far received Rs 1 crore back from banks and about half of the dues from LIC.
At the state level, Pal said the total amount of unclaimed deposits transferred to the RBI now stands at over Rs 662 crore from bank customers, while Rs 257 crore remains unclaimed from LIC policyholders.
Officials said the campaign, which aims to streamline claim procedures and facilitate customer access to their dormant assets, will conclude on December 31.
Rajdeep Borgohain of the RBI and several lead bank managers were present at the programme.
