Unclaimed Deposits & DEAF

Information regarding Inoperative Accounts and the Depositor Education and Awareness Fund.

Looking for an old account?

If you or a family member have an account that hasn't been operated in over 10 years, you can search our directory.

Click here to search for unclaimed deposit / inoperative account

What are Unclaimed Deposits?

As per the guidelines of the Reserve Bank of India (RBI), balances in savings or current accounts which are not operated for 10 years, or term deposits not claimed within 10 years from the date of maturity, are classified as "Unclaimed Deposits".

These amounts are transferred by banks to the Depositor Education and Awareness Fund (DEAF) maintained by the RBI. However, depositors or their legal heirs are still entitled to claim these funds from the bank at any time.

How to Claim Your Unclaimed Deposits

Claiming your inoperative account or unclaimed deposit is a straightforward process. Follow these steps:

1

Search the Directory

Use our online search tool (linked above) to verify if your name or your relative's name appears in our Unclaimed Deposits database.

2

Gather Documents

Collect the necessary identification, address proof, and any old banking documents you may have (like passbooks or fixed deposit receipts).

3

Visit Your Branch

Visit your home branch, submit the claim form along with your KYC documents, and the branch will process the reactivation or payout.

Required Documents for Claiming

Please bring the following original documents along with one set of self-attested photocopies to your branch:

  • Claim Form: Duly filled and signed Unclaimed Deposit Claim Form (available at the branch).
  • Identity Proof: PAN Card, Aadhaar Card, Voter ID, Passport, or Driving License.
  • Address Proof: Aadhaar Card, Utility Bill, or any valid OVD (Officially Valid Document).
  • Banking Evidence: Old Passbook, Cheque Book, or Term Deposit Receipt (if available).
  • Recent Photographs: Two recent passport-size photographs of the account holder/claimant.

Note: If claiming on behalf of a deceased account holder, Legal Heir Certificate, Death Certificate, and Succession Certificate may be required.

Frequently Asked Questions

Can I claim the money after 10 years?
Yes. Even though the funds are transferred to the RBI's DEAF account after 10 years, you or your legal heirs can claim the money at any time by visiting the branch where the account was maintained and submitting the required KYC documents.
Will I receive interest on the unclaimed amount?
Yes. The bank will pay the principal amount along with interest for the period it remained unclaimed, at rates specified by the Reserve Bank of India from time to time.
What if the account holder has passed away?
The legal heirs or nominees of the deceased account holder can claim the funds. They must visit the branch and submit a claim form along with the Death Certificate, proof of identity, and applicable legal heir/succession documents.
Is there any fee or charge to claim this money?
No. Meghalaya Rural Bank does not charge any fee for the reactivation of inoperative accounts or for processing claims for unclaimed deposits.