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Top 10 public sector banks with highest unclaimed deposits transferred to DEA fund

Top PSBs unclaimed money, Unclaimed public sector bank deposits in India: India’s banking sector has witnessed a significant transformation, shifting from a paper-based, branch-centric model to a highly advanced digital ecosystem.

3 min readUpdated: Dec 8, 2025 10:08 PM IST

RBI has undertaken various public awareness campaigns through print, radio, and digital media to educate the public about the scheme. (Reuters Photo)

Bank of India Unclaimed Deposits: RBI has undertaken various public awareness campaigns through print, radio, and digital media to educate the public about the scheme. (Reuters Photo)

Unclaimed bank deposits, Unclaimed public sector bank deposits in India: India’s banking sector has witnessed a significant transformation, shifting from a paper-based, branch-centric model to a highly advanced digital ecosystem. On October 4, 2025, the government launched the national campaign “Aapki Poonji, Aapka Adhikar — Your Money, Your Right”, aimed at creating awareness about unclaimed financial assets and assists citizens in tracing and claiming their dues.

Unclaimed deposits in public sector banks

In the ongoing session of Parliament, Rajya Sabha MP Phulo Devi Netam sought bank-wise details of the number of unclaimed deposit accounts in Public Sector Banks (PSBs) and the deposited amounts. Responding to this, Pankaj Chaudhary, Minister of State (MoS) for Finance, stated that the Depositor Education and Awareness Fund Scheme (Scheme), 2014, issued by the Reserve Bank of India (RBI), governs the norms related to unclaimed deposits.

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What is unclaimed deposits?

Before moving ahead, it is important to understand what unclaimed deposits are. According to Chaudhary’s written statement on December 2, balances in savings and current accounts that remain inoperative for ten years, as well as term deposits not claimed within ten years from their maturity date, are classified as unclaimed deposits.

He further clarified that such unclaimed amounts are subsequently transferred by banks to the Depositor Education and Awareness (DEA) Fund maintained by the Reserve Bank of India (RBI). The minister further noted that the RBI has undertaken several measures to identify such unclaimed deposits and facilitate their return to the rightful account holders, nominees or legal heirs.

Top 10 PSBs with maximum unclaimed deposits moved to the DEA fund

According to the Union Minister, State Bank of India tops the list with Rs 19,330 crore in unclaimed deposits transferred to the DEA Fund as on June 30, 2025. It is followed by Punjab National Bank with Rs 6,911 crore, Canara Bank with Rs 6,278 crore, Bank of Baroda with Rs 5,277 crore, and Union Bank of India with Rs 5,105 crore. Among the other major contributors are Bank of India (Rs 3,934 crore), Indian Bank (Rs 3,740 crore), Indian Overseas Bank (Rs 2,386 crore), Central Bank of India (Rs 2,092 crore), and UCO Bank (Rs 1,312 crore).

₹58,331 Cr

Total Unclaimed Deposits by 12 PSBs

State Bank of India

₹19,330

crores

Punjab National Bank

₹6,911

crores

Canara Bank

₹6,278

crores

Bank of Baroda

₹5,277

crores

Union Bank of India

₹5,105

crores

Bank of India

₹3,934

crores

Indian Bank

₹3,740

crores

Indian Overseas Bank

₹2,386

crores

Central Bank of India

₹2,092

crores

UCO Bank

₹1,312

crores

Bank of Maharashtra

₹1,135

crores

Punjab and Sind Bank

₹831

crores

Source: Reserve Bank of India (As per written statement in Rajya Sabha by Pankaj Chaudhary, MoS, Finance, GOI)

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Anish Mondal

Anish Mondal is a journalist with over nine years of experience covering the railways and roadways. Currently a member of the Indianexpress.com editorial team, Anish specializes in high-impact sectors. Professional Journey Anish began his career at the public broadcaster Rajya Sabha Television (now Sansad TV), where he developed a foundational understanding of legislative processes and national governance. In 2018, he transitioned to digital financial journalism at FinancialExpress.com, spending nearly six years refining his expertise in market trends and corporate reporting. Before joining The Indian Express in 2025, he served as a key contributor at ETNowNews.com. Education & Expertise Anish’s reporting is backed by a rigorous academic background in communication and the humanities: Master of Journalism and Mass Communication (MJMC) – Apeejay Stya University Post Graduate Diploma in Journalism and Production (PGTVRJP) – Apeejay Institute of Mass Communication Bachelor of Arts (English Honours) – University of Calcutta Areas of Coverage Connectivity: Detailed reporting on the expansion of Indian Railways and National Highway networks. ... Read More

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