Unclaimed Money Lying in Financial Institutions
Have you ever wondered whether unclaimed money lying in financial institutions could actually belong to you or someone in your family? Surprisingly, thousands of crores of rupees remain unclaimed across banks, insurance companies, mutual funds, provident funds, and other financial institutions in India. Many people are unaware that forgotten savings accounts, matured insurance policies, unclaimed […]
Ever Heard of Unclaimed Money in Financial Institutions😧
Unclaimed money typically refers to funds in bank accounts, Shares in company, Mutual Funds units or Insurance policies or any other financial instrument that have remained inactive or untouched for a long period of time, usually 10 years or more. The Reasons for Unclaimed Money in Financial Institutions~ 1️⃣ Deceased Account Holder: When a person […]