Banks have ₹1.84L cr unclaimed assets

"THE GOVERNMENT IS the custodian for it. It can be through the bank or through SEBI. It can be through any other agency. But it is lying there in safe custody,’ she added.

- 

If the asset remains unclaimed for a long time due to any reason, it gets transferred from one entity to another, the minister said. From banks, it goes to the RBI in case of deposits, and in case of stocks or similar assets, it goes from SEBI to "another centre or the IEPF', she said."The RBI has created the UDGAM (Unclaimed Deposits Gateway To Access Information) portal. So, it is moving from one unclaimed area to another, which is holding this unclaimed deposit. The moment you claim it, you get it. So, honestly think it is high time