Jammu, April 3 -- A staggering Rs 25,441 crore belonging largely to senior citizens remains unclaimed in post offices across the country, raising concerns over awareness and financial tracking among depositors and their families.
Official data tabled in the Rajya Sabha reveals that while authorities have managed to refund Rs 2,280 crore to depositors and legal heirs over the past three financial years, a massive amount continues to lie unattended in various postal savings schemes.
Post offices have long been a preferred choice for senior citizens due to higher interest rates compared to banks and other financial institutions. Many elderly individuals invested their lifetime savings in these schemes, often without adequately informing thei...