Unclaimed Financial Assets: How to check and claim your forgotten money from banks, mutual funds, insurance and NPS
New Delhi, June 4 -- Do you know that crores of rupees are lying forgotten in India's financial system? Right now, the country has Rs.78,000 crore in unclaimed bank deposits, Rs.14,000 crore in unclaimed insurance funds, and Rs.3,000 crore in unclaimed mutual fund investments.
Some of this money could belong to you, your parents, or your grandparents and has been lying unclaimed in bank accounts, mutual funds, or insurance policies for years, and you might not even be aware of it.
So, let's find out the different types of unclaimed assets, how you can check this amount, and the steps to claim them.
There are five types of unclaimed financial assets you need to check.
This includes all types of bank deposits except those on hold due to...
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