punjab national bank has initiated a campaign called 100 days 100 pays from june 1 2023 to september 8 2023 to track and settle unclaimed deposits in each district of the country according to the websitein april the reserve bank of india rbi announced the creation of a new centralised web portal for searching for unclaimed deposits older than ten years as now bank customers must visit through the websites of various institutions to claim their depositswhen is an account considered as inoperative accountan account will be classified as inoperative accounts 10 years and above unclaimed deposits if the same is not operated other than interest credits and service charge debit for 10 years and more from the date of last operation the customer survivor legal heir authorized signatories as the case may be can lodge a claim for the unclaimed deposit and activate the account the claim process is as follows according to the pnb websiteyou might also likerbi to develop online portal for unclaimed deposits of all banksclaim by selfcustomers can visit the banks branch with the request letter annexurei and provide valid proof of identity address and the most recent photograph following verification by the same branch the account will be converted to the operational category and transactions will be permittedclaim by legal heir nomineefor the claim process the legal heir nominee can visit the banks branch and submit the relevant documents as well as comply with the banks claim settlement processclaim by nonindividual to make a claim on a nonindividual account the client must submit a claim form on the companysfirmsinstitutions letterhead fully signed by the authorised signatories together with appropriate identity and address documents the consumer may also be required to submit any additional documentation needed by the bankthe rising amount of unclaimed deposits is mostly due to the failure to close savings and current accounts that depositors no longer intend to use as well as the failure to file redemption claims with banks for matured fixed deposits there have also been reports of accounts belonging to deceased depositors where the nomineeslegal heirs have failed to lodge a claim against the bankbanks already host a list of unclaimed deposits on their website with certain identifiable details to assist such depositors or nominees legal heirs of deceased depositors in identifying and claiming the depositshere is how pnb customers can check unclaimed depositvisit enter name as per the record enter the code and click on go your information will be displayed