Datanomics: Unclaimed bank deposits more than double in five years

Only 3% of India's ₹67,000-crore unclaimed bank deposits have been returned so far under the Centre's 'Your Money, Your Right' campaign, highlighting the scale of idle savings

On December 10, Prime Minister Narendra Modi said that nearly ₹2,000 crore had been returned to rightful owners under the Centre’s ‘Your Money, Your Right’ initiative. This is three per cent of unclaimed bank deposits as on June 30, 2025. India’s unclaimed bank deposits have more than doubled to ₹67,004 crore as on June 30, 2025, from ₹27,824 crore at the end of  FY21. Finance Minister Nirmala Sitharaman had launched the three-month campaign, starting October, to facilitate the recovery of unclaimed bank deposits.

 

Public-sector banks dominate

 

Public-sector banks consistently account for over four-fifths of all unclaimed bank deposits, with their share rising to 87.06 per cent in FY26*. 

  SBI tops the list

 

SBI tops the list of public-sector banks with unclaimed deposits of ₹19,330 crore, accounting for 33.14 per cent of the total. 

Note: Data as on June 30, 2025, breakup won't add up to total as only five top banks are considered  Source: A written reply in Parliament, BS calculations

 

 

ICICI, HDFC lead among pvt banks

 

ICICI Bank leads private- sector banks with unclaimed deposits of ₹2,063 crore, accounting for 23.79 per cent of the total. 

Note: Data as on 30.6.2025, break-up won't add up to total as only five top banks are considered  Source: A written reply in Parliament, BS calculations