Question : UNCLAIMED DEPOSITS IN BANKS

(a) the total amount of money deposited in various accounts of nationalised banks for which there are no claimants as on December 31, 2002 ;

(b) the total amount of the nationalised and other commercial banks lying in dead account with the Reserve Bank of India till March, 2004;

(c) whether the money lying in dead saving accounts is paid to its real heirs ;

(d) if so, the details thereof and if not, the reasons therefor;

(e) the utilisation of the amount lying in dead accounts for the last twenty years ; and

(f) if so, the details thereof ?

THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI S.S.PALANIMANICKAM)

(a) :- The Reserve Bank of India (RBI) has reported that the total amount of money deposited in various accounts of nationalized banks for which there are no claimants as on 31.12.2002 is Rs. 425.24 crore.

(b) :- RBI has reported that the total amount of unclaimed accounts lying with the nationalized banks and other scheduled commercial banks as on 31.12.2003 is as under :

Bank Group	Amount in crore (Rs.)
SBI Group of Banks	145.67	Nationalised Banks	504.21	Private Sector Banks	50.31	Foreign Banks	42.01
Total	742.20