Canara Bank Unclaimed Deposits: List, How to Check & Claim Canara Bank Unclaimed Deposits?

If you have not used a bank account for ten years, the money in that account is termed as unclaimed. However, the Reserve Bank of India (RBI) facilitates for claiming unclaimed money from the banks. This article provides how to claim Canara Bank's unclaimed deposits, how to check unclaimed deposits and more.

What are Canara Bank's Unclaimed Deposits?

Canara Bank unclaimed deposits are the balances in current/savings accounts not operated for 10 years, or the funds in term deposit accounts not claimed within 10 years from maturity date. Customers can claim their unclaimed deposits or start using their accounts again in their own banks to get the deposit money back. 

What is the Total Unclaimed Amount In Canara Bank?

As of April 2023, the total unclaimed deposit of Canara Bank was observed to be worth Rs. 4,558 crore.

What Happens To Canara Bank Unclaimed Deposits?

As per the rules of the Reserve Bank of India, Canara Bank transfers its unclaimed deposits to the RBI's Depositor Education and Awareness (DEA) Fund. At a later date, depositors can still claim the unclaimed deposits of Canara Bank along with the interest generated in that deposit.

Canara Bank Unclaimed Deposits List

You can check the Canara Bank unclaimed deposits list on the RBI’s UDGAM (Unclaimed Deposits Gateway to Access Information) portal. He/she will have to register, log in, and search for unclaimed deposit details by entering basic information (of the account owner) like ID proof (Aadhaar, PAN), address proof, name, date of birth, etc.

How To Check Canara Bank's Unclaimed Deposits List?

You can check the Canara Bank’s unclaimed deposits through the Canara Bank’s Unclaimed Deposits page. You need to enter your name and place and click on ‘Search’. If you have any unclaimed deposits, it will be displayed on the screen. 

How To Claim Canara Bank Unclaimed Deposits?

Follow the steps below to claim your Canara Bank unclaimed deposits:

Step 1: Visit the Canara Bank branch where you want to make the claim.

Step 2: Enter relevant details in the claim form.

Step 3: Submit KYC documents and the filled claim form. If you are the legal heir, you will also have to submit a death certificate of the original account holder.

Canara Bank will settle your claim after processing your application.

Documents Required To Claim Canara Bank Unclaimed Deposits

You will have to submit the following documents for claiming Canara Bank unclaimed deposits:

• Passbook or term deposit receipt
• ID proof such as a PAN card, Aadhaar card, passport, or driving licence
• Address proof such as an Aadhaar card, electricity bill, water bill, or house tax.

You can get all the information about Canara Bank's unclaimed deposits from the official Canara Bank website. To make a claim, you will have to fill out a claim form and submit it along with all relevant documents at a Canara Bank branch.