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

Unclaimed deposits, also known as inactive accounts, are savings or current accounts without customer activity for ten years or longer. This also includes fixed deposits not claimed even after their maturity date for ten years or more.

This comprehensive article provides ways to check, reactivate and claim HDFC unclaimed deposits. Read on to learn more about forms to submit, documents required and other details regarding the same.

What are HDFC Unclaimed Deposits?

Unclaimed deposits are balances in term deposit accounts not claimed within 10 years from maturity date or balances in current/savings accounts not operated for 10 years.

What Happens to HDFC Unclaimed Deposits?

If savings accounts are left inactive (no deposits or withdrawals made), or if balances in fixed or term deposit accounts are not claimed within seven years from the date of maturity, then as per the provisions under Section 125 (2) of the Companies Act, 2013, those deposits should be transferred to the IEPF (Investor Education and Protection Fund) established by the Central Government. 

Suppose an account holder wants to claim the deposit amount from IEPF after the transfer has happened, he can do so online (as provisioned under Section 125 (3) of the Companies Act, 2013, and Rule 7 of the IEPF Rules) by accessing, filling out and submitting the Application Form IEPF 5. 

Moreover, claimants can file this refund application form easily from the official IEPF website.  If the deposit hasn't been moved to the IEPF yet, you can collect it straight from HDFC (within seven years of maturity).

HDFC Unclaimed Deposits List

An owner (or another claimant, in case a deceased owner) of an inoperative HDFC account can search for an unclaimed deposit list from the official portal of UDGAM (Unclaimed Deposits Gateway to Access Information). 

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 HDFC Unclaimed Deposit?

You can check the HDFC unclaimed deposits through the HDFC Bank’s Unclaimed Deposits Enquiry page. You need to enter your name, select the detail, enter the deposit number/ PAN/ date of birth, captcha code and click on ‘Get Account Info’. If you have any unclaimed deposits, they will be displayed on the screen. 

How to Claim HDFC Unclaimed Deposits?

You can claim a refund of unclaimed deposits in HDFC Bank by following the steps mentioned below:

Step 1: Visit the official IEPF website. 

Step 2: On the home page, scroll down to the 'Services' section and click on 'Forms'.

Step 3: Under the 'Claimants' section, click on 'Web Form IEPF 5'.

Step 4: On the next page, click on the link provided for new user registration. Enter the details and click on ‘Register’. After you register, log in to the MCA portal to access ‘Web Form IEPF 5’.

Step 5: Fill out and submit the IEPF 5 form.

Step 6: The system will acknowledge the successful submission of ‘Web Form IEPF 5’ by generating an SRN (Service Request Number). For easy tracking of the form in future, keep the SRN handy.

Step 7: After uploading the duly filled IEPF 5 Form, take printouts of both the form and the system-generated acknowledgement.

Step 8: Submit the physical copies of the IEPF 5 Form, acknowledgement (containing SRN), and indemnity bond in original, along with other documents (as mentioned in the IEPF 5 form) to an HDFC Nodal Officer in an envelope marked 'Claim for refund from IEPF Authority'.

Step 9: The HDFC bank will verify your submitted claim form. Based on this verification report, the IEPF authority will release the refund in favour of your account through electronic transfer.

Documents Required to Claim HDFC Unclaimed Deposits

You need to submit the following documents to the IEPF office to claim HDFC Bank's unclaimed deposits:

• Aadhaar card 
• Passport, OCI and PIO card in case of foreigners and NRI.
• Client master list of Demat accounts.
• Proof of entitlement (Debentures, fixed deposit receipts, interest warrant or application number/ statement of transaction, etc.).

The following additional documents must be submitted in case of the death of the account holder:

• Notarised copy of death certificate.
• Notarised succession certificate, Probate or Will.
• No Objection Certificate (NOC) from other holders.
• Duly notarized indemnity bond for transmission.
• Affidavit in the form of surety.

HDFC Unclaimed Deposits Claim Form Download

You cannot download the IEPF Form 5 and fill it out. It must filled and submitted online. However, once you submit the form online through the official IEPF website, you must download IEPF Form 5 and send the downloaded form along with the documents to the Nodal Officer of HDFC Bank.

You can claim your HDFC unclaimed deposits online through the IEPF website. The process is online and offline since you will have to fill out the form online, download it and submit it to the HDFC Nodal Officer, along with all other necessary documents, to initiate the refund process.

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