CURRENT AFFAIRS

2023

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which bank has decided to start a portal to assist in tracing unclaimed deposits?

A	RBI
B	SBI
C	HDFC
D	ICICI

Explanation:

Detailed explanation-1: -RBI to develop centralised web portal for search of unclaimed deposits. As part of its drive to solve the problem of unclaimed deposits, the Reserve Bank of India (RBI) has decided to start a web portal which will be operational in three to four months to aid beneficiaries to get back unclaimed money.

Detailed explanation-2: -Notably, these amounts are transferred by banks to the Depositor Education and Awareness” (DEA) Fund maintained by the Reserve Bank of India.

There is 1 question to complete.