About ₹1,50,000 crore is lying as unclaimed deposits/amounts with various Indian banks and insurance companies as of December 2020. This is a significant increase from about ₹1,30,000 crore two years ago. A deposit is classified as 'unclaimed' if the customer doesn't make any transaction using that account for at least 10 years.read full article
ET Wealth estimates that more than Rs 82,000 crore of investor wealth is lying unclaimed in forgotten and lost investments. There are unclaimed deposits languishing in dormant bank accounts, maturity proceeds of policies idling in insurance companies and even the life savings of individuals locked up in inactive provident fund accounts.read full article
If you’re regularly scrounging for loose change in your couch cushions, there’s a better way to get free money. One in 10 Americans has unclaimed property that they don’t even know exists. There are billions of dollars being held by state governments and treasuries across the United States — and you could be missing out on your fair share of it.read full article
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LiveTrack protocol for regular check-ins and to detect unforeseen tragic events – ensure that the beneficiaries get the assigned information for event-based data sharing.
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Provide basic information that will allow beneficiaries to locate the assets
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It is a multi-step and secure process that utilizes emails, SMS and direct calls at pre-defined intervals
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