Unclaimed Money & Inoperative Accounts Search
India Post Payments Bank (IPPB) is a government-operated banking service. It is the oldest and largest banking system in the country, operated by the Ministry of Finance, Government of India.
India Post Payments Bank – IPPB
To access your account online: https://ebanking.indiapost.gov.in/
As of 2016, money in the following India Post inoperative accounts gets transferred to the Senior Citizens’ Welfare Fund: Post Office Savings Accounts, Recurring Deposit Accounts, Time Deposit Accounts, Monthly Income scheme, Senior Citizens’ Savings Scheme Accounts, Kisan Vikas Patra, National Savings Certificates, Sukanya Samriddhi Accounts and discontinued Small Savings Schemes.
Senior Citizen Fund rules define “inoperative account” as an account not operated upon for a period of three years if operable on regular basis, or if there is a date of maturity, from date of maturity.
Before the money is transferred, holders are required to attempt will contact with account holders by written notice, e-mail and telephone, twice within 60 days starting September 30th each year. Further unclaimed money lists are posted on the holder’s website for at least a period of 60 days.
Unclaimed small savings accounts identified as per Senior Citizen Welfare Fund Rules 2016:
- Savings Bank Unclaimed Accounts
- Public Provident Fund Unclaimed Funds
- Savings Bank Account Discontinued Accounts
- Term Deposit Account Discontinued Accounts
- National Savings Certificates Unclaimed Balances
- Kisan Vikas Patra Dormant Accounts
- Monthly Income Scheme Missing Money
- Recurring Deposits Unclaimed
- Term Deposits Missing
- Senior Citizens Savings Scheme Unclaimed Monies