SBI Unclaimed Deposits

Have you ever deposited money into a State Bank of India (SBI) account and then forgotten about it? It happens more often than you might think! Unclaimed deposits are a common occurrence, and the good news is, you can claim them back if they belong to you. This comprehensive guide will answer all your questions about SBI unclaimed deposits, including how to check if you have any and the process for claiming them.

What are SBI Unclaimed Deposits?

SBI unclaimed deposits are funds that have remained inactive in an account for a period of ten years or more. This includes any type of deposit, such as savings accounts, fixed deposits, or recurring deposits. When an account becomes inactive for this extended period, SBI is required to report it to the Reserve Bank of India (RBI).

Where Do Unclaimed Deposits Go?

After three months of being reported to the RBI, unclaimed deposits are transferred to the Depositor Education and Awareness Fund (DEAF). This fund is used to educate the public about financial matters and promote banking awareness.

How to Check for SBI Unclaimed Deposits

There are two primary ways to check if you have any unclaimed deposits with SBI:

  • Online Check: SBI offers an online tool to help you check for unclaimed deposits. Visit the SBI website and navigate to the “Customer Care” section. Under “Inoperative Accounts (More Than 10 Years),” you’ll find a form where you can enter your name, address, and captcha code. After submitting this information, the system will check for any unclaimed deposits associated with your details.
  • Branch Visit: You can also visit your nearest SBI branch and inquire about unclaimed deposits. The bank officials can access the necessary records and check if you have any forgotten funds.

How to Claim SBI Unclaimed Deposits

If you discover unclaimed deposits in your name, claiming them is a relatively straightforward process. Here’s what you need to do:

  1. Gather Required Documents: You’ll need to provide KYC (Know Your Customer) documents to verify your identity. This typically includes a copy of your PAN card, address proof, and photo identification. Depending on the type of account and the claim amount, additional documents might be required.
  2. Visit Your SBI Branch: Head to your nearest SBI branch with the necessary documents.
  3. Claim Form Submission: Obtain and complete the SBI Unclaimed Deposits Claim Form. The bank officials will guide you through the process.
  4. Verification and Processing: The bank will verify your claim and process it accordingly. This might take some time depending on the complexity of the case.

Additional Tips:

  • Time is of the Essence: There’s no strict deadline for claiming unclaimed deposits. However, it’s best to initiate the process as soon as possible to avoid any complications.
  • Deceased Account Holder: If you’re claiming unclaimed deposits from a deceased account holder, you’ll need to submit additional documents, such as a death certificate and succession certificate (if applicable). Consult with a legal professional for guidance in such cases.
  • Multiple Claimants: In situations where multiple people have a claim on the unclaimed deposit, the bank will determine the rightful owner based on relevant documents and legal standing.

Unclaimed Deposits /Inoperative Accounts: Claim Form

Date:                                                                    From…………………….

The Branch Manager

State Bank of India,


Dear Sir/ Madam,

I/We the undersigned Mr./Mrs./Ms/_________________________________

the capacity of



               Legal Heir

               Others (please specify)

request for settlement of claim, for Deposits account(s) held with your Bank in the name(s) of Mr./Mrs./Ms/Others_____________________________

Name Account No. and Other details:

(with documentary proof)

Name of Claimant(s)                       :

Communication Address with PIN Code:

DOB    PAN No.    Passport No.  Tel/Mob.No.

I/We understand that claim will be settled post due diligence and authentication of documents and in subject to bank’s process & policy. I/We undertake to submit the document as may be necessary for the Bank to process the claims and agree to execute the required documents to settle the claim.


Name       :____________


Customer Acknowledgment slip (to be filled in by Bank official)


Received a request from Mr./Mrs./Ms.__________________________________for

claiming Unclaimed Deposits/Inoperative Accounts.

State Bank of India                                        Signature of Bank Official with seal

Visit: –


By following the steps outlined above, you can easily check for and claim any unclaimed deposits you might have with SBI. Remember, every penny counts, so don’t miss out on reclaiming what’s rightfully yours.

For further information or assistance, you can contact your nearest SBI branch or visit the SBI website.

By Hamida

Meet Hamida, a dynamic writer with a passion for unraveling the complexities of finance across the globe. Armed with a keen intellect and a love for exploring economic landscapes, Hamida delves into the intricate world of finance, deciphering its intricacies and translating them into accessible insights for her readers.