Key Points
Banks are obligated by regulation to transfer credit balances in such accounts to the Depositors Education and Awareness Fund (DEAF)...
During the 7th Meeting of the Financial Stability and Development Council (FSDC), Finance Minister Nirmala Sitharaman asked regulators to conduct a special drive to facilitate the settlement of unclaimed deposits and claims in the financial sector across all segments, such as banking deposits, shares and dividends, mutual funds, insurance, and so on...
Valid Passport with address;Voters ID card issued by Election Commission of India;Valid Driving license with address;Job card issued by NREGA duly signed by an officer of the State Government;Letter issued by the National Population Register containing details of name, address or any other document as notified by the Central Government in consultation with the Regulator;Aadhaar Card / e-Aadhaar*..
According to the Citibank website, By submitting a copy of your Proof of Possession of Aadhaar Number, containing Aadhaar number, you confirm and agree that the Bank has duly explained to you that submission of Proof of Possession of Aadhaar number is no longer mandatory and you have the option to submit any one of the above documents..
If you provide such a document Proof of Possession of Aadhaar number containing your Aadhaar number, please note that you are providing the same as an officially valid document voluntarily in accordance with extant rules and regulations; you are required to redact/blacken out the first eight digits of Aadhaar number such that only last four digits of the Aadhaar number are visible and in case you do not redact/blacken out the Aadhaar number, it shall be deemed that you have authorized Citibank to redact/blacken out the same on your behalf..
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