The Reserve Bank of India (RBI) on May 12 announced a ‘100 Days 100 Pays’ campaign for banks to trace and settle the top 100 unclaimed deposits of every bank in every district of the country within 100 days.

• An unclaimed deposit is one which does not see any activity like the infusion of funds, withdrawal, etc. from the depositor for 10 years or more, and is deemed as an inactive deposit.
• Earlier, RBI Governor Shaktikanta Das, who surprised everyone by holding interest rates, on April 6 also announced a centralised web portal for the public to search unclaimed deposits.