In terms of provisions contained in section 31 of BCO, 1962 all accounts payable by banks/DFIs not operated upon for 10 years or more (excluding in the name of minor or Government) are reckoned unclaimed deposits such deposits are required to be reported in Form XI at the end of year under Rule 17 of Banking Companies Rules 1963. The amount so reported is surrendered to the State Bank. In case the amount is lying with State Bank, same may be claimed by Banks / DFIs when they receive a request from the claimant by submitting following documents:-

CLAIMS FOR LESS THAN RS.50,000/-

1. Original application
2. Certificate as enclosed with letter No. BPD (PU-08)/317 (Policy) / 15942 / 2003 dated 18th December, 2003. (To be signed by the concerned branch manager and the designated official at head office) – specimen is attached.
3. Copy of relevant page of record furnished to SBP

CLAIMS FOR RS.50,000/- AND MORE

1. Original Application of the customer/claimant
2. Certificate as enclosed with letter No. BPD (PU-08)/317 (Policy) / 15942 / 2003 dated 18th December, 2003. (To be signed by the concerned branch manager and the designated official at head office) – specimen is attached
3. Present Address of the customer/claimant
4. Signature/ thumb impression of the customer/claimant duly verified by the concerned branch manager with name and stamp
5. Copy of NIC of customer/claimant
6. Copy of relevant page of record furnished to SBP
7. Copy of Account Opening Form
8. Copy of Specimen Signature Form
9. Copy of heirship in case of deceased customer
10. All photo copies of document must be legible and attested by the concerned branch manager clearly showing his name & designation.

CERTIFICATE FOR REFUND OF UNCLAIMED ACCOUNT (PDF size 4.47 KB)