Silent Post Office savings bank a/c constitutes over Rs.750 crores

The government today said that around Rs.752 crore is lying as unclaimed deposits in more than 2.49 crore inactive post office savings bank accounts.

''Rs.752,44,57,414.03 is the amount lying in all silent accounts as on March 31,2011 in 2,49,59,446 ,accounts,'' Telecom Minister Kapil Sibal said in a written reply to Lok sabha.

West Bengal led the tally of unclaimed deposits with over Rs. 107 crore lying in 20.16 lakhs accounts,followed by Tamil Nadu(Rs.105.87 crore in 62.72 lakh accounts) and Uttar Pradesh (Rs.68.61 crore in 21.74 accounts).

''The depositor of such account can activate the account at any time by transaction.Notices are issued every year to the account holder of such accounts who are not maintaining minimum balance.Special drives are being launched to re-activate such accounts by issuing notices and giving information through electronic media, ''Sibal said.

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