Unclaimed Funds Soar to Rs 60,518 Cr in RBI's DEA Fund: MoS Finance

• Public sector banks transferred Rs 60,518 crore in unclaimed amounts to RBI's Depositor Education and Awareness (DEA) Fund by January 2026.
• Unclaimed insurance amounts reached Rs 8,973.89 crore by February-end, and mutual funds held Rs 3,749.34 crore in unclaimed funds.
• Financial regulators are implementing measures to identify rightful claimants and simplify the claim process for these assets.
• Sovereign Green Bonds (SGrBs) show strong investor interest with a bid-cover ratio above 2 since FY 2022-23, reaching 2.32 in FY 2025-26.
• SGrBs offered a 'greenium' of 7 basis points in the latest auction, indicating their attractiveness to investors, but no tax incentives are planned.