Money saved in post office

[User_111b56d0]

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User_111b56d0
PARTICIPANT
February 25, 2025 at 11:08 am

If someone let’s say X has deposited (saved) money in the post office. After his/she demise, if the saved money isn’t claimed by the legal heirs, within how much period of time the money goes to the government?
I would be thankful if anyone could clarify the above question.

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[User_5fd692d4]

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User_5fd692d4
PARTICIPANT
February 25, 2025 at 12:42 pm

NAL unclaimed deposits go to RBI’s DEA(depositor education account) after it they remain unclaimed for 10 years.

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[User_111b56d0]

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User_111b56d0
OP
February 25, 2025 at 3:19 pm

That means the duration is 10 years? The heir has to claim it within 10 years?

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[User_5fd692d4]

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User_5fd692d4
PARTICIPANT
February 25, 2025 at 3:39 pm

No there is no definite time limit on claiming the deposit, 10 years is the time period after which the money moves out of the bank and into RBI’s care, heirs can claim it even after 10+ years by visiting the bank in which the account was.

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[User_111b56d0]

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User_111b56d0
OP
February 25, 2025 at 3:43 pm

Thank you so much for replying

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[User_5fd692d4]

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User_5fd692d4
PARTICIPANT
February 25, 2025 at 3:54 pm

Welcome.

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