An Empirical study and analysis of Investors Unclaimed Money, Volume, Reasons and Corrective Measures.

Abstract

Imagine some body shares with you the information that Rs. 1, 00,000 Cr is seating Idle in various bank Accounts, DMAT Accounts, Insurance Accounts and nobody is coming to ask for that money (that too pure white money). What will be your response? This research focusses on such kind of Unclaimed Money lying Idle in various financial institutions. Researcher has conducted in-depth study to identify reasons for unclaimed money, volume and growth of unclaimed deposits. The research aims to find out the corrective as well as preventive measures to avoid such kind unclaimed financial savings / deposits / dividend in future.