Man finds grandfather's 20-year-old SBI passbook at home, shares pic with a query
A man found his late grandfather's old SBI passbook during a cleaning session at his house. He then turned to social media to ask if the dormant funds in the account could still be claimed.
A man stumbled upon an old SBI passbook while cleaning his house, only to discover it belonged to his late grandfather and could still contain over Rs 1 lakh.
The story was shared by X user Pooja, who posted screenshots explaining how a family's routine cleaning session turned into an unexpected financial discovery.
She wrote that the man came across a worn-out State Bank of India (SBI) passbook that appeared to be around 20 to 24 years old. When he showed it to his father, he was told it belonged to his late grandfather. The family had long believed the passbook had been lost.
The biggest surprise, was that the account was believed to hold more than Rs 1 lakh. The passbook also featured a four-digit account number, showing just how old the account was. Images shared alongside the post showed the weathered passbook, with transaction entries dating back to 2003.
The post then raised a question that caught the attention of many online: Can money still be claimed from an SBI account that has remained untouched for over two decades? And if the account holder has passed away, are legal heirs still entitled to recover the funds?
Take a look at the post here:
The query led to a discussion, with several users explaining that the money was not automatically lost simply because an account had remained dormant for years.
Some pointed out that the first step would be to check the account on the RBI's UDGAM portal. UDGAM (Unclaimed Deposits Gateway to Access Information) is an online portal launched by the Reserve Bank of India that allows people to search for unclaimed deposits across participating banks using basic account details.
Others advised the family to visit the concerned SBI branch with the original passbook, the account holder's death certificate, and documents establishing legal heirship or succession.
They explained that even if the account had become dormant or the balance had been transferred to the RBI's Depositor Education and Awareness (DEAF) Fund, a fund where banks transfer balances from accounts that remain inoperative for ten years or more, the legal owner or eligible heirs can still claim the money by following the prescribed process.
Several commenters encouraged the family not to assume the funds were gone, saying it was worth checking with the bank since old accounts can often still be traced and settled after the necessary verification.
A man stumbled upon an old SBI passbook while cleaning his house, only to discover it belonged to his late grandfather and could still contain over Rs 1 lakh.
The story was shared by X user Pooja, who posted screenshots explaining how a family's routine cleaning session turned into an unexpected financial discovery.
She wrote that the man came across a worn-out State Bank of India (SBI) passbook that appeared to be around 20 to 24 years old. When he showed it to his father, he was told it belonged to his late grandfather. The family had long believed the passbook had been lost.
The biggest surprise, was that the account was believed to hold more than Rs 1 lakh. The passbook also featured a four-digit account number, showing just how old the account was. Images shared alongside the post showed the weathered passbook, with transaction entries dating back to 2003.
The post then raised a question that caught the attention of many online: Can money still be claimed from an SBI account that has remained untouched for over two decades? And if the account holder has passed away, are legal heirs still entitled to recover the funds?
Take a look at the post here:
The query led to a discussion, with several users explaining that the money was not automatically lost simply because an account had remained dormant for years.
Some pointed out that the first step would be to check the account on the RBI's UDGAM portal. UDGAM (Unclaimed Deposits Gateway to Access Information) is an online portal launched by the Reserve Bank of India that allows people to search for unclaimed deposits across participating banks using basic account details.
Others advised the family to visit the concerned SBI branch with the original passbook, the account holder's death certificate, and documents establishing legal heirship or succession.
They explained that even if the account had become dormant or the balance had been transferred to the RBI's Depositor Education and Awareness (DEAF) Fund, a fund where banks transfer balances from accounts that remain inoperative for ten years or more, the legal owner or eligible heirs can still claim the money by following the prescribed process.
Several commenters encouraged the family not to assume the funds were gone, saying it was worth checking with the bank since old accounts can often still be traced and settled after the necessary verification.
A man stumbled upon an old SBI passbook while cleaning his house, only to discover it belonged to his late grandfather and could still contain over Rs 1 lakh.
The story was shared by X user Pooja, who posted screenshots explaining how a family's routine cleaning session turned into an unexpected financial discovery.
She wrote that the man came across a worn-out State Bank of India (SBI) passbook that appeared to be around 20 to 24 years old. When he showed it to his father, he was told it belonged to his late grandfather. The family had long believed the passbook had been lost.
The biggest surprise, was that the account was believed to hold more than Rs 1 lakh. The passbook also featured a four-digit account number, showing just how old the account was. Images shared alongside the post showed the weathered passbook, with transaction entries dating back to 2003.
The post then raised a question that caught the attention of many online: Can money still be claimed from an SBI account that has remained untouched for over two decades? And if the account holder has passed away, are legal heirs still entitled to recover the funds?
Take a look at the post here:
The query led to a discussion, with several users explaining that the money was not automatically lost simply because an account had remained dormant for years.
Some pointed out that the first step would be to check the account on the RBI's UDGAM portal. UDGAM (Unclaimed Deposits Gateway to Access Information) is an online portal launched by the Reserve Bank of India that allows people to search for unclaimed deposits across participating banks using basic account details.
Others advised the family to visit the concerned SBI branch with the original passbook, the account holder's death certificate, and documents establishing legal heirship or succession.
They explained that even if the account had become dormant or the balance had been transferred to the RBI's Depositor Education and Awareness (DEAF) Fund, a fund where banks transfer balances from accounts that remain inoperative for ten years or more, the legal owner or eligible heirs can still claim the money by following the prescribed process.
Several commenters encouraged the family not to assume the funds were gone, saying it was worth checking with the bank since old accounts can often still be traced and settled after the necessary verification.
