Investing is one such way from where you can earn great returns and it is everyone's wish to save some money for their upcoming future. In such a situation, nowadays the trend of depositing money in the post office is increasing. Anyway, even today there is a huge population of India, who avoids investing money in crypto, share market, and mutual funds. In such a situation, they look for such investment options, where market risks do not affect their money and returns are also good.

More than 9000 crores money is lying in the post office, know where this money is used

For this, they turn to Post Office Schemes like Public Provident Fund (PPF), National Saving Certificate (NSS), and Senior Citizen Saving Scheme and these are some such schemes. Which are quite popular among fixed-income investors since time immemorial. This is because it is quite safe and the chances of drowning are also very less.

But it should be noted that today we are not going to tell you about investing in these schemes and their benefits, but today we are going to talk about some other issue. Let's understand the whole topic in this way…

More than 9000 crores money is lying in the post office, know where this money is used

Let us tell you that people invest money in the post office like many schemes, but do you know that after a time countless such investors disappear due to some reason. Due to which sometimes these accounts remain unclaimed for years.

More than 9000 crores money is lying in the post office, know where this money is used

At the same time, according to a figure, more than 9000 crore rupees are lying in the post office, which has no claimant and this happens due to many reasons. In which the death of the account holder without making anyone a nominee, forgetting the account of a senior citizen, etc.

Know where the property that is not claimed, goes?

More than 9000 crores money is lying in the post office, know where this money is used

Let us tell you that the money of all such accounts is sent to the Senior Citizens Welfare Fund and this fund was launched by the Government of India in 2016. At the same time, it is known that according to the rules of the Senior Citizens' Welfare Fund, the unclaimed amount is transferred from post office savings accounts, recurring deposit accounts, fixed deposit accounts, monthly income schemes, small savings, and other savings schemes of the central government including senior citizens. Is.

At the same time, let us tell you that according to the Senior Citizen Fund Rules, the information of the people concerned is obtained from the account which is not operational or is inactive and they should be called by telephone at least twice within 60 days from 30th September of every financial year. Information is given by sending a notice or by sending an e-mail.

The information of unclaimed accounts is also shared on the website…

More than 9000 crores money is lying in the post office, know where this money is used

The Institute shall also post the list prepared for the general information of the public on the notice boards of the respective offices and also on the website of the concerned Institute inviting claims for not less than 60 days. At the same time, India Post releases a list of such unclaimed small savings accounts every year on its website.

How to get information about unclaimed accounts…

More than 9000 crores money is lying in the post office, know where this money is used

At the same time, tell that if you want information about unclaimed accounts, then go to the website of India Post and click on 'Banking and Remittance'. Select the Post Office Savings Scheme on this page. Then select Senior Citizen Welfare Fund. You will get a list based on accounts like Savings Bank, PPF, Kisan Vikas Patra, etc and once you click on the account type, you will get the state-wise account details.

How does the welfare fund work?

More than 9000 crores money is lying in the post office, know where this money is used

Lastly, as per the Welfare Fund Rules, the institution (post office) identifies unclaimed funds on an annual basis and deposits it into the fund on or before 1st March every year, and transfers are done by the institutions on a net basis. Is.