Govt sets up panel on unclaimed PPF, small savings deposits
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The government has set-up a Committee to examine the un-claimed amount in PPF, Post Office and Savings Schemes. The committee will examine and recommend how this amount can be used to protect and further financial interest of the senior citizens.
The seven member committee is being headed by the Deputy Governor H R Khan of Reserve Bank of India and will submit its reports by 31st December this year. The Committee has been set up in pursuance of the announcement made by the Minister in his Budget speech. The committee will also suggest whether the unclaimed deposit should come to government or be kept in a separate account.
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