IT WAS reported that as of November last year, the unclaimed money of Malaysians being held in trust by the Registrar of Unclaimed Moneys in the Account General’s Department is a staggering RM5.6bil. The unclaimed amounts are derived mainly from inactive bank accounts, unclaimed fixed deposits that have expired, insurance payouts, interests etc.
The amounts can be claimed at any time by submitting a form to the Registrar of Unclaimed Moneys but no interest is payable on the refund.
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