One should store his business or job earnings in some good option of savings so that capital can keep growing over time in the midst of increasing levels of inflation. In addition to deposits in banks, savings funds, mutual funds, LIC policies, stock markets, etc. are prominent. By the way, wherever you invest, you must keep in mind that you must give the information of your investment to your family members and keep the name of your nominee in every investment so that God forbid and if something happens to you untimely, then your hard earned money is your savings. Do not rot lying in the accounts just because your heirs do not know about it.
According to the data, the highest unclaimed amount of about Rs 26,497 crore is deposited in the Provident Fund. At the same time, Rs 18,381 crore in various bank accounts, Rs 17,880 crore in non-active mutual funds, Rs 15,167 crore in LIC policies, Rs 4,820 crore in ripe fixed deposits, Rs 4,100 crore lying in unclaimed dividend. Huh. These financial figures show how careless people are or think they have plenty of time to live right now and sit there thinking they will share their investment information with those they meet later. But unfortunately their breath stops or due to any other reason there is no one to claim their savings and they are left lying in financial institutions.