No claimants for Swiss accounts lying dormant

New Delhi/Zurich, Nov 10

No claimants have come forward for about a dozen dormant Swiss bank accounts linked to Indians, leaving the funds lying in these accounts at the risk of getting transferred to the Switzerland government.

The Swiss government began making details of dormant accounts public in 2015 to allow their claimants to submit necessary proof to get access to those funds, which included at least 10 accounts linked to Indians.

These included some accounts linked to Indian residents and nationals from the British rule era, but ironically not a single dormant account linked to an Indian has been successfully claimed in the last six years, as per the records available with the Swiss authorities.

The claim period for some of these accounts would expire next month, while a few others can still be claimed till the end of 2020.

Incidentally, some of the accounts linked to Pakistan residents have been claimed since then, as is the case with several other accounts linked to residents from other countries, including Switzerland itself.

The list included close to 2,600 dormant accounts when it was first made public in December 2015. — PTI