New Delhi: There have been no claimants for about a dozen Swiss bank accounts linked to India. These accounts underlie the risk of getting liquidated and the money will be transferred to the Switzerland government.
The Swiss government announced the details of the dormant accounts to public in 2015 so that the claimants can submit the necessary proof to get access to those funds. There were at least 10 accounts linked to India. But as per the records, not a single dormant account has been successfully claimed.
The list included around 2,600 dormant accounts in 2015. More accounts became dormant every year and the list now includes nearly 3,500 dormant accounts. The claim period for a few accounts will expire in 2020 while for a few others, it will expire in December 2019.
As the Swiss bank accounts have been the topic of heated political debate over the years, under global pressure, Switzerland has opened its banking system for regular scrutiny from abroad. Including India, it has also entered into pacts with many other countries for autonomous exchange of financial information.