What is RBI UDGAM Portal?
What is UDGAM Portal?
India has
₹35,000 Cr
as unclaimed bank deposits. So the
RBI
has launched its
UDGAM
portal to claim your unclaimed deposits.
What Are Unclaimed Deposits?
Its the balance of a current or saving
account inactive for 10 yrs
, or FDs unclaimed for 10 years after maturity.
Depositor Education & Awareness Fund
By March 2023, public and private
banks had moved
crores
of unclaimed deposits
to the DEAF. You can still claim this money.
How Does UDGAM Portal Help?
UDGAM portal improves the banking by helping people
find money
that they forgot about in different banks.
How To Access UDGAM?
Log on to
udgam.rbi.org.in.
Enter registered mobile no. & password, click “Login.” Enter the received code.
Banks Listed in UDGAM Portal
The
current
list of banks
include: SBI, PNB, CBI, Dhanlaxmi Bank, South Indian Bank, & DBS Bank India. More will be added.
Benefits
This portal will help people to find information about their
forgotten deposits
& claim the money
they didn't knew they had.
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