RBI Enrolls 30 Banks in UDGAM Portal for Unclaimed FDs and Savings Accounts – Check if Your Bank is on the List
Ira Singh
6 Oct’23
The Reserve Bank of India (RBI) launched a Centralised Web Portal called UDGAM (Unclaimed Deposits-Gateway to Access Information) to help and make it simpler for people to search for their unclaimed deposits across different banks at one location,in August 2023.
Initially, the search feature was initially made available on the portal for seven banks, and it was announced to the public that it will be gradually made available for the remaining institutions by October 15, 2023. Now, the RBI has updated the UDGAM portal with a total of 30 banks, according to sources.
According to the RBI press release,”The search facility was initially made available on the portal for seven banks and it was intimated to the public that the search facility for remaining banks on the portal would be made available in a phased manner by October 15,2023.The members of public are hereby informed that , the search facility for 30 banks has been made available on the portal on September 28,2023, which covers around 90% of such unclaimed deposits(in value terms) in Depositor Education and Awareness(DEA) Fund.”