RBI Unclaimed Deposits @udgam.rbi.org.in
As widely recognized, the Reserve Bank of India (RBI) consistently initiates various programs, and currently, they have introduced the UDGAM Portal 2023 Link. It should be noted that in situations where individuals pass away or discontinue using their bank accounts, the funds are retained by the bank for a period of 10 years. Following this timeframe, the unclaimed funds are transferred to the Reserve Bank of India. If you have a family member who held a bank account or Fixed Deposit but hasn’t utilized it in the last decade, it is advisable to consider utilizing the RBI UDGAM Portal for Unclaimed Deposits. The Reserve Bank of India has launched this UDGAM Application Form 2023 on udgam.rbi.org.in with the goal of facilitating the recovery of approximately Rs 35,000 Crore for the legitimate owners of these funds. Initially, six banks are integrated into the portal, with the expectation of more institutions joining in the future, thereby enabling you to search for your account within these banking entities. To initiate the claims process, it is crucial to complete the UDGAM Portal Registration @ udgam.rbi.org.in. This registration requires comprehensive information, including details related to UDGAM Portal RBI Registration 2023 and the banks affiliated with UDGAM RBI.
UDGAM Portal 2023 Link
The Reserve Bank of India has launched the UDGAM (Unclaimed Deposits: Gateway to Access Information) Portal with the aim of restituting approximately Rs 35,000 Crore in unclaimed funds to rightful beneficiaries. If you hold a bank account or fixed deposit that has remained dormant for the past 10 years, it is advisable to make use of the UDGAM Portal 2023 @ udgam.rbi.org.in to reclaim your funds. To avail the benefits of this portal, you are required to complete the UDGAM Registration @ udgam.rbi.org.in by providing basic personal information. Following this, authorities will verify your account, and you can anticipate the funds being transferred to your bank account. In accordance with the regulations, all accounts that have been inactive for a decade and fixed deposits that have matured but remain unclaimed for 10 years are eligible for retrieval through this portal. In total, the RBI has accumulated Rs 35,000 Crore in unclaimed deposits.
| Portal | RBI UDGAM |
| Authority | Reserve Bank of India |
| Purpose of UDGAM Portal | Facilitating the Settlement of Unclaimed Funds |
| Total Unclaimed Funds | Approximately Rs 35,000 Crore |
| Beneficiaries | All Individuals and Non-Individuals Holding Bank Accounts |
| RBI UDGAM Portal Website | udgam.rbi.org.in |
| Eligibility | Available for Self Accounts, PAN Card Holders Only |
| Documents Required | PAN Card Number, Mobile Number, Bank Holder Name & Aadhar Card Number |
| Type of Article | Finance |
| RBI UDGAM portal | udgam.rbi.org.in Link Here |
How to Claim Your Unclaimed Deposits from RBI @udgam.rbi.org.in
To reclaim your unclaimed deposits through RBI’s UDGAM Portal, follow these straightforward steps:
1. Visit udgam.rbi.org.in and select the ‘Login’ button.
2. Log in using your Mobile Number or Register as a New User.
3. On the next page, search for your bank account and provide the required details such as Aadhar Number, PAN Number, and more.
4. Click the ‘Submit’ button to submit your form.
5. Wait for the results to appear; if you have any eligible accounts, they will be displayed on the screen.
6. Click on ‘Claim amount,’ and your funds will be transferred to your Active Account.
The process to Claim Unclaimed Deposits from RBI UDGAM @ udgam.rbi.org.in is now complete.
Access Unclaimed Deposits at udgam.rbi.org.in
On August 18th, 2023, the Reserve Bank of India introduced the UDGAM Portal (Unclaimed Deposits: Gateway to Access Information) for the general public, marking a significant and beneficial innovation. When an account remains inactive for a decade, its balance is designated as an unclaimed deposit. The same principle applies to Fixed Deposits (FDs) and Recurring Deposits (RDs) left unclaimed for ten years after maturity. Banks transfer these unclaimed deposits to the “Depositor Education and Awareness” (DEA) Fund, overseen by the RBI. The RBI has introduced UDGAM (Unclaimed Deposits: Gateway to Access Information), a platform that enables you to search for unclaimed deposits across all banks in India through a single website.
Accessing RBI’s UDGAM Unclaimed Deposits is straightforward. Follow the registration link provided at udgam.rbi.org.in. To complete the RBI UDGAM Portal Registration @ udgam.rbi.org.in, visit the portal and click the ‘Register’ button. Proceed by entering your mobile number, name, PAN number, and create a password using the OTP received on your mobile. Afterward, log in using the same credentials. Select your bank account holder’s name and the respective bank where your account was held. Finally, click ‘Submit’ to check for unclaimed funds in your bank accounts.
UDGAM 2023 Bank Linked
There are 14 banks currently accessible on the UDGAM Portal, allowing you to search for your account and retrieve any unclaimed funds.
- Bank of Baroda
- Bank of India
- Canara Bank
- Central Bank of India
- DBS Bank India Limited
- Dhanlaxmi Bank Limited
- Federal Bank Ltd
- HDFC Bank Ltd.
- Indian Bank
- Kotak Mahindra Bank
- Punjab National Bank
- South Indian Bank Ltd.
- State Bank of India
- Union Bank of India
Instructions for Completing the RBI UDGAM Application Form
You’ll need to provide essential information, including the Account Holder’s Name, Bank Name, and one of the following: PAN, Voter ID, DL Number, Passport Number, or Date of Birth, to access your bank account.
1. Click the ‘Search’ button and patiently await the retrieval of your bank account details.
2. Review the information provided and proceed to claim the unclaimed funds.
3. If you wish to check bank accounts at other banks listed, you can repeat the process as needed else select all banks at once.
Frequently Asked Questions about the RBI UDGAM Portal 2023
What are the advantages of using the UDGAM Portal?
The UDGAM Portal offers the opportunity to claim funds that have remained unclaimed for several decades.
What is the full form of UDGAM?
UDGAM stands for Unclaimed Deposits: Gateway to Access Information.
What is the official website of the UDGAM Portal?
You can access the UDGAM Portal by visiting udgam.rbi.org.in.
What is the total amount of unclaimed funds in India?
The RBI has reported that there is a total of Rs 35,000 Crore in unclaimed funds spread across various banks in India.
How can I complete the UDGAM registration process?
You can successfully register on the UDGAM Portal by providing your PAN Number.
Leave a Reply