The Reserve Bank of India (RBI) has taken steps to simplify the process of reclaiming dormant unclaimed deposits from bank accounts. They have introduced a new portal called UDGAM (Unclaimed Deposits Gateway to Access Information) that allows you to quickly find unclaimed deposits by providing your information.
At present, six banks are actively engaged in the UDGAM program: SBI, PNB, CBI, DBS, South Indian Bank, and Dhanlaxmi Bank. If you’re seeking to locate unclaimed bank deposits in India that belong to your parents or relatives, this guide is designed to assist you in this endeavor. Let’s delve into the process of utilizing the UDGAM portal to identify unclaimed deposits:
- Start by accessing the UDGAM portal through this link.
- Register for an account using your mobile number.
- After getting registered, log in to your account.
- Provide details such as your name, PAN number, Voter ID number, address, and select the relevant banks. You can add more information to refine your search.
- Click on the “Search” option.
- After a short wait, the portal will display the search results for unclaimed bank deposits.
- You can click on the arrow icon to access more details about the unclaimed deposits.
- To download the account details of the unclaimed deposit from RBI’s website, click on “Export PDF.”
- Now, click on the bank link in the second column.
- This will take you to the bank’s webpage, where you can find information about the claim procedure. To initiate the process, you’ll need to print the claim form and attach the necessary documentary proofs to recover your funds.
This guide has illuminated the steps to navigate the UDGAM portal effectively, providing individuals with the means to locate unclaimed deposits attributed to their parents or relatives. By leveraging this user-friendly tool, individuals can now embark on the journey of reclaiming their dormant assets, ensuring a smoother process and financial empowerment for all.
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