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RBI launches UDGAM Portal to gather unclaimed deposits from THESE seven banks

Reserve bank of India launches the RBI Udgam Portal which allows the citizens to get back all the unclaimed deposits.

Edited By : Mayank Kasyap | Updated: Aug 18, 2023 11:43 IST
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RBI Governor Shaktikanta Das (Photo Credit: ANI File)
RBI Governor Shaktikanta Das (Photo Credit: ANI File)

New Delhi: A golden opportunity awaits as the Reserve Bank of India (RBI) introduces a groundbreaking solution for unclaimed deposits. The newly launched UDGAM (Unclaimed Deposits – Gateway to Access inforMation) Portal opens the door for consumers to unlock dormant treasures and initiate the process of reclaiming their deposits. The portal offers a hassle-free approach for individuals seeking to retrieve their funds from seven prominent banks.

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In a strategic move that prioritizes consumer convenience, the RBI has taken a bold step by launching the UDGAM Portal on Thursday. This digital platform serves as a transformative gateway, empowering individuals to take charge of their unclaimed deposits and initiate the necessary steps to retrieve them.

Here’s how to make claims or register with ease

With the UDGAM Portal in place, consumers are now equipped with the tools to claim their unclaimed deposits with unprecedented ease. Additionally, the portal provides the option to conveniently register one’s deposit account for those who have yet to initiate the process.

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UDGAM Portal to extend services to these seven banks

The UDGAM Portal extends its services to unclaimed deposits from seven prominent banks, offering a wide spectrum of choices for individuals seeking to access their funds. This diverse range of banks underscores the portal’s commitment to accommodating various depositors’ needs and preferences.

Revolutionizing financial reclamation

The introduction of the UDGAM Portal signifies a transformation in the way individuals reclaim their unclaimed deposits. With a user-friendly interface and comprehensive features, this digital platform sets a new standard for efficiency and accessibility in the financial realm.

Easy steps for fund retrieval

Reclaiming your unclaimed deposits through the UDGAM Portal is a streamlined process. By accessing the portal and following the straightforward steps provided, individuals can take significant strides towards unlocking their dormant funds and restoring them to active circulation.

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First published on: Aug 17, 2023 07:25 PM IST

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