RBI portal for Udhgam – Portal to search for your Missing Fixed Deposits and Bank accounts
On 17th August 2023, the Governor of the Reserve Bank of India (RBI), introduced a Centralised Web Portal named UDGAM (Unclaimed Deposits – Gateway to Access information).
This initiative, created by the RBI, aims to assist the general public in conveniently searching for their unclaimed deposits in various banks through a single platform.
The creation of a centralized web portal to locate unclaimed deposits was declared by the Reserve Bank of India in its Statement on Developmental and Regulatory Policies on April 06, 2023. With the continuous rise in the volume of unclaimed deposits, the RBI has been conducting public awareness initiatives regularly to raise awareness about this issue.
Moreover, these efforts by the RBI aim to motivate the general public to identify and contact their respective banks to reclaim their unclaimed deposits. The introduction of this web portal will assist individuals in recognizing their unclaimed deposits or accounts and empower them to either retrieve the deposited amount or reactivate their deposit accounts at the banks they are associated with.
The creation of the portal has been a collaborative effort involving Reserve Bank Information Technology Pvt Ltd (ReBIT), Indian Financial Technology & Allied Services (IFTAS), and the banks participating in the initiative. Initially, the users will have the capability to retrieve information about their unclaimed deposits for seven banks that are currently accessible on the portal.
The search feature for the remaining banks will be progressively integrated into the portal, with full availability expected by October 15, 2023.
List of banks available in Centralised Portal State Bank of India Punjab National Bank Central Bank of India Dhanlaxmi Bank Ltd. South Indian Bank Ltd. DBS Bank India Ltd. Citibank N.A.
