UDGAM Portal: RBI Unclaimed Deposit Portal Link, Registration, Login, Track, and Search in 2023 (udgam.rbi.org.in)

With the launch of the UDGAM Portal, the RBI has made it easy for people to check if there are any unclaimed deposits lying in bank accounts in their name or anyone else’s name. In this article, I will explain what the UDGAM portal is, how to register and use it, which banks are part of it, and how to claim your unclaimed deposits.

Please use the UDGAM portal to check the unclaimed deposits and contact your bank if you have found money lying idle in the bank accounts.

Consider reading: How to Check PF Balance Online

What is UDGAM Portal and Link

UDGAM (Unclaimed Deposits: Gateway to Access inforMation) is a centralized web portal launched by the Reserve Bank of India (RBI) on August 17, 2023. The RBI has designed this platform to provide the public with a convenient way to search for their unclaimed deposits across multiple banks, all in one place.

Unclaimed deposits are those deposits or accounts that have not been operated or claimed by customers for more than 10 years. According to the RBI, the amount of unclaimed deposits in India has increased from Rs 8,928 crore in 2015 to Rs 24,356 crore in 2020. This indicates that many people are unaware of their unclaimed deposits or do not know how to claim them.

The UDGAM portal aims to address this issue by enabling the users to identify their unclaimed deposits or accounts and either claims the deposit amount or make their deposit accounts operative at their respective banks. The portal also provides information on the process of claiming unclaimed deposits, FAQs, and contact details of the banks for further assistance.

How to Register in UDGAM Portal

To use the UDGAM portal, users need to register themselves by providing some basic details such as name, email ID, mobile number, and OTP verification. The registration process is simple and takes only a few minutes.

Here are the steps to register in the UDGAM portal:

• Visit the UDGAM portal link and click on ‘Register’ button on the top right corner of the homepage.
• Enter your name, email ID, mobile number, and captcha code in the respective fields and click on ‘Submit’ button.
• You will receive an OTP on your registered mobile number. Enter the OTP and click on ‘Verify’ button.
• You will receive a confirmation message on your email ID. Click on the link provided in the email to activate your account.
• You have successfully registered in UDGAM portal. You can now login with your email ID and password.

How to Check Unclaimed Deposits in UDGAM Portal

Once you have registered and logged in to the UDGAM portal, you can search for your unclaimed deposits by entering some details such as bank name, branch name, account number, customer ID, PAN number, Aadhaar number, etc. 

You can also use advanced search options such as deposit type, deposit amount range, last transaction date range, etc. Here are the steps to check unclaimed deposits in the UDGAM portal:

• Login to the UDGAM portal with your email ID and password.
• Click on ‘Search Unclaimed Deposits’ tab on the dashboard.
• Select the bank name from the drop-down list. You can also select ‘All Banks’ option if you are not sure about the bank name.
• Enter any one or more of the following details: branch name, account number, customer ID, PAN number, and Aadhaar number. You can also enter your name or partial name if you do not remember any of these details.
• Click on ‘Search’ button. You will see a list of matching records with details such as bank name, branch name, account number, customer name, deposit type, deposit amount, last transaction date, etc.
• If you find any record that belongs to you or your family member, you can click on ‘View Details’ button to see more information such as contact details of the bank branch, process of claiming unclaimed deposits, etc.

Which Banks are part of the UDGAM Portal

The UDGAM portal currently covers seven banks that have provided their data on unclaimed deposits to the RBI. These banks are:

• 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.

The RBI has said that it will include more banks on the portal in a phased manner by October 15, 2023. Users can check the list of participating banks on the homepage of the UDGAM portal.

How to Claim the Unclaimed Deposits

If you have identified your unclaimed deposits or accounts on the UDGAM portal, you can claim them by following the process prescribed by the respective bank. The process may vary from bank to bank, but generally involves the following steps:

• Contact the bank branch where your unclaimed deposit or account is held. You can find the contact details of the bank branch on the UDGAM portal or on the bank’s website.
• Submit a written application along with proof of identity and address, such as a PAN card, Aadhaar card, passport, etc. You may also need to submit other documents, such as death certificate, succession certificate, legal heir certificate, etc., in case of deceased account holders or joint account holders.
• The bank will verify your details and documents and process your claim. The bank may charge a nominal fee for this service.
• The bank will either credit the deposit amount to your operative account, issue a cheque or demand a draft in your favor. The bank will also update the status of your unclaimed deposit or account on the UDGAM portal.

Final Thoughts on UDGAM Portal by RBI

In conclusion, the UDGAM portal is a great initiative by the RBI to help the public access and claim their unclaimed deposits across multiple banks. It is a user-friendly and convenient platform that can save you time and hassle.

You can register and use the UDGAM portal for free and search for your unclaimed deposits by entering some basic details. You can also find out the process of claiming your unclaimed deposits and contact the bank branch for further assistance.

The UDGAM portal is a one-stop solution for all your unclaimed deposit queries. If you have not checked it out yet, I suggest you do it right away. You never know, you might find some hidden treasure in your forgotten bank account! Thank you for reading this article.

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