RBI launches web portal for searching unclaimed deposits

Initially, users would be able to access the details of their unclaimed deposits in respect of seven banks – State Bank of India, Punjab National Bank, Central Bank of India, Dhanlaxmi Bank, South Indian Bank, DBS Bank India and Citibank N A - presently available on the portal.

RBI, Unclaimed Deposits – Gateway to Access information (UDGAM), State Bank of India, Punjab National Bank, Central Bank of India, Dhanlaxmi Bank, South Indian Bank, DBS Bank India and Citibank,

The RBI had announced the development of a centralised web portal for searching unclaimed deposits in April this year.

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The portal – Unclaimed Deposits – Gateway to Access information (UDGAM) – will aid users to identify their unclaimed deposits/ accounts and enable them to either claim the deposit amount or make their deposit accounts operative at their respective banks.

Initially, users would be able to access the details of their unclaimed deposits in respect of seven banks – State Bank of India, Punjab National Bank, Central Bank of India, Dhanlaxmi Bank, South Indian Bank, DBS Bank India and Citibank N A – presently available on the portal.

The search facility for remaining banks on the portal would be made available in a phased manner by October 15, 2023, the RBI said in a release.

The RBI had announced the development of a centralised web portal for searching unclaimed deposits in April this year.