Unlock Forgotten Funds: RBI's UDGAM Portal Helps Trace Unclaimed Bank Deposits
Personal Finance
N
News18•10-01-2026, 08:28
Unlock Forgotten Funds: RBI's UDGAM Portal Helps Trace Unclaimed Bank Deposits
- •The RBI's UDGAM portal helps individuals locate forgotten bank accounts and unclaimed deposits.
- •UDGAM (Unclaimed Deposits Gateway to Access Information) is a centralized platform for searching unclaimed deposits across multiple banks.
- •Users can search by name and date of birth; trying different spellings or exact names from old records is recommended.
- •If a match is found, contact the respective bank with KYC documents; legal heirs need death certificates and other proofs.
- •Deposits unclaimed for over 10 years are transferred to RBI's DEAF, but account holders or heirs can still claim them through the bank.
Why It Matters: The RBI's UDGAM portal simplifies finding and reclaiming forgotten bank deposits, even those transferred to DEAF.
✦
More like this
Loading more articles...
