MANU/RPRL/0475/2023
Ministry : Reserve Bank of India
Department/Board : Press Release
Press Release No. : 2023-2024/765
Date : 17.08.2023
Notification/ Circulars Referred : Statement on
Developmental and Regulatory Policies dated April 06, 2023 MANU/RPRL/0204/2023
Citing Reference:
Statement on
Developmental and Regulatory Policies dated April 06, 2023 MANU/RPRL/0204/2023 Referred
RBI launches - UDGAM - Centralised Web Portal for searching Unclaimed Deposits
The Governor, Reserve Bank of India today launched a Centralised Web Portal UDGAM (Unclaimed Deposits - Gateway to Access inforMation). This portal has been developed by RBI for use by members of public to facilitate and make it easier for them to search their unclaimed deposits across multiple banks at one place.
The Reserve Bank of India had announced the development of a centralised web
portal for searching unclaimed deposits as part of the Statement on
Developmental and Regulatory Policies dated April 06, 2023. Given the increasing
trend in the amount of unclaimed deposits, RBI has been undertaking public
awareness campaigns from time to time to sensitise the public on this matter.
Further, through these initiatives, the RBI has been encouraging members of
public to identify and approach their respective banks for claiming unclaimed
deposits.
The launch of the web portal 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. Reserve Bank Information Technology Pvt Ltd (ReBIT), Indian Financial Technology & Allied Services (IFTAS) and participating banks have collaborated on developing the portal.
To begin with, users would be able to access the details of their unclaimed
deposits in respect of seven banks 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.
(Yogesh Dayal)
Chief General Manager