RBI Udgam Portal Login Link, Registration: How to find your unclaimed deposits in SBI, PNB, other banks

financialexpress.com:

RBI Udgam Portal News: The Reserve Bank of India has launched a centralised web portal – UDGAM (Unclaimed Deposits – Gateway to Access inforMation) – which will enable bank customers to find their unclaimed deposits. In a statement, the RBI said this portal will make it easier for the public to search their unclaimed deposits across multiple banks in one place.

It is estimated that the total amount of unclaimed deposits in India is Rs 35,000 crore while numerous accounts have been forgotten or overlooked.

The RBI had announced the decision to set up a centralised web portal for searching unclaimed deposits as part of the Statement on Developmental and Regulatory Policies dated April 06, 2023.

“The UDGAM portal will ease the process of redeeming unclaimed deposits. The new centralised web portal will be the perfect platform for the users to search and identify their unclaimed deposits/accounts across multiple banks through a single window,” said Ankit Garg, Advocate & Founder Garg Law Chamber.

The link to login on the RBI Udgam Portal is: https://udgam.rbi.org.in/unclaimed-deposits/#/login

According to RBI, users would be initially able to access details of their unclaimed deposits in respect of seven banks presently available on the portal.

Currently, six banks are live for individuals. These are SBI, Punjab National Bank, Central Bank of India, Dhanlaxmi Bank, South Indian Bank, DBS Bank India. For non-individuals, Citibank is live on the portal.

Users have to first register on Udgam Portal with their mobile number, name and set-up password. After registering, log in to the portal and enter any 1 search criteria and select the bank. Selection of multiple bank accounts to search unclaimed deposits is also allowed.

Once