look news india
Crores of rupees are lying unclaimed with the banks in the country, which have no claimants. Reserve Bank of India (RBI) had disclosed this in its annual report. According to RBI, this amount at the end of March 2023 It had increased to Rs 42,272 crore. At the same time, now the unclaimed amount has increased by 26 percent to Rs 78,213 crore. These amounts are linked to FD and bank accounts.
If the money of any of your relatives or household is lying unclaimed in the bank, then you can get information about it through RBI's UDGAM portal. The unclaimed amount deposited can be easily checked by visiting this portal. After registering yourself on the UDGAM portal, you can check the unclaimed amount by logging in. To make a claim you can contact the concerned bank. Let us know that if any of your relatives has unclaimed amount then how can you check it?
What is unclaimed deposit amount?
Individual banks review accounts for unclaimed deposits on an annual basis. We also find out which are those bank accounts in which no transaction of any kind has taken place. When a depositor neither deposits nor withdraws any amount from an account in the last 10 years, the amount lying in the account during this period is considered as unclaimed deposit. Banks also try to find claimants for this amount.
RBI launches UDGAM portal
The Reserve Bank of India had launched the UDGAM portal in March to check unclaimed amounts. All unclaimed deposits forming part of the Depositor Education and Awareness (DEA) Fund of RBI can be searched in the UDGAM portal. As of March 4, 2024, 30 banks are part of the UDGAM portal. These banks cover about 90% of the unclaimed deposits in the Depositor Education and Awareness (DEA) Fund of the RBI.
How to register on UDGAM portal?
- First of all go to UDGAM portal udgam.rbi.org.in, then go to Unclaimed Amount section and register.
- Enter the registered mobile number and your name for registration.
- Now set the password and enter the captcha code.
- Tick the check box and click Next, then enter and verify the OTP.
How to check unclaimed amount?
- First of all go to https://udgam.rbi.org.in/unclaimed-deposits/#/login.
- Enter mobile number, password, captcha code. Now you will get OTP on the registered mobile number.
- In the next step it is mandatory to enter the name of the account holder and select the bank.
- Now you have to enter the information according to any one of PAN, Voter ID, Driving License Number, Passport Number.
- After this click on the search button, after which if there is any unclaimed amount then it will be visible to you.
- You can contact that bank to withdraw this undisclosed amount.