RBI will return the money stuck in banks; Is your bank in the list of 30 banks

RBI UDGAM Portal for Unclaimed Deposits : After opening an account in the bank, financial transactions are carried out at various levels in that account. Often more than one account is opened in the bank and money is distributed among them and investments and deposits are started. But there are some occasions when it is not possible to withdraw money from the bank inadvertently or due to some technical problems. What to do in such times? Are you wondering how to get back your or someone you know's money stuck in the bank?

Have you noticed your grandparents or any forgotten bank account and now how to withdraw money from it? Now RBI has given the answer to this question. RBI has recently launched a portal for this purpose, where you can withdraw old and unclaimed small deposits. Of course you can withdraw money from the account. Under this process, a list of 30 banks has been released by RBI. So, if your account is not included in it, take a look at it.

Why did RBI take this decision?

The names of Axis, Bank of Baroda, HDFC Bank and many other banks are in the list released by RBI. From where customers will get the facility to withdraw money from unclaimed deposits through UDGAM portal. It is likely that some more banks will be added to this list in the near future. You will be expected to register first by visiting the 'Unclaimed Deposit Gateway to Access Information' (UDGAM) portal issued by RBI. Where you are going to get back the amount deposited in your account for many years. With the help of this portal, you can search accounts in multiple banks and get information about unclaimed deposits at the same time, from one place.

How much amount in unclaimed deposits?

According to the information of RBI, the country's largest bank, names of 30 banks have been included in the currently launched portal and these banks have about 90 percent of the total unclaimed deposits. You will be eligible to receive this amount after completing some personal information and details. RBI has said that till March 2023, there are about Rs 42,270 crore unclaimed deposits in various banks of the country.