Rs 42,270 cr lying unclaimed, 30 banks join RBI's portal to return some to depositors
An internet portal called UDGAM, or Unclaimed Deposits-Gateway to Access Information, was created by the RBI. It makes it easier for registered users to centrally search unclaimed deposits and accounts from several banks in one location
prativad 
30 banks are enabling customers to search their unclaimed deposits or accounts through the UDGAM portal, according to a statement released by the Reserve Bank on Tuesday. The remaining banks are currently in the process of doing the same.
An internet portal called UDGAM, or Unclaimed Deposits-Gateway to Access Information, was created by the RBI. It makes it easier for registered users to centrally search unclaimed deposits and accounts from several banks in one location.
The UDGAM portal allows users to search all unclaimed deposits and accounts included in the RBI’s Depositor Education and Awareness (DEA) Fund.
“As on March 4, 2024, there are 30 banks, which are part of UDGAM portal, and they cover around 90 per cent of unclaimed deposits (in value terms) in DEA Fund of RBI,” the central bank said in a set of Frequently Asked Questions on UDGAM portal.
