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More banks onboard UDGAM portal

The Reserve Bank of India launched a Centralised Web Portal उद्गम UDGAM (Unclaimed Deposits – Gateway to Access inforMation) on August 17, 202,3 for the public to facilitate and make it easier for them to search their unclaimed deposits across multiple banks at one place.

The search facility was initially made available on the portal for seven banks and it was intimated to the public that the search facility for remaining banks on the portal would be made available in a phased manner by October 15, 2023.

The RBI has announced that the search facility for 30 banks has been made available on the portal on September 28, 2023, which covers around 90% of such unclaimed deposits (in value terms) in Depositor Education and Awareness (DEA) Fund.

PR Newswire

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