The web portal will aid users to identify their unclaimed deposits/ accounts and enable them to either claim the deposit amount or make their deposit accounts operative at their respective banks
To begin with, users would be able to access the details of their unclaimed deposits in respect of seven banks presently available on the portal, says RBI
To improve and broaden depositors and beneficiaries access to unclaimed data, the RBI has decided to create an online platform that will allow them to search across various banks for probable unclaimed deposits depending on user inputs.
Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday launched a centralised web portal UDGAM (Unclaimed Deposits - Gateway to Access inforMation), which would make it easier for people to search for their unclaimed deposits across .