Roughly 35,000 crore Indian Rupees of citizens is lying unclaimed with various banks in India. In order to help citizens track down and claim these funds, the Reserve Bank of India has launched a Centralised Web Portal called उद्गम UDGAM (Unclaimed Deposits – Gateway to Access inforMation). This portal has been developed by RBI for use by members of public to facilitate and make it easier for them to search their unclaimed deposits across multiple banks at one place.
Given the increasing trend in the amount of unclaimed deposits, RBI has been undertaking public awareness campaigns from time to time to sensitise the citizens on this matter. Further, through these initiatives, the RBI has been encouraging members of public to identify and approach their respective banks for claiming unclaimed deposits.
The launch of 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. The search facility for remaining banks on the portal would be made available in a phased manner by October 15, 2023. These seven banks are:-
1. State Bank of India
2. Punjab National Bank
3. Central Bank of India
4. Dhanlaxmi Bank Ltd.
5. South Indian Bank Ltd.
6. DBS Bank India Ltd.
7. Citibank N.A.
However, when The Liberal Indic team tried to access the website, it could not locate Citibank among the list of banks available on the portal. We could register and login with ease on the website. Searching for unclaimed deposits was very simple, uncharacteristic of Indian government websites.
You may click here to log in and check if you or any person known to you has any unclaimed deposits in any of the [for now] six banks listed above. Do let us know of your experience by emailing editor@theliberalindic.in.
