RBI UDGAM Portal 2023: Register, Direct Claims – udgam.rbi.org.in: The Reserve Bank of India has recently introduced the RBI UDGAM Portal 2023. This portal addresses the situation where individuals may pass away or cease using their bank accounts, resulting in their funds being transferred to the Reserve Bank of India after a 10-year dormancy period. If you have a family member with an inactive bank account or Fixed Deposit for the past decade, you can utilize the RBI UDGAM Portal for Unclaimed Deposits.
This initiative aims to assist citizens in claiming approximately Rs 35,000 Crore that rightfully belongs to them. Presently, seven banks are linked to the portal, with more expected to join soon. You can easily check if you have an account on the portal and initiate the claim process by completing the UDGAM Portal Registration at udgam.rbi.org.in. Remember to gather all the necessary information, including UDGAM Portal RBI Registration 2023 and details of the linked RBI banks, before proceeding with the registration. Reclaim your blocked funds after successful registration.
RBI UDGAM Portal 2023
The Reserve Bank of India has just unveiled an exciting new website designed to help individuals find their forgotten deposits. This initiative comes on the heels of their announcement on April 6, 2023, regarding developmental policies and regulations. The RBI is deeply concerned about unclaimed deposits and is actively working to raise awareness among the public. Their goal is to ensure that everyone is well-informed and can effortlessly recover their funds from the bank. To assist you further, we’ve put together a comprehensive article and even crafted a user-friendly video tutorial explaining the UDGAM Portal and how to easily register on it. If you’re wondering about unclaimed deposits, we’ve got you covered.
RBI UDGAM Portal Overview
|Portal Name||UDGAM RBI Portal|
|Started By||Reserve Bank of India|
|Perks||Claim of Unclaimed Deposits|
|Beneficiary||Individuals and Non-Individuals with unclaimed deposits|
|Starting Date||18th August 2023|
|Linked Banks||SBI, PNB, Central Bank of India, Dhanlaxmi Bank, South Indian Bank, DBS Bank India, Citibank|
How RBI UDGAM Portal works
In 2023, the Reserve Bank of India (RBI) introduced the UDGAM Portal, short for Unclaimed Deposits: Gateway to Access Information. This innovative platform serves as a centralized repository for information concerning dormant deposits held by banks across India. Unclaimed deposits refer to funds that have remained untouched for approximately a decade, with no deposit, withdrawal, or interest activity during this period. When an account becomes dormant, the funds it holds are transferred to the RBI, where they are safeguarded in a dedicated account known as the Depositor Education and Awareness (DEA) Fund.
The UDGAM Portal offers individuals an opportunity to search for any forgotten funds associated with their name. To initiate a search, users are required to provide specific details. This user-friendly platform simplifies the process of reclaiming unutilized funds and promotes financial awareness and education among the public. Discover your dormant money today with the UDGAM Portal.
How to use RBI UDGAM Portal to find unclaimed money
A fantastic new website has just launched, promising to revolutionize the way people handle forgotten funds in banks. This user-friendly platform makes it a breeze to track down your lost money or even reactivate old bank accounts with a simple conversation with your bank. This innovative website is the result of collaboration between several key players, including Reserve Bank Information Technology Pvt Ltd (ReBIT), Indian Financial Technology & Allied Services (IFTAS), and several forward-thinking banks. Their shared goal is to simplify financial matters and empower individuals to better manage their finances.
Currently, you can access information about forgotten funds from seven major banks, including the State Bank of India, Punjab National Bank, South Indian Bank, Central Bank of India, Dhanlaxmi Bank, DBS Bank India, and CitiBank N.A. Excitingly, the RBI has announced that more banks will join this initiative, allowing you to trace your forgotten funds from October 15, 2023. This development is a game-changer, as it brings clarity to financial assets and empowers people across India to take more control of their finances. Don’t miss out on this opportunity.
Important Documents for RBI UDGAM Portal
- Mobile Number
- Name of Account Holder
- Bank Details
- PAN Card
- Voter ID
- Driving License Number
- Passport Number
- Date of Birth
How to claim your unclaimed deposits through the RBI UDGAM Portal
Step 1: Visit UDGAM Website: Head to the official UDGAM website by going to [https://udgam.rbi.org.in/unclaimed-deposits/#/register]
Step 2: Register Your Details: Begin by entering your name and phone number in the provided fields.
Step 3: Create a Secure Password: Craft a strong and unique password for your UDGAM account. Ensure it includes a mix of letters, numbers, and symbols for added security.
Step 4: Enter Captcha Code: Input the Captcha code displayed on the screen accurately.
Step 5: Consent Checkbox: Don’t forget to check the provided checkbox to give your consent. This is essential for proceeding.
Step 6: Click “Next”: After confirming your details, click the “Next” button to move forward.
Step 7: OTP Verification: Check your mobile phone for the One-Time Password (OTP) sent to you. Enter the OTP in the designated field to verify your registration.