RBI UDGAM Portal Link, Register, Log in, Check Unclaimed Deposits

Do you have forgotten unclaimed money lying in different old or inactive bank accounts? You can now find out if you have any unclaimed deposits and claim your unclaimed money back. Thanks to UDGAM (Unclaimed Deposits - Gateway to Access information) Portal that RBI launched recently. The UDGAM Portal consolidates information from different banks about accounts that have not been operational for the last 10 years or more. In this article, you’d get to know the UDGAM Portal link, login, registration details, how you can check for unclaimed deposits on the UDGAM website, and lastly, what unclaimed deposits mean. And answers to other such questions that you may have.

After reading this article, you would come to know:

1. What is an Unclaimed Deposit?✔️

2. What is the UDGAM portal by RBI?✔️

3. Register / Login to UDGAM Portal (Link)✔️

4. How to check unclaimed deposits on the RBI UDGAM website ✔️

5. FAQ to answer some of your unanswered questions about RBI UDGAM Portal✔️

RBI explains unclaimed deposits as “Balances in savings / current accounts that are not operated for 10 years, or term deposits not claimed within 10 years from the date of maturity are classified as “Unclaimed Deposits”.

Clearly, an unclaimed deposit is when a particular bank account has been inoperative (no activities such as deposits, or withdrawal has been done) for the last 10 years or more.

UDGAM or Unclaimed Deposits - Gateway to Access information is an online centralized web portal that fetches and consolidates data from different banks about such accounts that have not been operational / are inactive for the last 10 years or more.

UDGAM is a free-to-use platform that aims to help people find their unclaimed deposits with a few simple clicks instead of having to visit the banks individually & enquiring or getting into the hassle of remembering forgotten bank accounts.

Currently, there are 6 banks onboarded on UDGAM by RBI and they are as follows:

1. Central Bank of India

2. DBS Bank India Limited

3. Dhanlaxmi Bank Limited

4. Punjab National Bank

5. South Indian Bank Ltd.

6. State Bank of India

As the RBI UDGAM portal continues to grow, more and more banks would get included in this list.

While we are on an important finance topic such as unclaimed deposits, we think you may find our article Difference between UPI, RTGS, IMPS, and NEFT: Charges & Limit useful to know 💡

The UDGAM portal allows you to register yourself to check if you have any unclaimed deposits in any of the listed banks. Registration is simple and free. Follow these steps to register on UDGAM:

1. Go to the UDGAM portal website link at https://udgam.rbi....in

2. Or visit the UDGAM Portal register link at https://udgam.rbi.org.in/unclaimed-deposits/#/r...

3. Click on the 'Register' button on the homepage.

4. Enter details like your mobile number (registered to your bank account(s)), first name, last name

5. Enter a strong password for your account and fill in the captcha

6. Accept the terms and conditions and click “Next”

7. You will receive an OTP on your mobile number. Enter this OTP to verify your mobile number.

8. Your UDGAM account is created. You can now log in and check for unclaimed deposits.

Once you have registered to the RBI UDGAM portal, you then need to log in. After logging in, you would get access to the UDGAM portal to claim your unclaimed or forgotten deposits. Logging in to the UDGAM RBI website is pretty simple. Follow these steps to log in to the UDGAM RBI portal:

1. Go to the UDGAM portal website log-in link at https://udgam.rbi.org.in/unclaimed-deposits/#...in

2. Enter your registered mobile number and password that you created

3. Fill in the captcha and enter the 6-digit OTP received

4. Verify your mobile number.

5. You have now successfully logged in to the UDGAM RBI portal

If you value finances as much as we do, you may like our Recharge, Payments Offers group that shares the current, latest offers you can grab on credit card payments, UPI payments and much more

The UDGAM portal by RBI makes it easy for you to find out if you have any forgotten or unclaimed money lying in old bank accounts. Once you register on the portal, all you need to do is log in and submit a few details to check if you have any unclaimed deposits. No more need to visit bank branches or fill out forms. Just follow these steps to check your unclaimed deposits online on the RBI UDGAM website:

1. Login to the UDGAM portal with your registered mobile number and password

2. Next enter details like the account holder’s name, and mobile number linked with your bank account

3. Select your bank from the dropdown list of banks currently on UDGAM

4. Authenticate at least one of the identity verification details required such as PAN card, Voter ID, Driving License, Passport Number, and DOB

5. Carefully enter the captcha code shown.

6. Click on 'Submit'

7. You can also add details such as your address (optional)

8. UDGAM will then fetch and display details of any unclaimed deposits you may have in the selected bank.

9. If you have an unclaimed deposit, you can submit a claim for it immediately on UDGAM or make the account operative again

So, this was all about sharing the newly launched UDGAM Portal by RBI to check for unclaimed deposits in different bank accounts.

The RBI's Unclaimed Deposits Gateway or UDGAM serves as a much-needed source of information and relief for many account holders in India.

Deposit amount from accounts that remain inactive for over 10 years is transferred to the “Depositor Education and Awareness” (DEA) Fund maintained by the Reserve Bank of India. These funds are however still entitled to be claimed by the respective account holders.

The UDGAM portal to check unclaimed deposits can be really useful for those account holders who may have changed residences, closed accounts, may have lost track of some savings over the years. There are also cases of accounts being unclaimed for deceased depositors.

Here are some potential FAQs with answers for the RBI UDGAM portal:

1. What is the UDGAM by RBI portal?

UDGAM stands for Unclaimed Deposits - Gateway to Access information. It is a free centralized online portal to help people find and claim forgotten bank deposits

2. Which banks are currently part of UDGAM RBI?

As of now, 6 banks - Central Bank of India, DBS Bank India Limited, Dhanlaxmi Bank Limited, Punjab National Bank, South Indian Bank Ltd, and State Bank of India. More banks will be added over time.

3. Is there any registration charge for the UDGAM portal?

No, registration on the UDGAM portal is entirely free.

4. What details do I need to register on UDGAM?

You need to provide your name, mobile number, and any one of the identity proof details like PAN card, Voter ID, etc.

5. How do I check if I have any unclaimed deposits?

Log into UDGAM, enter details like name, mobile number, and any one identity proof details. UDGAM will fetch your unclaimed deposit details from different banks.

6. Can I claim back my unclaimed money?

Yes, if you have any unclaimed deposit, it may be possible to claim it through the UDGAM portal or account holders can visit the respective bank branch and submit the "Claim Form” or verify their KYC documents.

7. Is there any timeline for banks to process claims?

Banks generally have to process unclaimed deposit claims within 15 days.

8. What types of accounts can have unclaimed deposits?

Savings, current, or term deposits - any inactive bank account can have unclaimed money.

Thanks to @saanvisruthi for also sharing this news with us here