Page 30 - Banking Finance October 2023

ARTICLE

UDGAM "UNCLAIMED

DEPOSITS - GATEWAY

TO ACCESS

INFORMATION"

Introduction for "Unclaimed Deposits - Gateway to Access InforMation."
This centralized web portal is designed to assist individuals
The Reserve Bank of India (RBI) has introduced a new online
platform called the UDGAM Portal, which aims to help in identifying and claiming their unclaimed deposits or
people find their unclaimed deposits or accounts across accounts across multiple banks. By providing a user-friendly
different banks. This portal, accessible at udgam.rbi.org.in, interface, the UDGAM Portal simplifies the process of
searching for and accessing dormant funds, enhancing
allows individuals to easily register and log in to search for
any unclaimed deposits they may have. With the UDGAM financial awareness and accessibility for account holders.
Portal, RBI aims to simplify the process of locating and Through this initiative, RBI aims to promote greater
claiming unclaimed funds, promoting financial transparency transparency and facilitate the retrieval of unutilized funds
for the benefit of individuals.
and inclusion for all.
RBI Udgam Portal Login Link
RBI UDGAM Portal At present, the RBI has introduced a selection of six banks
The RBI UDGAM Portal is an innovative online platform tailored for individual users. These banks include prominent
launched by the Reserve Bank of India (RBI). UDGAM stands names such as SBI, Punjab National Bank, Central Bank of
India, Dhanlaxmi Bank, South Indian Bank and DBS Bank
India. Moreover, for non-individual entities, Citibank stands
About the author
as the sole option available on the udgam.rbi.org.in portal.
Arun Kumar Gupta However, it's noteworthy that additional banks are set to
Faculty - Credit be incorporated into the portal's offerings by the 15th of
Chief Manager and Centre Incharge October, 2023. For seamless access, users can utilize the
Zonal Learning Centre-Mangaluru designated RBI Udgam Portal Login Link: https://
Union Bank Of India udgam.rbi.org.in/.

30 | 2023 | OCTOBER | BANKING FINANCE