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Unclaimed amount- Have you kept money aside in a savings or current account for future use or deposited a good amount in a fixed deposit but forgot about it? If so, you are not alone. If you also have any such money, you can check through the UDGAM portal. Read the full news...

New Delhi: Crores of rupees are lying unclaimed with the banks in the country, for which there is no claimant. Every year the Reserve Bank of India (RBI) discloses this in its annual report. According to RBI, this amount had increased to Rs 42,272 crore at the end of March 2023. At the same time, now the unclaimed amount has increased by 26 percent to Rs 78,213 crore. This amount is linked to FD and bank accounts.

If the money of any of your relatives or family is lying unclaimed in the bank, then you can get information about it through RBI's UDGAM portal. By going to this portal, the unclaimed money deposited can be easily checked. After registering yourself on the UDGAM portal, you can login and check the unclaimed amount. To claim, you can contact the concerned bank. Let us know how you can check if any of your relatives has unclaimed money?

What is an unclaimed deposit?
Different banks review accounts for unclaimed deposits on an annual basis. They also find out which are those bank accounts in which there has been no transaction of any kind. When a depositor neither deposits nor withdraws any amount in an account during the last 10 years, the amount lying in the account during this period is considered as an unclaimed deposit. Banks also try to find a claimant for this amount.

UDGAM portal launched
The Reserve Bank of India launched the UDGAM portal in March to check unclaimed amounts. All unclaimed deposits that form part of the RBI's Depositor Education and Awareness (DEA) Fund can be searched on the UDGAM portal. As of March 4, 2024, 30 banks are included in the UDGAM portal. These banks cover about 90 per cent of the unclaimed deposits in the RBI's Depositor Education and Awareness (DEA) Fund.

How to register on the portal?

• First go to the UDGAM portal udgam.rbi.org.in , then go to the unclaimed amount section and register.
• To register, enter your registered mobile number and your name.
• Now set the password and enter the captcha code.
• Tick ​​the check box and click on Next, then verify by entering OTP.

How to check unclaimed amount?

• First of all go to https://udgam.rbi.org.in/unclaimed-deposits/#/login .
• Enter mobile number, password, captcha code.
• Now you will get OTP on the registered mobile number.
• In the next step it is mandatory to enter the name of the account holder and select the bank.
• Now you have to enter the information as per any one of PAN, Voter ID, Driving License Number, Passport Number.
• After this click on the search button, after which if there is any unclaimed amount then it will be visible to you.
• To withdraw this unclaimed amount you can contact that bank.