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Discover the New RBI UDGAM Portal 2023: Your Gateway to Unclaimed Deposits!
The Reserve Bank of India (RBI) has recently launched the UDGAM Portal 2023, a centralized platform designed to help individuals access information about unclaimed deposits. If you’ve ever wondered about forgotten bank accounts or deposits that haven’t been touched for years, this portal is your solution. Learn more about the UDGAM Portal, its benefits, and how to utilize it. In This Article, We Are Going To Tell You All About RBI UDGAM Portal 2023 Benefits of Using the UDGAM Portal RBI UDGAM Portal Register Udgam.Rbi.Org RBI UDGAM Portal Registration.
What is the UDGAM Portal 2023?
UDGAM, which stands for “Unclaimed Deposits: Gateway to Access Information,” is an initiative by the RBI to help citizens reclaim their unclaimed funds. Often, bank accounts or fixed deposits remain untouched for various reasons, such as the account holder’s demise or simply forgetting about an old account. After 10 years of inactivity, these funds are transferred to the RBI. The UDGAM Portal serves as a bridge, allowing individuals to check for any unclaimed deposits and retrieve them.
Key Highlights of the UDGAM Portal
| Feature | Description |
|---|---|
| Initiative Name | Unclaimed Deposits – Gateway to Access Information |
| Launched By | Reserve Bank of India |
| Launch Date | 17 August 2023 |
| Main Purpose | To provide information about unclaimed deposits |
| Associated Banks | Initially 7, with more to join soon |
| Official Website | udgam.rbi.org.in |
Benefits of Using the UDGAM Portal
RBI UDGAM Portal Registration: The UDGAM Portal offers numerous advantages. Primarily, it aids in discovering forgotten deposits and claiming funds that individuals might not even be aware of. It’s a step towards financial transparency, ensuring citizens can access their rightful money. Additionally, the portal can help reactivate dormant accounts, ensuring funds are not just idle.
Participating Banks in UDGAM 2023
RBI UDGAM Portal Registration: As of now, seven major banks are part of the UDGAM initiative. These include the State Bank of India, Punjab National Bank, Central Bank of India, Dhanlaxmi Bank Ltd., South Indian Bank Ltd., DBS Bank India Ltd., and CitiBank. More banks are expected to join this initiative soon, expanding the portal’s reach.
| UDGAM Portal Key Dates | Description |
|---|---|
| Portal Launch Date | 17 August 2023 |
| Registration Start Date | 18 August 2023 |
| Required Documents for UDGAM Registration | Description |
|---|---|
| PAN Number | Essential for identity verification |
| Aadhar Number | Mandatory for Indian citizens |
| Other IDs | Driving License, Voter ID, Passport Number |
RBI UDGAM Portal 2023
- UDGAM Portal Overview: A centralized platform to check and claim unclaimed deposits.
- Easy Registration: Simple sign-up process using basic details.
- Search Across Banks: Initially, search seven major banks with more to join soon.
- Claim Process: Unclaimed funds can be transferred to active bank accounts after verification.
How to Register and Claim on UDGAM Portal?
RBI UDGAM Portal Register: Registering on the UDGAM Portal is straightforward. Users must visit the official website, click the registration tab, and provide essential details like name, mobile number, and PAN. After successful registration, users can log in, search for their unclaimed deposits across participating banks, and initiate the claim process.
Benefits Of The UDGAM Portal
- Centralized Access:
- The portal offers a one-stop solution, allowing users to easily locate and access unclaimed deposits from various banks all in one place, eliminating the need to check multiple bank websites.
- Ease of Use:
- With a user-friendly interface, UDGAM simplifies searching for dormant deposits. Its registration and verification process is also straightforward, making it convenient even for those not tech-savvy.
- Promotes Transparency:
- UDGAM brings more transparency to the banking sector by displaying accurate and updated information on unclaimed deposits. Users can trust the information presented and proceed with the claiming process.
- Financial Inclusivity:
- By helping people discover their forgotten or unknown deposits, the portal ensures that individuals get back what is rightfully theirs, fostering financial awareness and inclusivity.
- Saves Time and Effort:
- Instead of physically visiting bank branches or navigating through multiple bank websites, users can effortlessly search and claim their unclaimed deposits from the comfort of their homes, making the entire process efficient and time-saving.
How To Claim Your Unclaimed Deposits Through The UDGAM Portal
Go to the UDGAM website: https://udgam.rbi.org.in/unclaimed-deposits/#/register.
- Register: Provide your phone number and name.
- Create a Password: Set a secure password for your account.
- Input Captcha: Enter the displayed Captcha code for verification.
- Checkbox: Check the provided checkbox to agree to terms or other requirements.
- Proceed: Click on the “Next” button to move forward.
- OTP Verification: Enter the OTP (One-Time Password) sent to your phone to verify your registration.
How To Check Unclaimed Deposits In Banks Via RBI’s UDGAM Portal
- Step 1: Visit the Website
- Go to the website: https://udgam.rbi.org.in/unclaimed-deposits/#/login
- Step 2: Provide Your Details
- Enter your phone number, password, and captcha code.
- Input the received OTP (One-Time Password).
- Step 3: Complete Account Holder Information
- On the next page, fill in the mandatory field: Name of Account Holder.
- Choose your bank from the provided list.
Step 4: Enter the Search Criteria
- Provide at least one piece of information from the following search criteria:
- PAN (Permanent Account Number)
- Voter ID
- Driving License Number
- Passport Number
- Date of Birth
- Step 5: Initiate the Search
- Click on the search option.
- The system will display any unclaimed deposit accounts associated with the provided information.
Step 6: Select Unclaimed Deposit Account Details
- Tap the arrow icon to learn more about money that belongs to you but hasn’t been collected yet.
- Upon selecting the account, a new option will appear.
- Here, you can see all the details related to the account.
- View the account-related information provided below.
Step 7: EXPORT PDF
- Save the PDF file displayed by exporting it.
- After exporting the PDF files, choose a bank.
- Once you select the bank, you’ll be redirected to their official website.
Step 8: Report Your Unclaim Deposit To The Bank
- Since you’ve been redirected to the bank’s official website, you need to inform the bank that your Unclaim Deposit in the bank is what you want to claim. On Udgam.Rbi.Org
- You can find out about this process by visiting the bank’s official website, calling the helpline number, or even going to the bank offline.
Contact Details
If you want more information or have any questions about the RBI Udgam Portal, you can get in touch using the contact info provided below:
UDGAM Support Team: [email protected] , Udgam.Rbi.Org
Safety and Security on UDGAM Portal
The UDGAM Portal, backed by the RBI, ensures top-notch security for its users. All personal information and transaction details are encrypted, ensuring data privacy and protection against potential threats.
The Vision Behind UDGAM Portal
The primary aim of the UDGAM Portal is to enhance financial transparency and empower citizens. By providing a platform to claim unclaimed funds, the RBI ensures that individuals can access their rightful money, promoting trust in the banking system.
Future Prospects of the UDGAM Portal
With the initial success and positive reception of the UDGAM Portal, there’s potential for more banks to join the initiative. This expansion will make the portal even more comprehensive, ensuring a larger population can benefit.
Conclusion:
The UDGAM Portal 2023 is a commendable initiative by the RBI, bridging the gap between individuals and their unclaimed deposits. As more people become aware of this platform and more banks join the initiative, it’s poised to bring about significant positive change in the banking sector.
FAQ
The portal aims to provide information about unclaimed deposits and help individuals claim them.
Initially, seven major banks are part of the initiative, with more expected to join soon. Udgam.Rbi.Org
The official UDGAM Portal can be accessed at udgam.rbi.org.in. RBI UDGAM Portal Register, RBI UDGAM Portal Registration
