RBI Udgam Portal 2024 : Benefits & Features, Eligibility

The Reserve Bank of India has declared that 30 banks has made easier for the people to search their unclaimed deposits/accounts through RBI UDGAM Portal, and the remaining banks are in the process of getting on-boarded. UDGAM is an online portal which is developed by RBI. This portal facilitates the registered users to search unclaimed deposits/accounts. To avail the benefits under this program, interested candidates can go through the official website at udgam.rbi.org.in. Further in this article we will provide you the detailed description about this program including Key Highlights, Objectives, Benefits & Features, Eligibility Criteria, Required Documents, Procedure to search unclaimed deposits of individuals and non individuals on UDGAM Portal, etc.

About RBI Udgam Portal

The Reserve Bank of India has developed UDGAM Portal which is an online portal, under which UDGAM stands for Unclaimed Deposits-Gateway to Access information. This portal facilitates the registered users to search unclaimed deposits/accounts across multiple banks under one platform in a centralized manner. All unclaimed deposits/accounts that are part of the Depositor Education and Awareness (DEA) Fund of RBI can be searched under the UDGAM portal. There are 30 banks as on March 4, 2024 which are part of the UDGAM portal and they cover about 90 per cent of the unclaimed deposits (in value terms) in DEA Fund of RBI. The unclaimed deposits totalled Rs. 42,270 crore as of March 2023.

Key Highlights Of RBI Udgam Portal

Name of the Article	RBI UDGAM Portal
Launched By	Reserve Bank of India
Objective	To provide the facility to the registered users to search unclaimed deposits/accounts across multiple banks under one platform in a centralised manner
Beneficiaries	Citizens of India
Benefits	To search unclaimed deposits/accounts across multiple banks under one platform
Year	2024
State	All states of India
Form of Benefit	One stop platform to search unclaimed deposits/accounts
Hosting Site	NIC (National Informatics Center)
Mode of Application	Online
Official Website	udgam.rbi.org.in

Objectives Of RBI Udgam Portal

The objectives of the programmer as follows:

• The primary objective of starting this program is to provide the facility to the registered users to search unclaimed deposits/accounts across multiple banks under one platform in a centralized manner.
• The unclaimed deposits can be claimed only from the respective bank.
• 30 banks has made easier for the people to search their unclaimed deposits/accounts under one platform and the remaining banks are in the process of getting on-boarded.

Benefits & Features Of RBI Udgam Portal

Here are some benefits & features of this program, which are as follows:

• This portal facilitates the registered users to search unclaimed deposits/accounts across multiple banks under one platform in a centralised manner.
• All unclaimed deposits/accounts that are part of the Depositor Education and Awareness (DEA) Fund of RBI can be searched under the UDGAM portal.
• There are 30 banks as on March 4, 2024 which are part of the UDGAM portal and they cover about 90 per cent of the unclaimed deposits (in value terms) in DEA Fund of RBI.
• 30 banks has made easier for the people to search their unclaimed deposits/accounts under one platform and the remaining banks are in the process of getting on-boarded.
• The unclaimed deposits totalled Rs. 42,270 crore as of March 2023.

Eligibility Criteria

To be a part of this programme you should fulfill these eligibility criteria:

• Candidates should be a citizen of India.
• Candidate should be a registered user.

Required Documents

To avail the benefits under this program, following documents are required:

• Aadhar Card
• PAN Card
• Mobile Number
• Email ID

Registration Procedure Under UDGAM Portal

To register under this portal, follow the below mentioned steps:

• Visit the Official Website at udgam.rbi.org.in.

• On homepage click on “Register” option.
• Enter the required details such as mobile number, first name, last name, password and Captcha.
• Click on the two boxes and then click on “Next” button.
• Enter the OTP you have received on your registered mobile number.
• And click on “Register” button to complete the registration procedure.

Procedure To Search Unclaimed Deposits Of Individuals And Non Individuals On UDGAM Portal

For Individuals

To search for unclaimed deposits in the individual category, a user must enter information about the account holder, the name of the bank (users can choose up to five banks) and one or more of the following five inputs: the account holder’s date of birth, permanent account number (PAN), driving licence number, voter ID number and passport number.

For Non Individuals

To search for unclaimed deposits in the non-individual category, a user must enter four inputs: the name of the authorized signatory, PAN, Corporate Identification Number (CIN) and the date of incorporation. The user may choose to enter the names of the entity and the bank.

FAQ’s