RBI Udgam Portal Apply Online & Registration Form | RBI Udgam Portal Check Empanelled Banks & Timelines | RBI Udgam Portal Check Features & Benefits | RBI Udgam Portal Check Delegated Bodies & Documents | RBI Udgam Portal Check Eligibility & All Details |
The Reserve Bank of India has created a central portal called RBI Udgam Portal where banks can find information about unclaimed deposits. This portal was made available to the public on 17 August 2023. To access the benefits of this portal, you need to sign up on the website and complete your registration within the given timeframe. The portal contains information from seven banks and provides details.
Through this article, we will provide you with all types of information about the RBI Udgam Portal 2023 like purpose, Eligibility Criteria, Benefits, Features, important documents, etc. Apart from this, we will share with you the process to apply online for this portal. To get complete information about this portal, read this article till the end.
RBI Udgam Portal
The Reserve Bank of India has launched the RBI Udgam Portal where people can check if they have any unclaimed deposits in different banks. These deposits have been untouched for over 10 years and the RBI is raising awareness to help people claim them. The website brings all these deposits together in one place for easy access and retrieval by the public.
The RBI UDGAM Portal is now available for people to find their forgotten money in banks. Seven banks are currently participating, but more banks will be added soon. Users can sign up on the portal to see how much forgotten money they have and choose to use it or transfer it to their active account.
Highlights Of RBI Udgam Portal
The highlights of this portal are as follows:-
| Name Of The Portal | RBI Udgam Portal |
| Launched By | Reserve Bank of India |
| Delegated Ministry | Ministry of Electronics & Information Technology |
| Objective | To provide easy access and retrieval by the public |
| Benefit | Depositors will be able to access details for seven banks |
| Applicable To | Citizens of India |
| Beneficiaries | Bank Accountholders |
| Beneficiary Categories | Applicants wanting to claim deposit amounts |
| Form of Benefit | Facilitation of Unclaimed Deposits |
| Hosting Site | National Information Center (NIC) |
| Mode Of Application | Online |
| Last Date To Apply Online | Will be updated soon |
| Official Website | Will be updated soon |
Objectives Of RBI Udgam Portal
The major objective of launching the RBI Udgam Portal is to help users identify any unclaimed deposits or accounts that they may have. This will allow individuals to either claim the deposit amount or make their deposit accounts operational at their respective banks. One can apply online before the last date.
Another objective of launching the RBI Udgam Portal is to streamline the process and make it easier for account holders and the general public to search for their old accounts that have been inactive or dormant for many years. The portal currently provides details for seven banks, with more banks being added gradually.
RBI UDGAM Portal Timelines
The timelines of this portal are as follows:-
| Event | Date |
| Proposal of the web portal | 6th April 2023 |
| Udgam web portal to launch soon | 15th October 2023 |
RBI UDGAM Portal Empanelled Banks
The list of empanelled banks is as follows:-
- Central Bank of India
- DBS Bank India Limited
- Dhanlaxmi Bank Limited
- Punjab National Bank
- South Indian Bank Limited
- State Bank of India
Delegated Bodies
The list of delegated bodies is as follows:-
- Reserve Bank Information Technology Pvt Ltd (ReBIT)
- Indian Financial Technology & Allied Services (IFTAS),
- Any Other Participating Banks
RBI UDGAM Portal for Finding Inactive Accounts
RBI launched the UDGAM portal to help people find their old inactive bank accounts transferred to the DEAF of the RBI. It follows the “100 days 100 pays” campaign where banks were asked to find and assist the top 100 unclaimed account holders. This provides an easy-to-use platform for account holders and the public to search for their accounts.
Bringing Unclaimed Deposits Together
UDGAM serves as a centralized platform where individuals can find information about their unclaimed deposits from various banks. It aims to consolidate these deposits, which have been untouched for over 10 years, and make them easily accessible to their rightful owners so this portal will redress the issues of unclaimed deposits.
RBI UDGAM Portal Promoting Awareness
Due to the substantial number of unclaimed deposits, the RBI has initiated awareness programs to inform the public about these funds. The article emphasizes the importance of informing individuals about the existence of such deposits and the need to claim them. This will promote awareness.
Functionality of UDGAM Portal
The UDGAM Portal allows individuals to search for forgotten money in seven participating banks. Additional banks will be included from October 15, 2023. Users can view the amount of unclaimed money they have and choose to either utilize it or transfer it to their active accounts. This way can retrieve the money of the depositors.
Registration & Updates
To utilize the UDGAM Portal, users are required to complete a registration process. This paragraph informs readers about the ongoing registration and encourages them to sign up. Additionally, users are encouraged to stay updated with the latest news and developments related to the portal. Updates will be notified via this portal.
Benefits Of RBI UDGAM Portal
The benefits of this portal are as follows:-
- This portal will allow individuals to either claim the deposit amount.
- This portal will provide details for seven banks.
- This provides an easy-to-use platform for account holders.
- In this portal, the issues of unclaimed deposits will get redressed.
- This portal will also emphasize the importance of informing individuals about the existence of such deposits.
- Latest news and developments will be provided to the applicants.
Features Of RBI UDGAM Portal
The features of this portal are as follows:-
- The Reserve Bank of India has launched the RBI UDGAM Portal.
- In this portal, banks can find information about unclaimed deposits.
- This portal was made available to the public on 17 August 2023.
- The website brings all these deposits together in one place for easy access and retrieval by the public.
- Users can sign up on the portal to see how much forgotten money they have and choose to use it.
- For getting more information, one can visit the official website.
RBI UDGAM Portal Eligibility Criteria
The applicants will need to attain the below-mentioned points to apply online for this scheme:-
- The applicant must be a citizen of India.
- The candidate must have opened his or her bank account in that bank that has been empanelled.
Important Documents
Some of the important documents required to apply online for this portal are as follows:-
- Aadhar Card
- Residence Certificate
- Income Certificate
- PAN Number
- Driving License
- Voter ID
- Passport Number
- Bank Account Details
- Latest Passport Size Photos
- Mobile No
- Email ID
RBI UDGAM Portal Apply Online
The applicants will need to follow the below-mentioned points to apply online for this portal:-
- Visit and open the Official Website.
- Now you will get land on the homepage.
- Click on the Register Here Tab on the screen.
- The registration form will get displayed.
- Enter your name and mobile no.
- Then create a password for your account.
- Now enter the captcha code.
- Click on the Submit button.
- Enter the received OTP.
Checking Unclaimed Deposits Amount
The applicants will need to follow the below-mentioned points to check unclaimed deposits:-
- Visit and go to the Official Website.
- Now you will get land on the homepage.
- Login to your ID.
- A new page will get displayed where you will need to enter your account holder’s name and Bank’s Name.
- Choose anyone to enter your details.
- Now click on the Search button.
- A new page will be displayed where the relevant details will get appeared.