UDGAM by RBI: Step by step guide to search for your unclaimed deposits

The Reserve Bank of India (RBI) has released a website called UDGAM (Unclaimed Deposits — Gateway to Access Information). Its intention is to make it smooth for the public to discover any deposits they or their families might have forgotten. It could be claimed as one’s own deposits or as heirs to deposits left by ancestors.

Unclaimed deposits mostly happen because sometimes we may not close savings or current accounts when we no longer need them. It also occurs when we forget to collect money from banks after fixed deposits mature. Another situation arises when someone passes away, and the family is not aware of these deposits and hence are not in a position to claim them.

When you use the RBI UDGAM Portal, you’ll be able to see information about unclaimed deposits in seven banks at one go. These banks are SBI, Punjab National Bank, Central Bank of India, Dhanlaxmi Bank, South Indian Bank, and DBS Bank India. Citibank is also available on the portal for organizations, not individuals. More banks will be added in the future.

Here’s a step-by-step guide on how to use UDGAM and check if you have any unclaimed deposits (either your own, or of your ancestors which you can claim as heirs.) You can find the link to log in to the RBI UDGAM Portal at the end of this article.

How to use UDGAM and claim your Unclaimed Deposits

1.Register with your mobile number, name, and password.

2.Login with your mobile number, password and OTP.

3.Search for unclaimed deposits using various methods

4.Name of the account holder is mandatory: Do try various permutations and combinations of names. If there is a possibility of the name having common different spellings, use those also

E.g. If you are searching for any unclaimed deposits left by your late father Shri P K Goyal for which you are a legal heir:- search with various combinations of the name: Praveen Kumar Goyal, Praveen Goyal, P K Goyal,P K Goel, Praveen Kumar Goel, Praveen Goel.