RBI UDGAM Portal: Find Unclaimed Bank Deposits From Home and Claim Your Forgotten Money Easily
Many people are unaware that money lying in old bank accounts or fixed deposits can turn into unclaimed deposits over time. In several cases, accounts become inactive due to lack of transactions, forgotten fixed deposits, or the death of an account holder where family members are unaware of the funds. To solve this long-standing problem, the Reserve Bank of India (RBI) has launched a dedicated digital platform called the UDGAM Portal.
The UDGAM portal makes it easier for individuals to search for unclaimed money across multiple banks without visiting branches physically.
What Is the RBI UDGAM Portal?
UDGAM stands for Unclaimed Deposits Gateway to Access Information. It is a centralized online platform developed under RBI’s supervision that allows users to check details of unclaimed deposits held with various banks across India.
Earlier, people had to approach each bank individually to trace unclaimed funds. With UDGAM, this process has become simple, transparent, and time-saving, as information from multiple banks is available at one place.
What Type of Deposits Can Be Traced on UDGAM?
Through the UDGAM portal, users can search for different types of unclaimed bank balances, including:
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Savings account balances
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Fixed deposits (FDs)
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Current account balances
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Other bank deposits
Any deposit that has remained inactive for 10 years or more is generally categorized as an unclaimed deposit and can be searched on the portal.
Why Do Bank Deposits Become Unclaimed?
There are several common reasons why money remains unclaimed in banks:
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Account holders forget about old accounts or fixed deposits
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No transactions are carried out for a long period
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The account holder passes away and nominees or legal heirs are unaware
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Change in address or mobile number
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People move abroad and stop monitoring Indian bank accounts
Although the money remains safe with the bank, it eventually gets classified as unclaimed if no activity takes place for years.
How to Check Unclaimed Deposits Using the UDGAM Portal
Searching for unclaimed money through the UDGAM portal is a straightforward process. Here’s how it works:
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Visit the official UDGAM portal launched by RBI
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Enter your name, mobile number, and basic identification details
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Complete OTP-based verification
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The system displays information about possible unclaimed deposits across participating banks
Within minutes, users can find out whether any unclaimed amount exists in their name or in the name of a family member.
Does the UDGAM Portal Directly Return the Money?
It is important to understand that the UDGAM portal only provides information. It does not directly transfer money to your account.
Once you identify an unclaimed deposit, you must:
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Contact the concerned bank
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Submit a formal claim request
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Provide required documents such as identity proof, account details, or legal heir certificates (if applicable)
Each bank follows its own verification and claim process before releasing the funds.
Key Benefits of the RBI UDGAM Portal
The UDGAM portal offers several advantages to account holders and families:
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Single platform to search across multiple banks
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No need to visit different bank branches
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Saves time and effort
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Improves transparency in the banking system
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Helps families recover long-forgotten funds
This initiative also encourages people to become more aware of their financial records and maintain updated banking details.
Why UDGAM Is an Important Step by RBI
India has thousands of crores of rupees lying as unclaimed deposits across banks. By introducing the UDGAM portal, RBI aims to ensure that rightful owners or their heirs can easily trace and recover their money.
The portal strengthens trust in the banking system and aligns with RBI’s broader goal of enhancing digital access, transparency, and customer convenience.
Final Takeaway
If you suspect that you or a family member may have an old savings account or fixed deposit that has been inactive for years, the RBI UDGAM portal is the best place to start your search. It simplifies the process of locating unclaimed deposits and guides you toward recovering your money through the respective bank.
In today’s digital-first environment, UDGAM is a major step toward ensuring that no rightful money remains forgotten or unclaimed.
