RBI Adds 30 Banks to UDGAM Making 90% Unclaimed Deposits in ‘Depositor Education & Awareness Fund’ Accessible
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- By Chetan Kulasri
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- Last Updated on 7 October, 2023
Latest from Taxmann
Press Release: 2023-2024/1048, Dated: 05.10.2023
Earlier, the RBI launched a Centralised Web Portal UDGAM (Unclaimed Deposits Gateway to access information). This portal has been developed for use by public, making it easier to search for unclaimed deposits across multiple banks at one place. The search facility was initially made available for seven banks on the portal. Now, the search facility for 30 banks has been made available on the portal, covering around 90% of unclaimed deposits in the Depositor Education and Awareness Fund.
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