RBI’s UDGAM Portal: How to Find and Claim Your Forgotten Bank Deposits
Have you ever wondered if you or your family might have money lying idle in an old bank account you forgot about? You’re not alone. According to RBI data, thousands of crores of rupees are sitting unclaimed in dormant accounts across India. To make it easier for depositors to trace and reclaim their funds, the Reserve Bank of India launched the UDGAM Portal (Unclaimed Deposits – Gateway to Access Information).
This blog will walk you through:
- What the UDGAM portal is
- Why unclaimed deposits happen
- The three pillars of the campaign (Awareness, Access, Action)
- Step-by-step guide to search and claim your money
- Documents you’ll need
- Tips to avoid future dormancy
🌐 What is the UDGAM Portal?
UDGAM is a centralised online platform created by RBI to help individuals search for unclaimed deposits across multiple banks in one place. Instead of visiting each bank separately, you can now check with just a few clicks.
👉 Unclaimed deposits are balances in savings/current accounts not operated for 10 years or more, or fixed deposits not claimed within 10 years of maturity. These amounts are transferred by banks to RBI’s Depositor Education and Awareness (DEA) Fund, but they remain yours to claim anytime.
🏦 Why Do Deposits Become “Forgotten”?
- People move cities and forget to close old accounts
- Fixed deposits mature, but no one redeems them
- Account holders pass away, and heirs are unaware of the funds
- Lack of updated contact details with the bank
📌 The Three Pillars of the UDGAM Campaign
Finance Minister Nirmala Sitharaman explained that the RBI’s campaign rests on three pillars:
- Awareness — Informing people about the existence of unclaimed money.
- Access — Providing a centralised platform through the UDGAM portal to search across banks.
- Action — Ensuring officials act even on small clues to help genuine claimants recover their funds.
👉 This framework makes the initiative more than just a portal — it’s a nationwide effort to reconnect people with their forgotten savings.
🔎 How to Search for Unclaimed Deposits on UDGAM
- Visit the official portal: UDGAM RBI Portal
- Register/Login: Create an account using your mobile number and email ID.
- Enter details: Provide your name, PAN, Aadhaar, Voter ID, or Driving Licence (any one).
- Search results: The portal will display if any unclaimed deposit is linked to your details across participating banks.
- Note bank details: If a match is found, note the bank and branch information.
📝 How to Claim Your Money
Once you’ve identified an unclaimed deposit:
- Step 1: Visit the concerned bank branch (even if it’s not your home branch).
- Step 2: Fill out the claim form provided by the bank.
- Step 3: Submit required documents (see below).
- Step 4: Bank verifies your claim, completes KYC and due diligence, then credits the amount or reactivates the account.
📂 Documents Required
For account holders:
- Valid ID proof (Aadhaar, PAN, Passport, etc.)
- Address proof
- Old passbook/FD receipt (if available)
- Claim form
For legal heirs/nominees:
- Death certificate of the account holder
- Your ID and address proof
- Proof of relationship (legal heir certificate, succession certificate, or nomination details)
- Claim form
💡 Pro Tips to Avoid Dormant Accounts in Future
- Consolidate multiple accounts into fewer active ones
- Update KYC and contact details regularly
- Set reminders for FD maturity dates
- Nominate family members in all accounts
- Use net banking/mobile banking to keep accounts active
✨ Why This Matters
Unclaimed deposits are not “lost money.” They are your rightful funds waiting to be claimed. With RBI’s UDGAM portal, the process is now transparent, centralised, and user-friendly.
📌 Final Word
The UDGAM portal is a game-changer for financial awareness in India. It empowers individuals and families to reclaim what is theirs, while also reminding us to stay vigilant about our financial records.
💬 Action for readers:
- Check the UDGAM portal today — you might discover forgotten funds.
- Share this blog with family and friends; they may benefit too.
- Bookmark our blog for more practical guides on personal finance, mutual funds, and wealth management.
🚀 Take Action Now
Don’t Let Your Money Sleep!
Step 1: Visit the official RBI UDGAM Portal and search for unclaimed deposits using your Name, PAN, or Aadhaar.
Step 2: If you find a match, note the bank and branch details, then fill out the claim form at the concerned bank.
Step 3: Submit the required documents — ID proof, address proof, and if you’re a nominee or heir, the death certificate and proof of relationship.
Step 4: The bank will verify your claim, complete KYC and due diligence, and then credit the funds or reactivate the account. Timelines vary by bank.
👉 Stay informed: Subscribe to our blog for more practical guides on personal finance, mutual funds, and RBI initiatives.
👉 Share this guide: A quick search could help your family or friends recover forgotten savings.
👉 Contact Us
FinInfinity Financial Services | Rupeezy
Call / Whatsapp: 93530 27150
Email: fininfinity.in@outlook.com
