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Unclaimed deposits

UDGAM Portal: RBI launches Udgam web portal to trace unclaimed deposits lying in banks

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UDGAM Portal: RBI launches Udgam web portal to trace unclaimed deposits lying in banks

RBI UDGAM Portal Launch: Thousands of crores of rupees are deposited in the banks of our country which have no claimant. In order to enable the common man to trace unclaimed deposits, the Reserve Bank of India, the regulator of the banking sector, has launched a centralized web portal named Udgam (UDGAM), by visiting which … Read more

RBI to trace unclaimed money deposited in banks, portal to be launched soon

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RBI to trace unclaimed money deposited in banks, portal to be launched soon

[ad_1] Mumbai : The Reserve Bank of India (RBI) has decided to launch a centralized portal to track unclaimed deposits in banks in India. There are a large number of such accounts in the country’s banks, in which no transaction has taken place for years. By February 2023, public sector banks have transferred such deposits … Read more