Top
Begin typing your search above and press return to search.

RBI's UDGAM Portal entrusts 30 Banks, Including SBI, Axis, HDFC to Address Unclaimed Deposits: Check Complete Lists of Banks here [Read Press Release]

RBIs UDGAM Portal entrusts 30 Banks, Including SBI, Axis, HDFC to Address Unclaimed Deposits: Check Complete Lists of Banks here [Read Press Release]
X

The Reserve Bank of India (RBI) has assigned 30 banks with the responsibility of managing unclaimed deposits via the UDGAM portal. On August 17, 2023, the RBI Governor introduced a centralized web portal named UDGAM (Unclaimed Deposits – Gateway to Access Information). This RBI-driven initiative seeks to provide the public with an efficient means of searching for their unclaimed...


The Reserve Bank of India (RBI) has assigned 30 banks with the responsibility of managing unclaimed deposits via the UDGAM portal. On August 17, 2023, the RBI Governor introduced a centralized web portal named UDGAM (Unclaimed Deposits – Gateway to Access Information).

This RBI-driven initiative seeks to provide the public with an efficient means of searching for their unclaimed deposits across multiple banks, all within a unified platform.

Read More: RBI Launches UDGAM – a Central Portal Web Portal for searching Unclaimed Deposits

The search feature was originally launched on the portal for seven banks, and it was announced that the search functionality for the remaining banks would be gradually rolled out by October 15, 2023. RBI has informed the public that the search option for 30 banks was actually made accessible on the portal on September 28, 2023. This inclusion encompasses approximately 90% of the unclaimed deposits (in terms of value) within the Depositor Education and Awareness (DEA) Fund.

List of Banks available on UDGAM Portal

  1. State Bank of India
  2. Punjab National Bank
  3. Central Bank of India
  4. Dhanlaxmi Bank Ltd.
  5. South Indian Bank Ltd.
  6. DBS Bank India Ltd.
  7. Citibank N.A.
  8. Canara Bank
  9. Bank of India
  10. Bank of Baroda
  11. Indian Bank
  12.  Union Bank of India
  13. HDFC Bank
  14. Federal Bank
  15. Kotak Mahindra Bank
  16. ICICI Bank
  17. UCO Bank
  18. Bank of Maharashtra
  19. IDBI Bank
  20. Jammu and Kashmir Bank Ltd.
  21. Punjab and Sind Bank
  22. Axis Bank Ltd.
  23. Indian Overseas Bank
  24. Standard Chartered Bank
  25. HSBC Ltd.
  26. Karnataka Bank Ltd.
  27. The Karur Vysya Bank Ltd.
  28. Saraswat Co-operative Bank
  29. IndusInd Bank Ltd.
  30. Tamilnad Mercantile Bank Ltd.

To Read the full text of the Order CLICK HERE

Support our journalism by subscribing to Taxscan premium. Follow us on Telegram for quick updates

Next Story

Related Stories

All Rights Reserved. Copyright @2019