RBI Urges Banks To Step Up Efforts To Return Crores In Unclaimed Deposits
The RBI’s initiative will target areas with lower literacy and awareness levels with localised publicity in various languages via print and electronic media. State Level Bank Committees (SLBCs) will analyse unclaimed-deposit data by age profile and bucket-wise concentration to provide a more localised analysis, with special efforts to trace them and settle the deposits.
Sep 24, 2025, 13:58 PM IST
Rs 67,000 Crore Lying As Unclaimed Deposits With Banks; RBI Urges Lenders To Return Them To Rightful Owners
Unclaimed deposits include dormant savings accounts and current accounts, matured term deposits, uncollected dividends, interest warrants, and insurance proceeds.
Sep 24, 2025, 12:27 PM IST
Over 8 Lakh People Reclaim Unclaimed Deposits Through UDGAM: Discover How You Can Unlock Your Lost Bank Deposits Now
The Reserve Bank of India (RBI) classifies bank balances inactive for ten years as unclaimed deposits, transferring them to the Depositor Education and Awareness (DEA) fund, though these funds can still be claimed. To facilitate this, RBI launched the UDGAM portal, a centralized online platform where registered users can search unclaimed deposits across multiple banks. Users provide account holder details and official ID to access information, including the Unclaimed Deposit Reference Number (UDRN). The portal links to banks’ websites for claim procedures. As of July 2025, over 859,000 users had registered, helping streamline the recovery of unclaimed funds.
Aug 01, 2025, 12:23 PM IST
RBI To Target Unclaimed Money In Banks’ Accounts, FDs From June 1; Check How To Claim It?
Beginning on June 1, 2023, banks will commence their participation in the '100 Days 100 Pays' campaign. This campaign aims to expedite the process of identifying and locating the owners or claimants of unclaimed deposits.
May 20, 2023, 16:08 PM IST
DNA: Special report on the country's unclaimed treasure
Billions of rupees are left unclaimed in the banks of our country and its owners do not want to take it back. Therefore, now the Reserve Bank will find out such people by running a campaign and then their money will be returned to them.
Aug 20, 2022, 00:14 AM IST
Give names of unclaimed deposit a/c on website: RBI to banks
In a bid to help people who have unclaimed deposits lying with banks, RBI today directed banks to prominently display such account holders' names on the websites and provide them with a "Find" option to locate the information easily.
Feb 02, 2015, 18:22 PM IST
Over Rs 5,000 cr lying unclaimed with banks
Banks had Rs 5,124 crore in unclaimed deposits lying with them as of December 31, 2013, Parliament was informed Tuesday.
Jul 08, 2014, 18:51 PM IST