Recovering Lost Bank Deposits

2023 • 9min • News • Business


Published On: August 18, 2023 - Rs 35,000 crore of unclaimed deposits have been unearthed this year so far and now RBI has launched UDGAM-Uncalimed Deposits Gateway to Access Information, a web portal to help people track down their Bank deposits that remain unclaimed. The portal is for the unclaimed deposits which are transferred to the DEA (Depositor Education and Awareness) Fund maintained by the RBI. News9's Krishnakumar & Kartik Malhotra joins Ravisutanjani Kumar, Former Vice President Partnerships & Special Projects, Testbook, discuss on how UDGAM could help reduce the massive pile of money that remains unclaimed.