Unclaimed Bank Deposits Near Rs 1 Lakh Crore: How To Find Forgotten Money Via RBI UDGAM

Fo gotte
ba k
accou ts
a d
deposits
have
left
a
sizeable
pool
of
mo ey
u claimed,
with
ea ly
Rs
1
lakh
c o e
t a sfe ed
to
the
Rese ve
Ba k
of
I dia’s
Deposito
Educatio
a d
Awa e ess
(DEA)
Fu d.

Fo
people
who
may
have
old
accou ts
o
deposits
belo gi g
to
deceased
family
membe s,
the
RBI’s
UDGAM
po tal
offe s
a
way
to
check
whethe
such
mo ey
is
lyi g
u claimed
with
pa ticipati g
ba ks.

Impo ta tly,
mo ey
t a sfe ed
to
the
DEA
Fu d
is
ot
lost.
Eligible
claima ts
ca
still
app oach
the
ba k
co ce ed
a d
seek
epayme t
afte
completi g
its
claim
p ocess.

How
Much
Mo ey
Is
Lyi g
U claimed?

Fi a ce
Mi ist y
data
p ese ted
i
the
Pa liame t
showed
that
Rs
98,073
c o e
had
bee
t a sfe ed
to
the
DEA
Fu d
as
of
Ja ua y
31,
2026.
The
co espo di g
figu e
was
Rs
90,545
c o e
as
of
Ju e
30,
2025.

Sepa ately,
a othe
set
of
data
cited
i
Pa liame t
showed
Rs
86,917.08
c o e
t a sfe ed
to
the
fu d
as
of
Ju e
30,
2026.

The
figu es
have
diffe e t
epo ti g
dates
a d,
the efo e,
should
ot
be
i te p eted
as
a
co ti uous
mo th-o -mo th
se ies.

The
gove me t
has
att ibuted
u claimed
deposits
to
seve al
facto s,
i cludi g
outdated
co tact
details,
fo gotte
accou ts
a d
the
death
of
accou t
holde s.
Nomi ees
a d
legal
hei s
may
sometimes
be
u awa e
of
a
accou t
o
may
ot
have
the
docume ts
equi ed
to
make
a
claim.

Whe
Does
A
Ba k
Deposit
Become
U claimed?

A
savi gs
o
cu e t
accou t
is
ge e ally
classified
as
i ope ative
whe
the e
has
bee
o
custome -i duced
t a sactio
fo
mo e
tha
two
yea s.

If
the
deposit
emai s
u claimed
fo
10
yea s,
the
eligible
bala ce
is
t a sfe ed
by
the
ba k
to
the
RBI’s
DEA
Fu d.

The
t a sfe
does
ot
exti guish
the
claima t’s
ight
to
the
mo ey.
Custome s,
omi ees
a d
legal
hei s
ca
app oach
the
co ce ed
ba k
to
claim
eligible
deposits.

O ce
the
claim
is
settled,
the
ba k
is
eimbu sed
by
the
RBI
f om
the
DEA
Fu d.

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RBI
UDGAM
Po tal:
How
To
Fi d
Fo gotte
Deposits

The
RBI’s
UDGAM
po tal
allows
use s
to
sea ch
fo
u claimed
deposits
held
with
multiple
pa ticipati g
ba ks
th ough
a
si gle
platfo m.

The
po tal,
howeve ,
is
o ly
a
sea ch
facility.
It
does
ot
p ocess
o
settle
claims.

If
a
deposit
is
fou d,
the
claima t
must
co tact
the
ba k
co ce ed
a d
complete
its
p ocedu es
fo
submitti g
a d
settli g
the
claim.

This
ca
be
pa ticula ly
useful
fo
people
t yi g
to
t ace
accou ts
held
by
deceased
elatives,
whe e
family
membe s
may
ot
have
complete
i fo matio
about
the
pe so ‘s
ba ki g
elatio ships.

What
Ba ks
A e
Bei g
Asked
To
Do

The
RBI
has
di ected
ba ks
to
co duct
special
d ives
to
t ace
accou t
holde s,
omi ees
a d
legal
hei s
associated
with
u claimed
deposits.

Ba ks
a e
also
equi ed
to
pe iodically
publish
details
of
u claimed
deposits
o
thei
websites.

Whe e
co tact
i fo matio
is
available,
ba ks
must
commu icate
with
custome s
th ough
lette s,
email
o
SMS.
Email
a d
SMS
commu icatio s
a e
equi ed
to
be
u de take
qua te ly.

The
RBI
i t oduced
a
i ce tive
scheme
fo
ba ks
i
Octobe
2025
to
e cou age
g eate
effo ts
to
locate
ightful
claima ts.
U de
the
scheme,
ba ks
ca
eceive
5
pe
ce t
to
7.5
pe
ce t
of
the
u claimed
deposit
amou t
fo
each
successfully
settled
claim,
subject
to
a
cap.

Govt’s
Wide
D ive
To
Retu
Fo gotte
Fi a cial
Assets

The
effo t
to
ecove
u claimed
ba k
deposits
fo ms
pa t
of
a
wide
gove me t
push
cove i g
diffe e t
types
of
fi a cial
assets.

Betwee
Octobe
a d
Decembe
2025,
the
gove me t
co ducted
the
atio wide
‘You
Mo ey,
You
Right’
campaig .
Special
camps
we e
held
ac oss
748
dist icts
to
help
people
ide tify
a d
claim
fo gotte
fi a cial
assets.

Gove me t
data
showed
that
by
Feb ua y
28,
2026,
fi a cial
assets
wo th
Rs
5,777
c o e
associated
with
22.95
lakh
claims
had
bee
etu ed
to
ightful
ow e s.

The
exe cise
cove ed
ba k
deposits
as
well
as
i su a ce
p oceeds,
mutual
fu ds,
sha es
a d
divide ds.

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How
To
Reduce
The
Risk
Of
Mo ey
Becomi g
U claimed

Families
ca
check
old
ba k
accou ts
a d
deposits,
pa ticula ly
those
belo gi g
to
elatives
who
have
died.
This
ca
help
ide tify
accou ts
that
omi ees
o
legal
hei s
may
ot
k ow
about.

Keepi g
co tact
i fo matio
a d
omi atio
details
updated
with
ba ks
ca
also
help
p eve t
accou ts
f om
becomi g
difficult
to
t ace.
Mai tai i g
eleva t
ba k
eco ds
a d
successio
docume ts
ca
make
the
claim
p ocess
easie
fo
family
membe s
whe
equi ed.

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