A new Bill proposes changes to the Banking Regulation Act to facilitate a large number of nominees for payment of depositors’ money,...
The amount with the Depositor Education and Awareness Fund stood at Rs 62,225 crore at the end of March 2023. Unclaimed deposits...
All unclaimed deposits/accounts are part of the Depositor Education and Awareness (DEA) Fund of the RBI. Reserve Bank of India (RBI) said...
New Delhi: The Reserve Bank of India (RBI) has introduced a centralised web portal named UDGAM (Unclaimed Deposits – Gateway to Access Information),...
The RBI circular is applicable to all Commercial Banks (including RRBs) and all Co-operative Banks. New Delhi: The Reserve Bank of India...
Unclaimed deposits with the banks increased 28 per cent in the 2022-23 fiscal year, the Parliament was told on Tuesday. The unclaimed...
The search facility was initially made available on the portal for seven banks and it was intimated that the facility for remaining...
MUMBAI: The RBI on Thursday added 23 more banks to UDGAM portal – a centralised database through which investors can search and...
To begin with, users would be able to access the details of their unclaimed deposits in respect of seven banks presently available...
Mumbai: The Reserve Bank of India (RBI) has launched a centralised web portal UDGAM (Unclaimed Deposits Gateway to Access inforMation) to make it...