According to the data of the Reserve Bank, an amount of Rs 35 thousand crores is lying unclaimed with the banks in the country. This portal has been started only to return it back.
The special portal created to hand over unclaimed amounts lying with banks to their owners has been expanded. The Reserve Bank has given this information today. According to the information given, the number of banks present on the special portal created to detect unclaimed amount has been increased from 7 to 30. With this, 90 percent of the total unclaimed amount has come within the scope of search.
What did the Reserve Bank say?
In a release, the Reserve Bank said that on August 17, 2023, the Reserve Bank of India had started a centralized web portal Udgam i.e. Unclaimed Deposit Gateway to access information. So that customers can get information about their unclaimed amount from many banks at one place. Initially 7 banks were included on this portal and it was said that by October 15, many more banks will be brought on this portal. Now 30 banks have been included on this portal. With these banks, 90 percent of the unclaimed deposits (in value) in the Depositors Education and Awareness Fund have been covered through the portal.
Which banks are included in the portal?
According to the list of Reserve Bank, State Bank of India, PNB, Central Bank of India, Dhanlaxmi Bank, South Indian Bank, DBS Bank, Citibank, Canara Bank, Bank of India, Bank of Baroda, Indian Bank, Union Bank of India, HDFC. Bank, Federal Bank, Kotak Mahindra Bank, ICICI Bank, UCO Bank, Bank of Maharashtra, IDBI Bank, Jammu & Kashmir Bank, Punjab & Sindh Bank, Axis Bank, Indian Overseas Bank, Standard Chartered Bank, HSBC Bank, Karnataka Bank, Karur Vysya Bank, Saraswat Co-operative Bank, IndusInd Bank, Tamilnad Mercantile Bank are included.
How will the portal work
According to the data of the Reserve Bank, an amount of Rs 35 thousand crores is lying unclaimed with the banks in the country. To return it back, this portal has been started where account holders can register themselves, get information about their account and its amount and can claim that money.