You can find out if your family’s unclaimed amount is lying in the bank somewhere.

If any member of your family has money in a bank account. So in such cases the amount is called unclaimed amount. Which remains lying in the bank for years. According to the rules of the Reserve Bank, if there is no transaction in an account for 10 years.

So it is put in dormant or unclaimed category. Thousands of crores of rupees are deposited in such accounts across the country. Which no one has claimed. Now RBI has made it easy to find them. For this, the Reserve Bank has launched the Udgam portal.

With the help of this online platform, any person can get information about the unclaimed amount lying in banks across the country in his or his family’s name. The process for this is absolutely free, you do not have to do much fuss.

To search on the portal, only basic information like name of the account holder, date of birth and PAN number has to be given. If a match is found in bank records. So the system shows the name and details of that bank. After this a claim can be made.

To claim the amount, the family has to submit necessary documents to the bank, such as identity card, address proof and if the account holder has passed away, death certificate. After verification, the bank transfers the money to the legal claimant.

If any member in your family has an old bank account. Which no one has touched for years. So go to Udgam portal and check today itself. It is possible that your entitled amount in that account is still lying in the bank and is just a click away from you.