By Admin 
Unclaimed Amount: Banks have an abandoned of Rs 78,213 crore. That is, there is no one among those claiming this amount. In such a situation, Finance Minister Nirmala Sitharaman has appealed to the banking regulators on Tuesday to return the uncured deposit to their real owners.
Unclamed amount is increasing in banks
While presiding over the 29th meeting of the Financial Stability and Development Council (FSDC), he also talked about making KYC process easier for all Indian citizens including NRIs so that transparency in the banking sector comes, it will be easy to access everyone and digitty is much better than before.
According to the new RBI data, by March 2024, the unclaimed amount in banks has increased by 26 percent over the previous year. Now this number is Rs 78,213 crore. By the end of March 2023, an amount of Rs 62,225 crore has been deposited under the Depositor Education and Awareness Fund alone. The non -claimed funds include the amount deposited in the banks as well as the share and dividends and non -claimed insurance and pension funds.
Money will be distributed by setting up camps
In view of the growing uncured amount, Finance Minister Nirmala Boundarman directed financial regulators like RBI, SEBI, MCA, PFRDA, and IRDA to set up special camps at the district level. Through this, the work of spreading unclaimed money to their right owners will be done rapidly. The meeting was attended by former Reserve Bank Governor Shaktikanta Das, SEBI President Tuhin Kanta Pandey and IFSCA President K Rajaraman, including IRDAI, PFRDA, IBBI and senior representatives of various departments of the Central Government.
How to find out the uncured amount-
- For this, first you have to go to RBI’s Udgam portal udgam.rbi.org.in.
- Click on Register here.
- Enter all the information sought here properly.
- Then set a password and fill the captcha code.
- Now enter the OTP on the phone.
- Once the registration is done, go to the Udgam portal again and login.
- Enter the name of the account holder and choose one of the banks given in the list.
- Now enter the account holder’s PAN card number, voter ID, passport or license number.
- After this, click on the search button.
- If there is an unknown deposit in your name, then your information will be given to you on the screen.
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