Unclaimed Amount Archives - https://fastnewsglobe.com/tag/unclaimed-amount/ Sun, 02 Nov 2025 09:24:09 +0000 en-US hourly 1 https://wordpress.org/?v=6.9 https://i0.wp.com/fastnewsglobe.com/wp-content/uploads/2025/03/fastnewsglobe.png?fit=32%2C32&ssl=1 Unclaimed Amount Archives - https://fastnewsglobe.com/tag/unclaimed-amount/ 32 32 242798455 You can find out if your family’s unclaimed amount is lying in the bank somewhere. https://fastnewsglobe.com/you-can-find-out-if-your-familys-unclaimed-amount-is-lying-in-the-bank-somewhere/ https://fastnewsglobe.com/you-can-find-out-if-your-familys-unclaimed-amount-is-lying-in-the-bank-somewhere/#respond Sun, 02 Nov 2025 09:24:09 +0000 https://fastnewsglobe.com/you-can-find-out-if-your-familys-unclaimed-amount-is-lying-in-the-bank-somewhere/ If any member of your family has money in a bank account. So in such...

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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.

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.

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.

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 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.

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.

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.

Published at : 02 Nov 2025 12:38 PM (IST)

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]]> https://fastnewsglobe.com/you-can-find-out-if-your-familys-unclaimed-amount-is-lying-in-the-bank-somewhere/feed/ 0 104202 Finance minister nirmala sitharaman directed Financial Regulators to Deliver The Unclaimed Money in the Banking System to the Rightful Owner https://fastnewsglobe.com/finance-minister-nirmala-sitharaman-directed-financial-regulators-to-deliver-the-unclaimed-money-in-the-banking-system-to-the-rightful-owner/ https://fastnewsglobe.com/finance-minister-nirmala-sitharaman-directed-financial-regulators-to-deliver-the-unclaimed-money-in-the-banking-system-to-the-rightful-owner/#respond Wed, 11 Jun 2025 06:54:21 +0000 https://fastnewsglobe.com/finance-minister-nirmala-sitharaman-directed-financial-regulators-to-deliver-the-unclaimed-money-in-the-banking-system-to-the-rightful-owner/ Unclaimed Amount: Banks have an abandoned of Rs 78,213 crore. That is, there is no...

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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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