- By Shubham Bajpai
- Thu, 27 Nov 2025 03:34 PM (IST)
- Source:JND
To get the unclaimed financial assets lying with the banks and other financial institutions back is one of the toughest jobs in India. Over time, the issue became so bog that the total unclaimed asset in India reached an astonishing Rs 1.84 trillion. The Central government's 'Apki Punji, Apka Adhikar' scheme has been proving helpful to make such claims as it streamlines the application process to one portal - UDGAM.
What is UDGAM portal?
Launched by the Reserve Bank of India in 2023, the Unclaimed Deposits Gateway to Access Information (UDGAM) portal is a centralised platform to trace dormant accounts in multiple banks.
Earlier, the customers and their nominees had to travel to the bank. UDGAM streamlines the process.
How to register at UDGAM portal
-Visit the UDGAM website
-Register using your mobile number and name
-Create a password and enter the captcha code.
-Accept the RBI disclaimer and declare legitimate use.
-Verify using the OTP sent to your mobile
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What can be claimed?
The unclaimed deposits accumulate in the Depositors’ Education and Awareness Fund (DEAF). These deposits include dormant accounts, both savings and current, which are inactive for two years. Along woth that, the recurring or term deposits unclaimed for ten years are also transferred to the DEAF.
The amount in all of these accounts can be traced and claimed using UDGAM portal
Who can claim using UDGAM portal?
To claim the funds lying with banks, a person can visit UDGAM portal. Here are the steps:
-Visit udgam.rbi.org.in.
-For personal deposits, select the Individual tab
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-Enter the account holder’s name, bank name, and at least one other documents from, PAN, Voter ID, Driving licence, Passport number, Date of birth
-Click on 'Search'
-The result will show the details like Name, Bank and reference number.
-Click on the bank's name
-In case of match, initiate the claim by submitting identity proof.
-In case of nominees or heirs, a relationship proof will also be needed.