{"id":14056,"date":"2023-08-17T09:06:21","date_gmt":"2023-08-17T03:36:21","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=14056"},"modified":"2025-04-02T09:33:40","modified_gmt":"2025-04-02T04:03:40","slug":"udgam-portal-unclaimed-deposits-gateway-to-access-information","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/udgam-portal-unclaimed-deposits-gateway-to-access-information\/","title":{"rendered":"UDGAM Portal (Unclaimed Deposits \u2013 Gateway to Access inforMation)"},"content":{"rendered":"<h2><strong>About UDGAM Portal<\/strong><\/h2>\n<p>&nbsp;<\/p>\n<ul>\n<li>It has been <strong>developed by RBI<\/strong> <strong>for use by members of public <\/strong>to facilitate and make it easier for them <strong>to search their unclaimed deposits across multiple banks at one place<\/strong>.<\/li>\n<li><strong>Reserve Bank Information Technology Pvt Ltd (ReBIT<\/strong>), <strong>Indian Financial Technology &amp; Allied Services (IFTAS),<\/strong> and <strong>participating banks have collaborated<\/strong> <strong>on developing<\/strong> the portal.<\/li>\n<li>The portal will <strong>enable users to either claim the deposit amount or make their deposit accounts operative <\/strong>at their respective banks.<\/li>\n<li><strong>Procedure<\/strong>:\n<ul>\n<li>Customers can <strong>register on the &#8216;Udgam&#8217; platform using their mobile number<\/strong>.<\/li>\n<li>Once registered, <strong>they can search for unclaimed deposits under their<\/strong> <strong>name<\/strong> and provide additional inputs such as PAN, voter ID, driving licence and passport number.<\/li>\n<li>Customers can <strong>then retrieve their deposits by completing a KYC process<\/strong> with their branch.<\/li>\n<li><strong>In case the deposit-holder has passed away, their nominee will be required<\/strong> <strong>to submit documents.<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3>\u00a0<\/h3>\n<h3>What are Unclaimed Deposits?<\/h3>\n<ul>\n<li>According to RBI, &#8220;Unclaimed Deposits&#8221; <strong>refers to funds held in savings or current accounts that have remained inactive for a duration of 10 years<\/strong>, or in the case of <strong>fixed deposits (FDs), have not been withdrawn within 10 years from the maturity date.<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n<h3>Q1)\u00a0What is the Reserve Bank Information Technology Pvt Ltd (ReBIT)?<\/h3>\n<p>Reserve Bank Information Technology Private Limited (ReBIT) is a wholly-owned subsidiary of the Reserve Bank of India (RBI) established to provide IT and cybersecurity services to the RBI and other financial institutions. ReBIT plays a crucial role in enhancing the technological capabilities and cybersecurity infrastructure of the Indian banking and financial sector.<\/p>\n<p><strong>Source:<\/strong>\u00a0<a href=\"https:\/\/www.thehindu.com\/business\/rbi-unveils-udgam-portal-for-search-of-unclaimed-deposits\/article67206262.ece\" target=\"_blank\" rel=\"nofollow noopener\"><u>RBI unveils UDGAM portal for search of unclaimed deposits<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>UDGAM Portal has been developed by RBI to facilitate and make it easier for users to search their unclaimed deposits across multiple banks at one place.<\/p>\n","protected":false},"author":5,"featured_media":14057,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-14056","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/14056","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=14056"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/14056\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/14057"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=14056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=14056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=14056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}