The Reserve Bank of India (RBI) has announced that 30 banks have been included on the UDGAM portal, which allows individuals to search and claim unclaimed deposits. Initially launched with seven banks, the portal now covers around 90% of unclaimed deposits in the Depositor Education and Awareness (DEA) Fund. Major public sector lenders, foreign banks, and private sector lenders are included in the list. The RBI received approximately Rs 35,000 crore of unclaimed deposits from public sector banks, with SBI having the highest amount at Rs 8,086 crore.
from Banking/Finance-Industry-Economic Times https://ift.tt/fCmuFL2
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