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UNCLAIMED DEPOSITS
Government launches portal to trace unclaimed bank deposits, insurance policies, mutual funds: How to access- Financial fixes and high-yield savings: Are you missing the easiest ways to save more and spend less?More than half of savers still earn under 3% interest, while many households lose around $200 yearly on unused subscriptions. These financi...
- Rs 10,000 monthly investment in post office RD vs SBI RD: Where will you get higher maturity amount in 5 years?Investing Rs 10,000 monthly in a Post Office Recurring Deposit for five years yields a higher maturity amount than an SBI RD. The Post Offi...
- Have unclaimed deposits, insurance, mutual funds? Government launches single portal to trace forgotten assetsThe Ministry of Finance has launched a new portal to help citizens find forgotten money. This initiative, called 'Your Money, Your Right', ...
- Retail central bank digital currency in circulation falls by 24% in FY26The value of retail central bank digital currency in circulation saw a significant drop of 24.08 percent in 2025-26. Despite this, the Rese...
- Government launches common landing portal for unclaimed financial assetsThe initiative is expected to enhance public awareness, improve ease of access to information and contribute to the vision of Viksit Bharat...
- From kitchen storage to recycling bins: How Deposit Refund Schemes can change India’s plastic economyIndia is exploring Deposit Refund Schemes (DRS) to tackle plastic waste, where consumers pay a small deposit on packaged products, refunded...
- RBI releases norms for banks holding non financial assetsThe Reserve Bank of India has released new draft rules. Banks can now hold specific non-financial assets only to recover bad loans. These a...
- UDGAM portal facilitates users to search unclaimed deposits across multiple banks: RBI to SCThe submissions were made before a bench of Justices Vikram Nath, Sandeep Mehta and Vijay Bishnoi which was hearing a plea filed by journal...
- Our objective is to give houses to 22,000 homebuyers of ailing Unitech: SCThe Supreme Court is pushing for a resolution for 22,000 Unitech homebuyers. The court wants suggestions from the new board, banks, and fin...
- Final call for $1,050! Millions warned payments are ending forever—are you eligible?Millions of people in California still have unused inflation relief money from COVID time. The payment ranges up to $1,050 and must be used...
- RBI imposes penalty on HSBCIn a statement, the Reserve Bank said a statutory inspection for supervisory evaluation of the bank was conducted with reference to its fin...
- More than 8 lakh people got unclaimed deposits back from bank via UDGAM: Steps to check unclaimed depositsIn India, unclaimed deposits in banks are transferred to the RBI's DEA fund after ten years. The RBI launched the UDGAM portal to help indi...
- Unclaimed deposits: How to search for unclaimed money in savings account, FDs on RBI’s UDGAM portalThere are 30 banks, which are part of UDGAM portal, and they cover around 90% of unclaimed deposits (in value terms) in Depositor Education...
- Unclaimed money in savings account, FDs: Can you settle unclaimed deposits using RBI’s UDGAM portal?UDGAM refers to Unclaimed Deposits-Gateway to Access inforMation, which is an online portal developed by RBI. Here are some important FAQs ...
- 30 banks join RBI UDGAM portal for unclaimed depositsAll unclaimed deposits/accounts that are part of the Depositor Education and Awareness (DEA) Fund of RBI can be searched in the UDGAM porta...
- IRDAI issues new circular to help speedy disbursal of unclaimed insurance moneyDue to an increase in unclaimed amounts and concerns from insurers over regulatory compliance, the Insurance Regulatory & Development Autho...
- Unclaimed deposits: How a nominee, legal heir can make a claim after death of depositorIn order for potential claimants to check the names online before going to the bank, the Reserve Bank of India has encouraged banks to publ...
- Rs 35,000 crore unclaimed deposits: Check out, your money could be lying hereA deposit is considered to be unclaimed if there has been no activity on it for ten years or longer, such as a deposit of funds or a withdr...
- RBI to develop online portal for unclaimed deposits of all banksIn order to look for unclaimed deposits that are more than ten years old, the Reserve Bank of India (RBI) has announced the of a new centra...
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