RBI: Reclaim Your Forgotten Bank Account Money with Easy Steps
Personal Finance
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News1807-12-2025, 07:52

RBI: Reclaim Your Forgotten Bank Account Money with Easy Steps

  • RBI is helping individuals reclaim forgotten money from old bank accounts, including interest.
  • Accounts inactive for 2-10 years are inoperative; deposits unclaimed for over 10 years go to RBI's Depositor Education and Awareness Fund (DEAF) but can still be claimed.
  • Special camps will be organized by RBI from October to December 2025 to assist with claiming unclaimed deposits.
  • The UDGAM portal (udgam.rbi.org.in) allows users to find unclaimed deposits across 30 banks on a single platform.
  • To reclaim funds, visit any branch of your bank, submit KYC documents, and await verification for the money to be transferred back.

Why It Matters: You can reclaim forgotten bank deposits and earned interest easily.

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