RBI: Reclaim Your Forgotten Bank Account Money with Easy Steps

Personal Finance
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News18•07-12-2025, 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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