Unclaimed 14 Crore Rupees Transferred to RBI: How to Reclaim Your Funds Online

• Approximately 14 crore rupees from dormant bank accounts in Chitrakoot, UP, have been transferred to the Reserve Bank of India (RBI).
• Over 41,000 accounts in Chitrakoot had no transactions for more than 10 years, holding around 15 crore rupees.
• A three-month campaign by Indian Bank Chitrakoot identified account holders, returning about 1 crore rupees to 150 individuals or their heirs.
• Many dormant accounts belong to deceased individuals or those who have moved out of the district, posing a challenge for banks.
• Heirs or account holders can reclaim their money through the RBI's UDGAM portal by searching with their mobile number and name, then completing an online application.

Why It Matters: Unclaimed funds from dormant bank accounts are transferred to RBI, but can be reclaimed online via the UDGAM portal.