Tag: Dormant Bank Accounts
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RBI Guidelines on Unclaimed Deposits- Step-by-Step Guide to Claim Money Through the UDGAM Portal
A large number of rupees have been left unclaimed in savings accounts, current accounts, and fixed deposits at various Indian banks due to forgetfulness, changed addresses, or the nominees’ lack of knowledge of these accounts. To facilitate the search for the unclaimed amount, the Reserve Bank of India developed the UDGAM Portal (Unclaimed Deposits – ...
