How to Claim Unclaimed Bank Deposits in India (2025 )

 

How to Claim Unclaimed Bank Deposits in India (2025 Latest Guide)

Unclaimed bank deposits in India have crossed ₹50,000 crore, according to RBI data. Many people are unaware that they or their family members have money lying idle in old accounts or fixed deposits. If you think you or someone in your family might have an unclaimed deposit, this 2025 step-by-step guide will show you how to check and claim it easily. With the latest RBI UDGAM portal, the process is simple, quick, and 100% online.

What Are Unclaimed Bank Deposits?

Unclaimed deposits refer to money lying in bank accounts, fixed deposits (FDs), recurring deposits (RDs), or PPF accounts that haven't been operated for over 10 years. As per RBI guidelines, after 10 years of inactivity, the funds are transferred to the Depositor Education and Awareness Fund (DEAF). However, these deposits are still claimable by the rightful owners or their legal heirs.

Common Reasons Why Deposits Become Unclaimed

Many people lose access to their deposits due to:
👉 Forgetting about old accounts and FDs
👉 No nominee added to the account
👉 Death of the account holder without informing family
👉 Incomplete KYC or contact information not updated

How to Check Unclaimed Deposits Online in 2025 (RBI UDGAM Portal)

The Reserve Bank of India has launched the UDGAM (Unclaimed Deposits Gateway to Access Information) portal to make it easier for depositors and their heirs to search for unclaimed deposits across multiple banks.

Follow These Simple Steps:

1️⃣ Visit the official UDGAM website: https://udgam.rbi.org.in
2️⃣ Register using your mobile number and email ID
3️⃣ Log in and enter details like PAN, Aadhaar, or Passport Number
4️⃣ Select the banks you want to search
5️⃣ The portal will display if you have any unclaimed deposits with those banks

✅ You can also search for your family members or deceased relatives by providing their details.

How to Claim Unclaimed Deposits in India (2025 Process)

Once you’ve identified an unclaimed deposit, here’s the claim process:
✔️ Visit the concerned bank’s branch
✔️ Fill out the Unclaimed Deposit Claim Form (available at the branch or on their website)
✔️ Submit required KYC documents like PAN Card, Aadhaar Card, and Address Proof
✔️ If you are claiming on behalf of a deceased person, you’ll need to submit:

• Death Certificate

• Succession Certificate or Legal Heir Certificate

• Relationship Proof
  After verification, the bank will process your claim. Typically, the process takes about 30 working days, but it can vary.

Documents Required for Claim

📌 PAN Card
📌 Aadhaar Card
📌 Old Passbook or FD Receipt (if available)
📌 Nominee details (if already registered)
📌 Legal heir or succession certificate (if applicable)

List of Banks on RBI UDGAM Portal (Updated March 2025)

• State Bank of India (SBI)

• Punjab National Bank (PNB)

• HDFC Bank

• ICICI Bank

• Axis Bank

• Bank of Baroda

• Canara Bank

• Union Bank of India
  More banks are being added regularly, so it’s worth checking the portal frequently.

Tips to Avoid Unclaimed Accounts in the Future

✅ Update KYC and nominee details regularly
✅ Operate the account at least once every 12 months
✅ Share account information with family or trusted persons
✅ Consolidate unused or inactive bank accounts

Frequently Asked Questions (FAQs)

Q. How much money is lying unclaimed in Indian banks in 2025?
As of 2025, over ₹50,000 crore is lying unclaimed, according to the Reserve Bank of India.

Q. Can NRIs claim unclaimed deposits?
Yes, NRIs can claim unclaimed deposits by providing valid identification and claim documents.

Q. Is there any charge for claiming unclaimed deposits?
No, the entire claim process is free. RBI and banks do not charge any fee for processing claims.

Q. Can I claim deposits on behalf of my deceased parents?
Yes, legal heirs can claim deposits by submitting a death certificate and a legal heir or succession certificate.

Conclusion

Finding and claiming unclaimed bank deposits in India is now easier than ever with the RBI UDGAM portal. If you think there’s a chance you or your family might have money lying in an old bank account, it’s time to check. Don’t let your hard-earned money go unclaimed—start your search today and reclaim what’s rightfully yours.