The Department of Financial Services (DFS), under the Ministry of Finance, has launched a Common Landing Portal for Unclaimed Financial Assets. The portal has been developed in collaboration with PSB Alliance to help people easily find information about their unclaimed financial assets.
The portal can be accessed at https://www.unclaimedassetsportal.in. It provides a single platform where users can search for unclaimed bank deposits, insurance claims, shares, dividends, and mutual funds. The portal was launched by DFS Secretary Shri M. Nagaraju during a review meeting of Public Sector Banks on May 29, 2026.
If an account remains inoperative for 10 years or more, then the amount is credited to the Depositor Education and Awareness (DEA) Fund.
Unclaimed deposits across Indian banks stand at over ₹72,454 crore, with over ₹78,000 crore spread across the broader financial system, including insurance and mutual funds. The Reserve Bank of India (RBI) manages these funds in a centralized Depositor Education and Awareness (DEA) Fund. Any savings, current, or fixed deposit account that remains inactive for 10 years or more is classified as an unclaimed deposit.
Now, the Government of India is making efforts to return this huge amount of unclaimed deposits to their rightful owners. To help people find such deposits, the government has launched the UDGAM portal, where individuals can check whether any unclaimed deposit belongs to them or their family members.
How many banks are part of UDGAM?
Not all banks are part of the UDGAM portal. There are 30 banks, which are part of UDGAM portal, and they cover around 90% of unclaimed deposits (in value terms).
Click here to download Handbook on unclaimed deposits
