Is There Unclaimed Money in Your Name at the Bank? Here’s How to Check

Kokila Chokkanathan
Many people have forgotten or inactive bank accounts, fixed deposits, or insurance policies where money has been left unclaimed over the years. The good news is that india now has an easy way to find out if any unclaimed funds exist in your name through the UDGAM Portal.

Unclaimed money can include:

  • Balances in dormant or old bank accounts
  • Matured fixed deposits or recurring deposits
  • Unclaimed insurance payouts
  • Other government-related refunds or deposits
What is the UDGAM Portal?

  • UDGAM stands for Unclaimed Deposits & government Accounts Management.
  • It is a centralized platform launched by the government to help citizens check unclaimed money in banks, government schemes, and other financial institutions.
  • The portal ensures that eligible individuals can claim their money safely and directly.
How to Check If You Have Unclaimed Money

Visit the UDGAM Portal

Official website: https://udgam.gov.in

Provide Your Details

Enter your full name, date of birth, and PAN or Aadhaar.

You may also need to provide contact details for verification.

Search for Unclaimed Money

The portal will show all unclaimed amounts linked to your name across banks and government institutions.

Verify and Claim

Once you identify unclaimed money, follow the instructions on the portal to claim it.

You may need to submit ID proof and account details for verification.

Funds are usually transferred directly to your bank account after verification.

Tips to Avoid Missing Out

  • Check periodically – old accounts may accumulate unclaimed money over time.
  • Keep documents ready – Aadhaar, PAN, and bank details will make claiming faster.
  • Update contact information – ensure your phone number and email are linked to accounts.
  • Act promptly – some funds may be transferred to the Investor education and Protection Fund (IEPF) if left unclaimed for too long.
Bottom Line

With the UDGAM Portal, it’s easier than ever to track and claim money lying idle in banks or government schemes. Checking regularly ensures that you don’t miss out on money that rightfully belongs to you, helping you recover forgotten savings or benefits.

 

Disclaimer:

The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk.

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