The Reserve Bank of India (RBI) has recently released a set of frequently asked questions to help depositors in claiming unclaimed deposits through the UDGAM portal (Unclaimed Deposits Gateway To Access Information). Udgam is a…
The shares, dividends, and debentures that have remained unclaimed for seven years or more get transferred to the Investor Education and Protection Fund (IEPF), a repository set up under the Companies Act of 1956. Deposits…
The data revealed in the Parliament on Dec 19 showed that the total unclaimed deposits with banks amount to ₹42,270 crore in fiscal 2023, 28 percent higher than the last year data. A substantial portion…