New Delhi, May 6 -- The Reserve Bank of India (RBI) has informed the Supreme Court that 30 banks have been integrated with its Unclaimed Deposits - Gateway to Access Information (UDGAM) portal. The integration enables legal heirs to search for unclaimed deposits of deceased account holders on a single digital platform.

This submission was made before a bench of Justices Sandeep Mehta, Vikram Nath and Vijay Bishnoi during a public interest litigation (PIL) hearing on 5 May. The PIL, filed by journalist Sucheta Dalal, sought a centralised mechanism to help families track dormant financial assets more efficiently.

Launched on 17 August 2023, the UDGAM portal has already seen widespread usage, with about 44 lakh searches conducted to date. ...