India, Aug. 14 -- India has transformed the way its citizens access and use the banking system - from Jan Dhan accounts and UPI to the RBI's UDGAM platform for tracing unclaimed deposits. But the next banking reform must address a quieter problem: ensuring that savings remain connected to their rightful owners and reach their nominees or legal heirs

India's banking story over the past decade has been one of remarkable transformation. The Pradhan Mantri Jan Dhan Yojana has helped millions enter the formal financial system. Payments through the Unified Payments Interface (UPI) were a game-changer in the digital payment landscape. The Reserve Bank of India's UDGAM (Unclaimed Deposits-Gateway to Access Information) has also been a recent add...