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RBI tells SC UDGAM portal lets people track unclaimed bank deposits across multiple banks
Business
Published on 5 May 2026
SC hears why legal heirs still struggle to learn
The Supreme Court heard a plea by journalist Sucheta Dalal seeking a mechanism to inform legal heirs of deceased depositors about dormant, unclaimed bank deposits. During the hearing, RBI submitted that the UDGAM portal enables users to search for such deposits across multiple banks, raising questions about whether it fully addresses outreach to heirs.
- SC considers a plea to notify legal heirs of deceased depositors
- Journalist Sucheta Dalal has demanded an effective information mechanism
- RBI argues UDGAM portal allows searching unclaimed deposits across banks
- The court bench weighed the adequacy of existing processes
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times