Q. UDGAM Portal, recently seen in the news, is developed by which institution?
Answer:
RBI
Notes: The Reserve Bank of India (RBI) has introduced the UDGAM portal, facilitating users to search unclaimed deposits in 30 banks, covering 90% of Depositor Education and Awareness Fund deposits. UDGAM, meaning Unclaimed Deposits-Gateway to Access inforMation, allows centralized searches for both individual and non-individual categories. Users provide specific details like account holder's name, bank name, and relevant identification for the search. This initiative aims to enhance transparency and awareness regarding unclaimed deposits in the RBI's DEA Fund.