RBI Launches 'Udgami' Portal to Track Unclaimed Deposits
The Reserve Bank of India (RBI) has launched a centralized web portal named 'Udgami' to help citizens search and claim their long-pending unclaimed deposits.
2-Minute Summary (TL;DR)
- Portal Name: Udgami.
- Launched by: Reserve Bank of India (RBI).
- Purpose: To search and claim unclaimed bank deposits.
- Unclaimed deposits are those not operated for 10 years or more.
How This Topic is Tested in Competitive Exams
| Exam | Frequency | Approx. Marks | What Gets Asked |
|---|---|---|---|
| Banking (IBPS / SBI) | Very High | 6–10 | RBI policy, inflation, CRR/SLR, monetary committee decisions — banking exams test the full spectrum. |
| SSC (CGL / CHSL / MTS) | Medium | 2–4 | Budget highlights, GDP data, and government economic schemes appear in SSC CGL GK section. |
| State PCS / PSC | High | 4–8 | State budget, MSME, agriculture policy, and banking data are common in state PCS papers. |
What to Memorize from This Topic
- Key budget figures: fiscal deficit %, GDP growth projection, key scheme allocations
- RBI rate decisions: Repo rate, CRR, SLR, Reverse Repo — current values
- Rankings: India's position in ease of doing business, hunger index, HDI
- Abbreviations: FRBM, NBFC, MPC, PMGSY, PMGKAY — full forms and purpose
- Trade data: import-export balance, major trading partners
Practice Questions
Q1. What is the name of the RBI portal launched to track unclaimed deposits?
- Dhan-Sanchay
- Udgami
- E-Kuber
- Sachet
Explanation: The RBI launched the 'Udgami' portal for searching unclaimed deposits across banks.
Q2. After how many years of inactivity is a bank deposit usually classified as 'unclaimed'?
- 5 years
- 7 years
- 10 years
- 12 years
Explanation: Deposits in accounts that have not been operated for 10 years or more are classified as unclaimed deposits.
How to Prepare Economy & Finance for Government Exams
Track current Repo Rate, Inflation rate, and GDP growth. These three numbers appear in almost every banking exam.
Keep a running note of new schemes with their ministry, launch date, and target beneficiary group.
Focus on the Economic Survey and Union Budget highlights — these single documents generate dozens of exam questions.
Related Current Affairs
Test Your Knowledge on Today's Current Affairs
10 questions · 10 minutes · Based on today's GK updates. See how prepared you really are.
Start Daily Quiz