Bank of Baroda Unclaimed Deposits: List, How to Check & Claim BoB Unclaimed Deposits?

Unclaimed deposits are bank accounts or term deposits which have not been claimed for at least a decade. Bank of Baroda (BoB) has uploaded the details of its unclaimed deposits online. Sometimes, the account owner passes away, and their family or legal heirs do not come forward to claim the money from the bank. Banks list these unclaimed deposits on their websites, including some details. They ask the public to check the list and get in touch with the bank to claim the money.

Keep reading below to learn how to claim Bank of Baroda unclaimed deposits.

What Are Bank of Baroda Unclaimed Deposits?

Bank of Baroda unclaimed deposits are money left in the bank account for a long time. This happens when people do not use their savings or current accounts for 10 years or forget to claim their fixed-term deposits within 10 years after they mature. The bank then moves this money to a fund managed by the Reserve Bank of India (RBI). If you have any unclaimed deposits, you can still get them back from the Bank of Baroda.

Even though banks and the RBI regularly tell people about these unclaimed deposits, their number is increasing. This is mostly because some accounts, like savings or current ones, stay open when the owner doesn't want to close them. Also, some people forget to claim the money from matured fixed-term deposits.

What Happens To Bank of Baroda Unclaimed Deposits?

Bank of Baroda transfers unclaimed deposits to the Reserve Bank of India’s Depositor Education and Awareness (DEA) Fund.

What Is The Total Unclaimed Amount In Bank of Baroda?

Bank of Baroda had unclaimed deposits worth Rs. 3,904 crore by the end of February 2023.

Bank of Baroda Unclaimed Deposits List

You can access the Bank of Baroda unclaimed deposits list from the UDGAM (Unclaimed Deposits Gateway to Access Information) portal. The Reserve Bank of India runs this portal.

How To Check Bank of Baroda Unclaimed Deposits List?

The Bank of Baroda unclaimed deposits list can be seen at the RBI’s UDGAM portal. Follow the following steps to access it:

Step 1: Go to the UDGAM portal.

Step 2: Firstly, you will have to create an account. So click on ‘Register’.

Step 3: Enter your mobile number, first name, last name, and password, re-enter the password for confirmation, and enter the captcha code. 

Step 4: Check the first box to agree with the ‘Disclaimer’ and RBI’s ‘Privacy Policy’. Check the second box to declare that you will use the portal for legitimate purposes and click on ‘Next’.

Step 5: You will receive an OTP on your phone. Enter it and click on ‘Register’ to complete the registration.

Step 6: Visit the UDGAM portal and log in by entering your credentials, captcha and OTP.

Step 7: Enter your name to check BoB’s unclaimed deposits.

Step 8: Go to the ‘Select Bank’ dropdown, and check the box against ‘Bank of Baroda’. 

Step 9: Enter one of the following: PAN, voter ID, driving licence number, passport number or date of birth and click on ‘Search’.

Bank of Baroda's unclaimed deposits list will be visible on the screen.

How To Claim Bank of Baroda Unclaimed Deposits?

You will have to follow the following steps to claim Bank of Baroda unclaimed deposits:

Step 1: Go to the Bank of Baroda branch where you want to make the claim.

Step 2: Fill out the claim form with all the relevant KYC details.

Step 3: Submit the KYC documents along with the filled claim form. In case you are a legal heir of the account holder, you will also have to submit a death certificate of the original account holder.

Bank of Baroda will verify your application to settle your claim.

Documents Required To Claim Bank of Baroda Unclaimed Deposits

You will have to submit the following documents to claim Bank of Baroda unclaimed deposits: 

• Passbook or term deposit receipt
• ID proof documents such as PAN card, Aadhaar card, passport, or driving licence
• Address proof documents such as an Aadhaar card, electricity bill, water bill, or house tax
• Latest photograph

BoB Unclaimed Deposits Claim Form Download

The Bank of Baroda claim form can be downloaded from the bank’s website. You can also visit your nearest branch to get a detailed understanding of the process as well as the form.

You can claim unclaimed deposits from the Bank of Baroda by submitting a claim form and KYC documents. The details of unclaimed deposits can be accessed from the RBI's UDGAM portal. Once you submit your claim, the Bank of Baroda will settle it after verifying your credentials.

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