Bank of Maharashtra Unclaimed Deposits: List, How to Check & Claim BOM Unclaimed Deposits?

UD or Unclaimed Deposits refers to the non-closure of savings or current accounts. It also includes term deposits that have not been claimed for a certain period after its maturity. You must know that if you are a nominee, legal heir or a distant relative of the depositor, you can still opt for claiming the deposit amount, along with the applicable interests. The Bank of Maharashtra implements a convenient yet systematic process for its customers to help them claim the Unclaimed Deposits.

What are the Bank of Maharashtra's Unclaimed Deposits?

The Maharashtra Bank Unclaimed Deposits are the current or savings accounts that have not been operated for more than ten years. It also refers to the term deposits that have not been claimed even after 10 years from the date of their maturity.

These deposits have been unclaimed and are thus called forgotten or dormant accounts. Situations like these arise when the legal heirs or nominees of the depositor do not come forward to claim the fund for several years.

The Bank of Maharashtra hosts a list of Unclaimed Deposits on their official website. It is a systematic way to help individuals identify their dormant accounts by entering a few details regarding the account. They can identify their accounts this way and approach the bank to claim the deposits.

Total Unclaimed Amount in the Bank of Maharashtra

The Bank of Maharashtra ranks among the most reputed public sector banks in India with around 30 million customers and 2263 branches. When you talk about the total amount of Unclaimed Deposits, there are Rs. 481.27 Crores, remaining unclaimed in their banks. Besides, the total number of accounts of Unclaimed Deposits is 1022314 in the bank (as of 31st December 2020).

What Happens to BOM Unclaimed Deposits?

Maharashtra Bank unclaimed deposits are transferred to the Depositor Education and Awareness Fund (DEAF). These are then maintained by the Reserve Bank of India. However, you can claim the Unclaimed Deposits of the Bank of Maharashtra at a later date along with its interest.

Bank of Maharashtra Unclaimed Deposits List

You can get access to the list of Unclaimed Deposits of the Bank of Maharashtra by visiting their official website. 

How to Check Bank of Maharashtra Unclaimed Deposits List?

You can check the Bank of Maharashtra Unclaimed Deposit by proceeding in a few simple steps as given below:

1. Visit the official website of UDGAM.
2. Click on the “Register” option to create your account.
3. Provide the required details which include your mobile number, first name, last name etc.
4. Enter your password in the specified place. 
5. Enter the captcha code as shown.
6. You need to tick two boxes to agree with the “Disclaimer” and RBI’s “Privacy Policy”, that says you would use the portal for legitimate purposes.
7. Click on the “Next” button and you will receive an OTP on your registered mobile number.
8. Enter the OTP you received and click on “Register” to complete the registration process.
9. Now navigate to the UDGAM portal again and log in to the account you created by entering your credentials and the given captcha code.
10. Click on the “Next” button.
11. Provide the account holder’s name whose Unclaimed Deposit you are entitled to claim.
12. Select the “Select Bank” option, and click on “All”.
13. Enter any one of the given options which include PAN, voter ID, driving licence number, passport number or date of birth
14. Click on the “Search” option.

How to Claim Bank of Maharashtra Unclaimed Deposits?

You can claim the Bank of Maharashtra Unclaimed Deposits by following a few simple steps as given below:

1. Visit the Bank of Maharashtra in person where you would like to make the claim.
2. You need to submit a duly filled claim form with the relevant details as asked.
3. Submit the claim form along with the KYC documents. You may need to submit the death certificate of the account holder and related documents if you are a legal heir of the depositor.

The Bank of Maharashtra will conduct a thorough verification process to check the authenticity of the documents and will release the payment to the claimant. Once the customer receives the payment, it lodges a claim with the Reserve Bank of India in order to get a refund from the Depositor Education and Awareness Fund, to settle the claim.

Documents required for BOM Unclaimed Deposits

Some of the documents that are required to claim the BOM Unclaimed Deposits are as follows:

1. Original passbook or the receipt of term deposit.
2. Latest valid KYC documents.
3. Identity proofs such as PAN card, Aadhaar card, passport, or driving licence.
4. Recent passport-size photo.

Please note that you need to submit these documents to the BOM branch in person along with the duly filled claim form.

BOM Unclaimed Deposits Claim Form Download

To download the Bank of Maharashtra Unclaimed Deposits claim form, you need to visit the official website of the bank and navigate to the claim form download option.

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