Indian Bank Unclaimed Deposits: List, How to Check & Claim Indian Bank Unclaimed Deposits?

Unclaimed bank deposits are money in savings/ current and Term deposit accounts that no one has used for a long time, usually ten years or more. Sometimes people forget about their old accounts, and some mishappening with the account holder can also lead to this situation. The details of Indian Bank unclaimed deposits can be found on the RBI’s UDGAM web portal. 

What are Indian Bank Unclaimed Deposits?

According to RBI, Indian Bank unclaimed deposits are savings and current accounts which have not been used for 10 years, or term deposits which have not been claimed for 10 years since maturity.

When an account becomes an unclaimed deposit,  the bank moves the money to a special account called the Depositor Education and Awareness (DEA) Fund, handled by the Reserve Bank of India. Do not worry, the money is not gone forever. If you are the owner or legal heir, you can still get the unclaimed deposit and any earned interest. Just follow the bank's steps, usually filling out a form and giving needed ID documents.

Remember, getting the money from the DEA Fund might have more steps compared to taking it directly from your active account.

What Happens To Indian Bank Unclaimed Deposits?

Unclaimed deposits in an Indian bank are money in those savings accounts, current accounts that have not been active for a decade or more and term deposits accounts that have not been touched for ten years or more after maturity. These unused funds are moved to the Depositor Education and Awareness (DEA) Fund, controlled by the Reserve Bank of India (RBI). 

Even though the funds go to the DEA Fund, people still have the right to get back their deposits from the original bank, along with any interest owed. The RBI regularly runs campaigns to let depositors know about these unclaimed deposits and how to get them back.

Indian Bank Unclaimed Deposits List

Indian Bank unclaimed deposits list can be accessed from the RBI’s UDGAM (Unclaimed Deposits Gateway to Access Information) portal. You can also visit the website of the Indian Bank to check the list for yourself.

How To Check Indian Bank Unclaimed Deposits List?

Here are the steps to follow to check the Indian Bank unclaimed deposits list by using the UDGAM portal of the Reserve Bank of India.

1. Go to the UDGAM portal.
2. Click on ‘Register’ to create an account.
3. Enter your mobile number, first name, and last name. 
4. Enter your password and re-enter it for confirmation. 
5. Enter the captcha.
6. Check 1st box to agree with the ‘Disclaimer’ and RBI’s ‘Privacy Policy’ 
7. Check the 2nd box for declaring that you will use the portal for legitimate purposes.
8. Click on ‘Next’.
9. You will receive an OTP on your phone. Enter it and click on ‘Register’ to complete the registration.
10. Visit the UDGAM portal and log in by entering your credentials and the captcha.
11. Click on ‘Next’.
12. Enter the OTP sent to your phone and click on ‘Login’.
13. Enter the account holder’s name whose unclaimed deposit you want to claim.
14. Go to the “Select Bank” dropdown, and check the box against “Indian Bank”. 
15. Enter one of the following: PAN, voter ID, driving licence number, passport number or date of birth
16. Click on ‘Search’.

The list of Indian Bank unclaimed deposits will be shown on the screen.

How To Claim Indian Bank Unclaimed Deposits?

Here are the steps you will have to follow to claim your Indian Bank unclaimed deposits.

1. Visit the Indian Bank branch where you want to start the claim.
2. Fill up the claim form with all the relevant KYC details.
3. Submit KYC documents and the filled claim form. If you are a legal heir, you will also need to submit a death certificate of the original account holder.

Indian Bank will verify your credentials by using the documents and claim form submitted by you. Once your application is processed, your claim will be settled.

Documents Required To Claim Indian Bank Unclaimed Deposits

You need to submit the following documents for claiming Indian Bank unclaimed deposits.

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

Indian Bank Unclaimed Deposits Claim Form Download

Here are the steps you will have to follow to download Indian Bank unclaimed deposits claim form.

1. Visit the website of Indian Bank.
2. Move the cursor to the 'Customer Corner' dropdown and click on 'Process for Claiming Unclaimed Deposit Transferred to DEAF'

3. Click on ‘Claim Form’.

Now you can download or print the claim form.

Final Words

You can find details of Indian Bank unclaimed deposits on the RBI’s UDGAM portal. Once you have all the information, you can visit the Indian Bank branch where you want to make the claim. Upon submitting a claim form with relevant documents, the bank officials will verify your credentials to settle your claims.

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