Dear readers in this article we will provide the information related to SBI Unclaimed Deposits list. This list encompasses funds lying dormant in various accounts held by the State Bank of India.
This collection includes dormant accounts, fixed deposits, savings accounts, and other financial assets where the account holders have not accessed their funds for an extended period.
THE SIGNIFICANCE OF THE LIST
This list acts as a public record, providing transparency about unclaimed deposits held by SBI. It serves as a tool to help individuals locate and reclaim their forgotten or overlooked assets.
The effort is part of SBI’s initiative to reunite customers with their funds through a streamlined process.
RBI’S OVERVIEW ON UNCLAIMED DEPOSITS
As of February 2023, the Reserve Bank of India (RBI) reports that Public Sector Banks (PSBs) have collectively transferred a substantial amount of Rs. 35,012 crore in unclaimed deposits.
These funds represent deposits that have remained untouched for a period exceeding 10 years.
KEY FIGURES: DR. BHAGWAD KARAD’S DISCLOSURE
Dr. Bhagwad Karad, Union Minister of State in the Ministry of Finance, disclosed this information in response to a Lok Sabha query on April 3.
This revelation underscores the substantial sum of unclaimed funds held by PSBs, emphasizing the need to reunite these funds with their rightful owners through proper procedures and awareness campaigns.
DEFINING UNCLAIMED DEPOSITS
Unclaimed deposits refer to funds lying dormant in bank accounts for over 10 years. The State Bank of India (SBI) regularly releases a list of account holders with unclaimed deposits.
Individuals can consult this roster of inactive accounts and proceed to reclaim their deposits following the prescribed procedure with the necessary documentation.
Also read: PNB Unclaimed Deposits List
BANK OF BARODA UNCLAIMED DEPOSITS LIST
RISK OF FUNDS TRANSFER TO DEAF
Failure to claim these unclaimed deposits within the stipulated time by the account holders or their beneficiaries leads to the transfer of the funds to the Depositor Education and Awareness Fund (DEAF).
The DEAF is administered by the Reserve Bank of India (RBI).
RBI’S WEB PORTAL INITIATIVE
The RBI has announced plans to create a dedicated web portal aimed at locating unclaimed deposits held across various banks.
SBI, holding the highest amount of unclaimed deposits at ₹8,086 crores, has transferred these funds to the RBI. Other major contributors include Punjab National Bank (₹5,340 crores) and Canara Bank (₹4,558 crores).
SBI UNCLAIMED DEPOSITS LIST DETAILS
 Bank Name: State Bank of India
 Article: SBI Unclaimed Deposits List
 Purpose: Promoting financial literacy and awareness among depositors
 Benefit: Unclaimed deposits will be put to productive use
 Total Amount Transferred: ₹13,274 crores
HOW TO CHECK SBI UNCLAIMED DEPOSITS LIST 2023
To check the SBI Unclaimed Deposits List, follow these steps:
- Visit the official website of State Bank of India [https://sbi.co.in/](https://sbi.co.in/).
- Navigate to the customer care section and click on the inoperative accounts link.
- Check the list for the account holder’s name and address.
- Enter your Name, Address, the provided captcha, and click on the “Submit” button.
- To claim your unclaimed deposit, visit the SBI branch where you hold an account.
Complete the “Claim Form” with all necessary details, affix your signature, and bring along required documents such as passbook, deposit receipts, recent photographs, valid identity proof, and any other relevant original documents.
- The SBI branch will handle the application for the payment of the unclaimed deposit directly.
Once the due diligence and KYC (Know Your Customer) requirements are met, the branch will release the payment amount.
SEARCH SBI UNCLAIMED DEPOSITS LIST AT RBI UDGAM PORTAL
To search the SBI Unclaimed Deposits List at the RBI UDGAM portal, follow these steps:
- Visit the Reserve Bank of India UDGAM official portal [https://udgam.rbi.org.in/](https://udgam.rbi.org.in/).
- Navigate to the login page.
- Access the login page directly using [https://udgam.rbi.org.in/unclaimeddeposits//register](https://udgam.rbi.org.in/unclaimeddeposits//register).
- Enter your Mobile Number, Name, Password, Captcha, and click on the “Next” button.
- Enter the OTP sent to your mobile number and click on the register button.
- Login at the UDGAM portal with your registered mobile number and password.
- Enter the Account Holder’s name, Bank, any one from PAN, Voter ID, Driving License, Passport, and Date of Birth. Then click on the “Search” option.
 DOCUMENTS REQUIRED TO CLAIM SBI UNCLAIMED DEPOSITS
 Statements of account
 Passbook/Term Deposit/Special Term Deposit Receipts
 PAN Number
 Valid Identity proof
 Address proof documents
 Passport Number
 Recent photographs
 Customer Acknowledgment Slip
 Copy of the death certificate of the account holder (if claimed by the legal heir/Nominee)
CONCLUSON
Understanding the SBI Unclaimed Deposits List and the procedures to reclaim forgotten funds is crucial. By following the outlined steps, individuals can navigate the process efficiently and ensure the rightful reunion with their unclaimed deposits.