CA Bhagyashree Thakkar Guides You on Unclaimed Bank Deposits Left by Grandparents/Parents

Making Unclaimed Deposits Public

CA Bhagyashree Thakkar just released a video titled "Find out if your grandparents/parents left unclaimed deposits in the bank" that clarifies an important financial topic. She examines the procedure for determining whether unclaimed funds were placed in banks by parents or grandparents.

Using UDGAM Portal navigation

The procedure is explained step-by-step by Thakkar, who starts by navigating to the UDGAM portal (udgam.rbi.org.in). The portal acts as a platform for locating unclaimed deposits and provides a clear way to determine whether any unclaimed money is present.

Obtaining Access to Unclaimed Deposits

Thakkar emphasizes the importance of signing up on the portal in order to access details on unclaimed deposits. Seven illustrious banks are currently represented on the platform, including the State Bank of India, Central Bank of India, Citi Bank, DBS Bank, Dhanlaxmi Bank, Punjab National Bank, and South Indian Bank.

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Broadening Bank Access

The seven banks stated above make up the initial phase, but according to Thakkar, other banks will be added gradually through October 15, 2023. This growth guarantees complete bank coverage, enabling easier access to information on unclaimed deposits.

Promoting Financial Caution

The significance of looking for unclaimed deposits as a responsible financial practice is emphasized in Thakkar's video. Making sure that money left behind by loved ones is legitimately claimed and used is a decent course of action.

CA The assistance of Bhagyashree Thakkar is crucial for negotiating the intricacies of unclaimed bank deposits. She gives people the tools they need to take control of their financial futures by providing detailed instructions and emphasizing financial responsibility.