RBI launches UDGAM. What is UDGAM?

Reserve Bank of India (RBI) has launched UDGAM – Unclaimed Deposits Gateway to Access inforMation – to tap the unclaimed deposits in the country.

In a statement, the RBI said this portal will make it easier for the public to search their unclaimed deposits across multiple banks in one place.

How to find unclaimed deposits in SBI, PNB, other banks?

RBI Udgam Portal Registration Process:

Users have to first register on Udgam Portal with their mobile number, name and set-up password. After registering, log in to the portal and enter any 1 search criteria and select the bank. Selection of multiple bank accounts to search unclaimed deposits is also allowed.

Click here to register Udgam

Once you enter the above details, the portal will show your unclaimed deposits lying in any of the banks selected by you.

RBI Udgam Portal Login Link

In a statement in July 2022, the RBI noted that unclaimed deposits were increasing despite efforts to raise public awareness. However, despite public awareness campaigns undertaken by banks as well as RBI from time to time, the amount of Unclaimed Deposit is showing an increasing trend.

Investors should make use of this portal and check whether you or any family member have an unclaimed deposits with any of the banks.

NSE Trading Holidays 2024

Trading holidays for the calendar year 2024. The National Stock Exchange of India (NSE) has notified trading holidays for the calendar year 2024 as below: Muhurat Trading: Timings of Muhurat Trading shall be notified subsequently.

Historical BSE Sensex returns - updated 2013

We have already seen the historical returns of the BSE Sensex, which indicated an average return of about 20% per year, despite many yearly returns varying from -20% to +60%. The following table shows BSE Sensex historical data - open, close and the yearly returns of the sensex from 2000 to 2012. There are some interesting points to note from the above table. Post 2008 crash of about 50% and 2011 negative returns of 24%, markets have given positive returns of 81% and 25%. Also the average returns for the past years is about 20% despite the markets being down 24%. The lesson is pretty much clear - long term investing pays and one need not bother too much about the ups and downs of the markets. During the past few years, the returns from investing in individual stocks have been varied. Despite markets being at 2 year highs, only a few stocks are at similar highs, while most of them are still languishing well below their historical highs and are down anywhere between 8

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