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    Question

    Consider the following statements in regards to UDGAM

    portal: 1) It was launched by the RBI in Aug 2023. 2) It is a Centralised Web Portal to search for unclaimed deposits 3) UDGAM is Unclaimed Deposits - Gateway to Access  Which of the following statements is incorrect?
    A 1 only Correct Answer Incorrect Answer
    B 2 only Correct Answer Incorrect Answer
    C 3 only Correct Answer Incorrect Answer
    D 2 & 3 Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The Reserve Bank of India launched a Centralised Web Portal called UDGAM (Unclaimed Deposits - Gateway to Access information) to help and make it simpler for people to search for their unclaimed deposits across different banks at one location. The UDGAM portal was launched in August 2023.

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