The UDGAM portal, developed by the Reserve Bank of India (RBI), serves what primary purpose?

Explanation

The UDGAM portal, which stands for Unclaimed Deposits-Gateway to Access inforMation, is developed by the Reserve Bank of India (RBI) to help registered users search for unclaimed deposits or accounts across multiple banks in a centralized manner. This portal simplifies the process of tracking unclaimed funds, which were previously scattered across different banks, ensuring easier access for the account holders or their heirs. All unclaimed deposits/accounts that are part of Depositor Education and Awareness (DEA) Fund of RBI can be searched in UDGAM portal.