November 15, 2025, 2:00 PM IST — Jammu & Kashmir is quietly carrying a financial story that rarely makes headlines but affects lakhs of families in the state. According to new RBI and UDGAM data, the UT has 17.20 lakh unclaimed bank accounts, a total holding of around ₹465.79 crore. And one district stands out: Jammu alone has 2.94 lakh such accounts, with a value of ₹107.27 crore.
These aren’t corporate deposits or government funds; they are ordinary people’s savings that simply slipped out of sight.
J&K Unclaimed Money
| Region | Unclaimed Accounts | Amount |
|---|---|---|
| J&K (UT) | 17,20,878 | ₹465.79 crore |
| Jammu district | 2,94,676 | ₹107.27 crore |
Every number or rupees in this table represents a forgotten FD, deposit schemes, collected savings in an account, a salary account someone stopped using, or money a family member left behind.
Why So Many Accounts Become Unclaimed?
There’s no mystery here, just real-life situations many of us relate to:
- People move, switch jobs, change phone numbers, and do not close old accounts.
- Some opened FDs years ago and never updated their contact details.
- Families often aren’t aware of accounts opened by parents or grandparents.
- After 10 years of no activity, banks classify these accounts as “unclaimed.”
- Many accounts have no nominees, making it harder for heirs to trace them.
- Bank old Mergers, branch shifts, and outdated passbooks add to the confusion.
In short, accounts go silent because life moves forward, but the money stays behind.
Does the RBI UDGAM Portal Help J&K Residents?
Yes, but with a small but important clarification.
The RBI’s UDGAM portal helps you search for unclaimed deposits across multiple banks from one place. You enter your name, choose your bank, validate with a simple ID, and the system tells you if there’s any money linked to that name.
However, UDGAM does not release or transfer the money.
You still have to visit the bank branch to claim it.
Think of UDGAM as a locator, not a withdrawal service. It makes the hardest part easy: finding what you didn’t know existed.
Our News – How to Find and Claim Forgotten Money Through the RBI’s UDGAM Portal
How People in J&K Can Claim Their Money — Simple & Clear
- Search your name on the UDGAM portal (and your parents’ or grandparents’ names too).
- Note the bank and reference number (UDRN) if your name appears.
- Visit the bank branch with your Aadhaar/PAN, old passbook if available, and one photograph.
- If the account holder is deceased, carry the death certificate + legal heir proof.
- Fill the claim form and update KYC — the bank verifies and hands over the money.
Today, banks have been instructed to fast-track unclaimed deposit claims, so the process is smoother than ever.
Final Thought — A Small Check Can Bring Back Big Value
Across India, more than ₹67,000 crore lies unclaimed. J&K’s share alone shows how much money quietly sits untouched.
Unlike earlier years when tracing old accounts felt impossible, today’s system, powered by UDGAM and bank-level verification camps, finally puts control in people’s hands.
Give yourself five minutes. Search your name once. You may discover savings you or your family never knew still existed.
