Thursday, May 28, 2026

RBI platform for unclaimed deposits exposed sensitive user data

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Notably, unclaimed deposits tracked through Udgam totalled about 72,454 crore, minister of state for finance Pankaj Chaudhary told Parliament in February. Separately, court submissions in response to a PIL on unclaimed bank deposits showed that the platform had more than 2 million registered users as of 1 April, referring to users who had signed up to search the database, and not dormant account holders.

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