What is the purpose of the Reserve Bank of India's (RBI)

Q: Answer-What is the purpose of the Reserve Bank of India's (RBI) centralized web portal 'UDGAM'?

The RBIs centralized web portal UDGAM aims to make it easier for the public to search for their unclaimed deposits across multiple banks in one place. It helps individuals track and claim their unclaimed deposits that might be held with various banks.

centralized web portal "UDGAM"?

A To provide information about current interest rates Correct Answer Incorrect Answer

B To facilitate online banking transactions Correct Answer Incorrect Answer

C To manage government securities Correct Answer Incorrect Answer

D Track unclaimed deposits across multiple banks Correct Answer Incorrect Answer

E To offer financial literacy programs Correct Answer Incorrect Answer

Solution

The RBI's centralized web portal "UDGAM" aims to make it easier for the public to search for their unclaimed deposits across multiple banks in one place. It helps individuals track and claim their unclaimed deposits that might be held with various banks.

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