Understanding Unclaimed Financial Assets
Unclaimed financial assets are funds that remain inactive or unpaid over a long period due to account inactivity, outdated records, changes in residence, or lack of awareness among legal heirs. These include bank deposits, insurance policy proceeds, mutual fund investments, dividends, shares, and pension benefits. While the assets remain securely held with regulated institutions, citizens often remain unaware of their entitlement.
The “Your Money, Your Right” Initiative
Launched in October 2025, the nationwide campaign is coordinated by the Department of Financial Services in collaboration with regulators such as RBI, IRDAI, SEBI, IEPFA, and PFRDA. The initiative combines digital platforms with district-level facilitation to help citizens trace and reclaim their financial assets.
The campaign is structured around the 3A Framework Awareness, Accessibility, and Action ensuring that every citizen can easily identify, access, and claim their rightful savings.
Digital Platforms Simplifying Claims
The Government has provided multiple online portals for citizens to trace unclaimed assets:
- UDGAM Portal (RBI): Centralized search for unclaimed bank deposits. Access here.
- Bima Bharosa Portal (IRDAI): Check unclaimed insurance proceeds with links to insurers. Access here.
- MITRA Portal (MF Central): Track unclaimed or inactive mutual fund investments. Access here.
- IEPFA Portal: Trace unclaimed dividends and shares. Access here.
These platforms allow citizens and legal heirs to initiate claims at no cost, while preventive measures like updating KYC, Aadhaar/PAN linking, and maintaining records are strongly encouraged.
District-Level Outreach and Impact
From October to December 2025, facilitation camps were organized in 668 districts. Citizens received direct assistance through helpdesks and digital kiosks, enabling on-the-spot settlements and claims initiation. Coordinated efforts among banks, insurance companies, and local administrations ensured efficient service delivery and reduced procedural delays.
The initiative has successfully returned nearly ₹2,000 crore to rightful owners, reconnecting families with their savings and enhancing financial security across the country.
Strengthening Financial Inclusion
Beyond financial recovery, the initiative educates citizens about documentation, nominations, and responsible financial planning. It promotes awareness of preventive measures to avoid unclaimed assets in the future and strengthens trust in the formal financial system.
By ensuring accessibility, transparency, and citizen-first facilitation, “Your Money, Your Right” contributes to a more inclusive, responsive, and accountable financial ecosystem in India.
