SDG 1: No Poverty | SDG 10: Reduced Inequalities | SDG 17: Partnerships for the Goals
Department of Financial Services (DFS) | Ministry of Finance | RBI | SEBI | IRDAI | PFRDA
The Government of India has launched the “Your Money, Your Right” (आपकी पूंजी, आपका अधिकार) initiative in October 2025, a nationwide awareness and facilitation campaign to help citizens identify and reclaim unclaimed financial assets.
Magnitude of Unclaimed Funds: Indicative estimates reveal that Indian banks hold approximately ₹78,000 crore in unclaimed deposits, while unclaimed insurance proceeds stand at ₹14,000 crore, mutual funds at ₹3,000 crore, and dividends at ₹9,000 crore.
Reclamation Success: Through coordinated efforts from October to December 2025, nearly ₹2,000 crore has already been returned to rightful owners.
Unified Digital Ecosystem: The initiative leverages specialized portals to trace assets: UDGAM for bank deposits, Bima Bharosa for insurance, MITRA for mutual funds, and the IEPFA portal for dividends and shares.
On-Ground Facilitation: Between October and December 19, 2025, facilitation camps were organized in 668 districts, providing helpdesks and digital kiosks to assist citizens with KYC updates and claim initiations.
What are Unclaimed Financial Assets? They are funds held within regulated financial institutions—such as bank savings, insurance proceeds, or mutual fund dividends—that have not been operated or claimed by the account holder or their legal heirs for a prolonged period (typically 7 to 10 years). Despite being transferred to statutory funds like the DEA Fund or Senior Citizens’ Welfare Fund, the money legally remains the property of the customer, and there is generally no time limit for making a rightful claim.
Policy Relevance
The “Your Money, Your Right” initiative is a strategic effort to enhance financial inclusion and restore trust in the formal financial system. By reconnecting households with their idle savings, the government is providing immediate liquidity that can be used for critical needs like education and healthcare, without increasing the fiscal burden on the state. The shift toward a “3A Framework” (Awareness, Accessibility, and Action) reflects a move from passive custodianship to active citizen outreach, strengthening the credibility and inclusiveness of India’s financial institutions.
Relevant Question for Policy Stakeholders: How will the integration of these disparate unclaimed asset portals into a single ‘Unified Financial Claims Interface’ (UFCI) further reduce procedural friction for heirs and nominees of deceased account holders?
Follow the full news here: Your Money, Your Right