New Delhi: The Union government’s Your Money Your Right initiative helped citizens reclaim nearly ₹2,000 crore in unclaimed financial assets during a nationwide drive held between October and December 2025, officials said.
The Department of Financial Services under the Ministry of Finance coordinated the campaign. It focused on reconnecting individuals and families with savings that had remained unused for years. Officials said most assets stayed unclaimed due to outdated records and low awareness.
Over time, households opened bank accounts, bought insurance policies, invested in mutual funds, earned dividends, and planned for retirement. However, migration, account closures, and missing documents often disrupted access to these funds. As a result, families lost track of their own savings.
Importantly, unclaimed money did not leave the formal system. Banks, insurers, fund houses, and companies continued to hold it under strict regulatory oversight. Nevertheless, many legal heirs remained unaware of its existence.
Unclaimed financial assets include dormant bank deposits, unpaid insurance proceeds, inactive mutual fund folios, unclaimed dividends and shares, and pending pension benefits. In several cases, families lacked basic information about the original investments.
Official estimates highlight the scale of the issue. Indian banks together hold around ₹78,000 crore in unclaimed deposits. Meanwhile, unclaimed insurance proceeds stand close to ₹14,000 crore. In addition, mutual funds account for about ₹3,000 crore, while unclaimed dividends amount to nearly ₹9,000 crore.
Such unclaimed money affects household security. For instance, families may struggle with education or healthcare costs despite having savings elsewhere. Similarly, senior citizens may face delays in accessing pensions or insurance income.
Your Money Your Right campaign combined digital access with district facilitation
The Your Money Your Right initiative was launched in October 2025 as a nationwide awareness and facilitation campaign. Therefore, the government aligned multiple regulators to deliver a single, coordinated effort.
Key institutions included the Reserve Bank of India, Insurance Regulatory and Development Authority of India, Securities and Exchange Board of India, Investor Education and Protection Fund Authority, and the Pension Fund Regulatory and Development Authority.
To improve access, regulators strengthened digital tracing platforms. For example, the RBI’s UDGAM portal allows users to search for unclaimed bank deposits. Similarly, IRDAI’s Bima Bharosa portal helps trace unpaid insurance proceeds.
At the same time, the MITRA platform on MF Central enables investors to identify inactive or unclaimed mutual fund folios. Likewise, the IEPFA portal allows citizens to trace unclaimed dividends and shares transferred after seven years.
Officials clarified that ownership rights remain unchanged even after transfers to statutory funds. Therefore, citizens can file claims without paying any fee, and in most cases, no time limit applies.
However, the government did not rely on digital tools alone. From October until 19 December 2025, officials organised facilitation camps in 668 districts across all States and Union Territories.
These camps followed the Awareness, Accessibility and Action framework. As a result, banks, insurers, and district officials assisted citizens through helpdesks and digital kiosks.
State-Level Bankers’ Committees and State-Level Insurance Committees coordinated the district execution. Meanwhile, local administrations supported verification and documentation.
Officials said this common platform reduced delays. In several instances, beneficiaries received funds after quick verification during the camps.
In addition, the initiative promoted preventive measures. Citizens were encouraged to update KYC details, register nominations, inform family members, and store records through DigiLocker.
Overall, officials said the campaign strengthened trust in financial institutions. At the same time, it improved household awareness about long-term financial planning.
