New Delhi: The Finance Ministry, in collaboration with the Reserve Bank of India (RBI), is developing a unified portal to help savers and retail investors claim all unclaimed financial assets across multiple asset classes, including bank deposits, pension funds, shares, dividends, and insurance proceeds. The announcement was made by Department of Financial Services Secretary M. Nagaraju on Thursday during a mega awareness camp on “Aapki Poonji Aapka Adhikar” (Your Money, Your Right) organised by Punjab National Bank in the capital.
Current Portals for Claiming Assets
Currently, several regulatory bodies provide separate portals to claim unclaimed financial assets:
- RBI: UDGAM portal
- Securities and Exchange Board of India (SEBI): MITRA portal
- Insurance Regulatory and Development Authority of India (IRDAI): Bima Bharosa portal
The new integrated portal, coordinated by the RBI, will bring all these services under one platform, making it substantially easier for citizens to locate their unclaimed funds while ensuring greater convenience, transparency, and trust.
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Need for the Unified Portal
Nagaraju highlighted that a lack of awareness has resulted in huge sums of unclaimed assets remaining idle in various accounts across the country. The government aims to address this gap by combining digital access, awareness campaigns, and facilitation efforts.
“Through financial inclusion initiatives and financial education, we are trying to help citizens claim their rightful savings,” he said, emphasising the importance of empowering people to recover funds that legally belong to them.
Nationwide Awareness Campaign
Finance Minister Nirmala Sitharaman launched a three-month nationwide campaign on October 4, 2025, under the title “Apki Poonji, Apka Adhikar (Your Money, Your Right)”. The campaign, running from October to December 2025, is being conducted by the Department of Financial Services in coordination with the RBI, SEBI, IRDAI, and the Investor Education and Protection Fund Authority (IEPFA) under the Ministry of Corporate Affairs.
The initiative aims to educate citizens about unclaimed financial assets, provide on-the-spot guidance on how to locate these assets, update their records, and complete claim procedures. Digital tools, step-by-step demonstrations, and awareness camps are being deployed to make the process simple and accessible.
Recovery of Unclaimed Funds
During the outreach program, the government has already facilitated the return of Rs 1,887 crore to rightful owners or their nominees. Nagaraju stated that the pace of settlements is expected to accelerate further as more awareness camps are organised and digital access expands.
Unclaimed financial assets—ranging from insurance claims, bank deposits, dividends, shares, to mutual fund proceeds—often remain unclaimed due to lack of awareness, outdated account details, or procedural delays. The government’s unified approach is expected to bridge these gaps, ensuring citizens can easily claim their money and benefit from accumulated returns.
