The government’s ambitious ‘Your Money, Your Right’ initiative, launched in October 2025, is gaining significant traction as citizens across India reclaim long-lost and unclaimed financial assets. In just a few months since its rollout, nearly ₹2,000 crore has already been returned to rightful owners, reflecting the scale and effectiveness of the nationwide drive.
The programme was introduced to address a persistent issue in the financial ecosystem—large pools of public money remaining untouched for years. Many individuals are unaware of old deposits, forgotten investments, or entitlements linked to deceased family members. With the new initiative, authorities aim to bridge this information gap and ensure that people regain access to what belongs to them.
Huge Volume of Unclaimed Funds Across Sectors
Despite the early success of the movement, the total volume of unclaimed money in the system remains staggeringly high. Banks currently account for approximately ₹78,000 crore in unclaimed deposits, which include inoperative savings accounts, fixed deposits, and other balances untouched for extended periods. The insurance industry holds nearly ₹14,000 crore in unclaimed policy proceeds, often arising from maturity benefits or payouts that were never claimed by policyholders or their nominees.
Mutual funds add another ₹3,000 crore to the pile, largely in the form of unclaimed redemption amounts and dividends. Meanwhile, companies collectively hold about ₹9,000 crore in unpaid dividends and unclaimed shares, which accumulate when investors fail to track corporate actions or lose access to old investments. These numbers highlight the significant value locked away simply due to lack of information or administrative hurdles.
Digital Portals Helping Citizens Locate Their Assets
To make reclaiming money easier, the government—supported by key financial regulators—has introduced dedicated online portals that consolidate information from multiple institutions. Citizens can now search for unclaimed funds with far greater ease and transparency.
The major portals include:
- RBI’s UDGAM Portal for unclaimed bank deposits
- IRDAI’s Bima Bharosa Portal for pending insurance policy payouts
- SEBI’s MITRA Portal for unclaimed mutual fund investments
- IEPFA Portal by the Ministry of Corporate Affairs for unpaid dividends and unclaimed shares
By centralising data from various banks, insurers, mutual fund houses, and listed companies, these platforms act as a one-stop solution for identifying forgotten financial assets.
Extensive Outreach to Ensure Maximum Public Awareness
To ensure widespread awareness, the initiative has expanded beyond the digital space. Facilitation camps have been organised across 477 districts, covering both rural and urban regions. These camps help citizens navigate the portals, verify ownership, and file claims with the appropriate institutions. Special focus has been given to remote or underserved areas where digital literacy and access to online services may be limited.
Encouraging People to Reclaim What Belongs to Them
With dedicated resources, streamlined platforms, and district-level support, the government is urging citizens to verify whether they or their family members have unclaimed deposits, investments, or policy proceeds awaiting retrieval. The success of the initiative so far indicates that many households stand to benefit, provided they take the step to check and claim their dues.
Summary
The government’s ‘Your Money, Your Right’ initiative, launched in October 2025, has already helped citizens recover nearly ₹2,000 crore in forgotten financial assets. Large sums still remain unclaimed—₹78,000 crore in bank deposits, ₹14,000 crore with insurers, ₹3,000 crore in mutual funds, and ₹9,000 crore in company dividends and shares. To streamline the reclaiming process, authorities have introduced portals such as RBI’s UDGAM, IRDAI’s Bima Bharosa, SEBI’s MITRA, and the IEPFA platform. Facilitation camps across 477 districts are helping spread awareness and assist people in filing claims.
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