Prime Minister Narendra Modi has exhorted citizens to check whether they or their family members have unclaimed deposits in banks, mutual funds, insurance policies or dividends, worth over Rs 1 lakh crore. The PM said the time has come to reclaim what is rightfully theirs.
Calling it a “Your Money, Your Right” movement, the Prime Minister appealed to people to “convert forgotten financial assets into opportunities”.
Modi has called upon citizens to actively trace and claim their unclaimed money lying with banks, mutual funds, insurance companies and other financial institutions.
Sharing an article on LinkedIn, he wrote, “Here is a chance to convert a forgotten financial asset into a new opportunity. Take part in the ‘Your Money, Your Right’ movement!”
The appeal comes amid startling numbers.
Modi noted, “Indian banks are holding Rs 78,000 crore of unclaimed money belonging to our own citizens. Insurance companies have nearly Rs 14,000 crore lying unclaimed. Mutual fund companies have around Rs 3,000 crore and dividends worth Rs 9,000 crore are also unclaimed.”
According to him, these figures represent the accumulated savings of hard-working families. “After all, these assets represent the hard-earned savings and investments of countless families,” he said.
What is the ‘Your Money, Your Right’ movement?
The Centre launched the nationwide campaign “आपकी पूंजी, आपका अधिकार — Your Money, Your Right” on 4 October 2025. The drive aims to settle unclaimed money related to bank accounts, insurance, dividends, shares, mutual funds and pension in favour of genuine claimants.
The movement operates on a 3A framework — Awareness, Accessibility and Action, with camps organised across States and Union Territories to guide citizens. Digital helpdesks, demonstrations, FAQs, SOPs and regional language material are being used to support people in completing the claims process smoothly.
PM highlights progress and urges people to take action
Modi shared that in the last two months, facilitation camps have been set up in 477 districts, including remote areas, to help people file claims. He wrote, “Through the coordinated efforts of all stakeholders notably the Government, regulatory bodies, banks and other financial institutions, nearly Rs 2,000 crore has already been returned to the rightful owners.”
To make tracing unclaimed money simpler, the government and regulators have created dedicated online portals:
RBI UDGAM Portal – for unclaimed bank deposits
Reserve Bank of India (RBI) – UDGAM Portal for unclaimed bank deposits & balances: https://udgam.rbi.org.in/unclaimed-deposits/
IRDAI Bima Bharosa Portal – for unclaimed insurance proceeds
Insurance Regulatory and Development Authority of India (IRDAI) – Bima Bharosa Portal for unclaimed insurance policy proceeds: https://bimabharosa.irdai.gov.in/
SEBI MITRA Portal – for unclaimed mutual fund amounts
Securities and Exchange Board of India (SEBI) – MITRA Portal for unclaimed amounts in mutual funds: https://app.mfcentral.com/
MCA IEPFA Portal – for unpaid dividends and unclaimed shares
Ministry of Corporate Affairs, IEPFA Portal for Unpaid dividends & unclaimed shares: https://www.iepf.gov.in/
The Prime Minister urged people to make use of these services immediately. He appealed, “Check whether you or your family have unclaimed deposits, insurance proceeds, dividends or investments. Visit the portals I have mentioned above. Make use of facilitation camps in your district.”
Calling citizens to act without delay, he added, “Act now to claim what is yours and convert a forgotten financial asset into a new opportunity. Your money is yours. Let us make sure that it finds its way back to you.”
Signing off with a larger message, Modi said, “Together, let us build a transparent, financially empowered and inclusive India!”