India Launches 'Your Money, Your Right' Portal to Recover Unclaimed Assets

The Indian government has launched a 'Your Money, Your Right' campaign, introducing a centralized portal to help citizens locate and recover unclaimed financial assets. Accessible online, the platform is designed as a single entry point that connects multiple regulator-managed claim systems, covering dormant bank deposits, unclaimed insurance policies, unpaid dividends and inactive mutual fund investments. Users can track old savings accounts, fixed deposits, recurring deposits and other inactive holdings, including through the Reserve Bank of India's UDGAM portal, making it easier to trace and reclaim money that has been lying idle for years. The initiative aims to simplify what has traditionally been a scattered and cumbersome process, in which savers had to approach individual banks, insurers and other institutions separately to recover forgotten funds. By bringing these systems together, authorities hope to improve transparency, strengthen financial inclusion and return unclaimed amounts to their rightful owners without complicated procedures. Large sums accumulate as unclaimed assets over time when account holders move, pass away or simply forget about old holdings, so a consolidated recovery channel could benefit many households across the country.