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

India has rolled out a centralized online portal called 'Your Money, Your Right' to help citizens track down and recover unclaimed financial assets scattered across the financial system. Accessible via unclaimedassetsportal.in, the platform acts as a single entry point that connects multiple regulator-managed claim systems, covering dormant bank deposits, lapsed or matured insurance policies, unpaid dividends and forgotten mutual fund investments. Users can trace old savings accounts, fixed deposits and recurring deposits, linking through to the Reserve Bank of India's UDGAM portal for dormant bank balances. The initiative is designed to simplify what has long been a fragmented and cumbersome process, in which individuals had to approach each bank, insurer or intermediary separately to claim funds lying idle for years. By consolidating access in one place, authorities aim to improve transparency, strengthen financial inclusion and return money to rightful owners and their heirs without complex paperwork. Unclaimed amounts across Indian banks, insurers and capital-market intermediaries have accumulated to substantial sums over the years, and regulators have been pushing institutions to reduce these balances and make it easier for the public to reclaim what is theirs.