India Launches Portal to Help Citizens Recover Unclaimed Financial Assets

India has rolled out a centralized online portal to help citizens locate and recover unclaimed financial assets, as part of a new campaign called 'Your Money, Your Right'. Accessible through a single website, the platform acts as one entry point connecting multiple regulator-managed claim systems, spanning dormant bank deposits, unclaimed insurance policies, unpaid dividends and inactive mutual fund investments. Users can trace old savings accounts, fixed deposits, recurring deposits and other dormant holdings, drawing on existing infrastructure such as the Reserve Bank of India's UDGAM portal for dormant deposits, and follow a simplified route to reclaim the money. The initiative is designed to cut through the fragmented and often cumbersome processes that have left large sums lying idle across banks, insurers and capital market intermediaries for years. By consolidating scattered information in one place, the government aims to improve transparency, strengthen financial inclusion and make it easier for ordinary savers and the heirs of deceased account holders to recover funds they are entitled to. Officials framed the portal as part of a broader push to return unclaimed money to its rightful owners and reduce the growing pool of dormant assets in the financial system.