{"id":12625,"date":"2025-12-10T15:50:54","date_gmt":"2025-12-10T10:20:54","guid":{"rendered":"https:\/\/www.goseeko.com\/blog\/?p=12625"},"modified":"2025-12-10T18:45:45","modified_gmt":"2025-12-10T13:15:45","slug":"your-money-your-right-what-is-the-national-drive-to-reclaim-%e2%82%b91-08-lakh-crore-that-pm-modi-is-talking-about","status":"publish","type":"post","link":"https:\/\/www.goseeko.com\/blog\/your-money-your-right-what-is-the-national-drive-to-reclaim-%e2%82%b91-08-lakh-crore-that-pm-modi-is-talking-about\/","title":{"rendered":"“Your Money, Your Right”: What is the National Drive to Reclaim \u20b91.08 Lakh Crore that PM Modi is talking about"},"content":{"rendered":"\n

Do you have unclaimed funds in your bank account that have been lying dormant for years?<\/p>\n\n\n\n

PM Modi\u2019s newest initiative \u201cYour Money, Your Right\u201d can help you recover your unclaimed money.<\/p>\n\n\n\n

Prime Minister Narendra Modi has championed the “Your Money, Your Right” movement, a nationwide initiative launched in October 2025, urging citizens to check for and reclaim their unclaimed financial assets. This drive aims to address a staggering pool of nearly \u20b91.08 lakh crore lying dormant across the Indian financial system.<\/p>\n\n\n\n

In a detailed post shared on LinkedIn, PM Modi highlighted this major step towards financial transparency and empowerment, stating, “Here is a chance to convert a forgotten financial asset into a new opportunity. Take part in the ‘Your Money, Your Right’ movement!”<\/p>\n\n\n\n

The Prime Minister emphasized the importance of this money finding its way back to its rightful owners: \u201cYour money is yours. Let us make sure that it finds its way back to you. Together, let us build a transparent, financially empowered and inclusive India.\u201d<\/p>\n\n\n\n

The Scale of Dormant Assets<\/h3>\n\n\n\n

The unclaimed funds represent the hard-earned savings and investments of countless families that, due to issues ranging from incomplete documentation to simple oversight, have remained unrecovered for years. The funds are scattered across various institutions:<\/p>\n\n\n\n

\u201cIndian banks are holding \u20b978,000 crore of unclaimed money belonging to our own citizens. Insurance companies have nearly \u20b914,000 crore in unclaimed funds. Mutual fund companies have around \u20b93,000 crore, and dividends worth \u20b99,000 crore are also unclaimed,\u201d PM wrote.<\/p>\n\n\n\n

 Government Action and Progress<\/strong><\/p>\n\n\n\n

The government and financial regulators have undertaken a multi-pronged approach to streamline the claiming process and ensure the mission reaches the grassroots level:<\/p>\n\n\n\n

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  1. Centralised Portals: Dedicated digital gateways have been established by regulators for easy identification and claim processing:\n