Do you have unclaimed funds in your bank account that have been lying dormant for years?
PM Modi’s newest initiative “Your Money, Your Right” can help you recover your unclaimed money.
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 ₹1.08 lakh crore lying dormant across the Indian financial system.
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!”
The Prime Minister emphasized the importance of this money finding its way back to its rightful owners: “Your 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.”
The Scale of Dormant Assets
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:
“Indian banks are holding ₹78,000 crore of unclaimed money belonging to our own citizens. Insurance companies have nearly ₹14,000 crore in unclaimed funds. Mutual fund companies have around ₹3,000 crore, and dividends worth ₹9,000 crore are also unclaimed,” PM wrote.
Government Action and Progress
The government and financial regulators have undertaken a multi-pronged approach to streamline the claiming process and ensure the mission reaches the grassroots level:
- Centralised Portals: Dedicated digital gateways have been established by regulators for easy identification and claim processing:
- RBI’s UDGAM portal: For unclaimed bank deposits and balances. https://udgam.rbi.org.in/unclaimed-deposits/
- IRDAI’s Bima Bharosa portal: For unclaimed insurance proceeds. https://bimabharosa.irdai.gov.in/
- SEBI’s MITRA portal: For unclaimed mutual fund amounts. https://app.mfcentral.com/
- MCA’s IEPFA portal: For unpaid dividends and unclaimed shares. https://www.iepf.gov.in/
- On-the-Ground Outreach: To ensure coverage in remote areas, facilitation camps have been organised in 477 districts across rural and urban India as of December 2025.
- Recovery Results: Through these coordinated efforts, nearly ₹2,000 crore has already been returned to rightful owners since the initiative began. Data also shows that over the three years leading up to November 2025, Indian banks alone settled over 3.3 million dormant accounts, returning ₹10,297 crore to depositors.
The Path Forward: A Unified Platform
Looking ahead, the Ministry of Finance is collaborating with the RBI to further simplify the process. They plan to launch a comprehensive digital platform— a “one-stop solution”— that will consolidate all types of dormant financial holdings (from banks, insurance, mutual funds, and shares) into a single, searchable interface, making it easier than ever for citizens to secure their financial future.