₹5,777 Crore Returned Under ‘Your Money, Your Right’ Campaign; Unclaimed Funds Still Cross ₹73,000 Crore

India’s financial regulators have intensified efforts to help citizens recover unclaimed financial assets, but the scale of idle funds remains strikingly large. Data shared by the government shows that ₹5,777 crore has been returned across 22.95 lakh claims under the nationwide campaign “आपकी पँजूी, आपका अधिकार – Your Money, Your Right”, conducted between October and December 2025.

The initiative, led jointly by the Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), and Insurance Regulatory and Development Authority of India (IRDAI), covered 748 districts and focused on tracing rightful claimants while simplifying the recovery process.

Massive Pool of Unclaimed Funds Persists

Despite the recovery drive, a substantial amount of money remains unclaimed across the financial system. Public sector banks alone have transferred ₹60,518 crore to the RBI’s Depositor Education and Awareness (DEA) Fund.

In addition, unclaimed insurance amounts stand at ₹8,973.89 crore, while unclaimed mutual fund assets total ₹3,749.34 crore. Combined, these figures indicate that over ₹73,000 crore continues to lie idle, highlighting gaps in awareness, documentation, and nominee registration.

The data underscores a persistent issue where investors or their families fail to claim funds due to lack of information, inactive accounts, or procedural hurdles.

Regulators Tighten Framework to Ease Claims

To address this, regulators have rolled out multiple measures aimed at simplifying claim processes and improving outreach.

The RBI has introduced consolidated guidelines for claim settlements and launched an incentive scheme offering 5% to 7.5% payouts for successful recovery of unclaimed deposits. Banks have also been directed to conduct regular outreach drives, publish lists of unclaimed deposits, and improve depositor communication.

On the insurance front, IRDAI has mandated the collection of nominee details at the proposal stage and instructed insurers to proactively contact policyholders. SEBI has eased transmission norms in mutual funds by reducing documentation for claims up to ₹5 lakh and enabling faster processing through image-based systems.

Digital Platforms Drive Accessibility

Technology is playing a central role in streamlining access. The RBI’s UDGAM portal, IRDAI’s Bima Bharosa platform, and SEBI’s MITRA system allow users to track unclaimed deposits, insurance proceeds, and mutual fund investments, respectively.

An inter-regulatory working group is also exploring the creation of a unified portal to provide a single access point for all unclaimed financial assets.

Read more: Madhya Pradesh Announces 3% DA Hike to 58%; 10 Lakh Employees, Pensioners to Benefit.

Conclusion

While the ₹5,777 crore recovery marks meaningful progress, the large volume of unclaimed funds signals the need for stronger awareness and better financial planning. Continued regulatory coordination, digital integration, and proactive outreach will be critical to ensuring that rightful owners can reclaim their money efficiently. 

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