Your Money, Your Right’ Movement

Recently, the Prime Minister of India called upon citizens to actively participate in the ‘Your Money, Your Right’ movement, urging them to reclaim their unclaimed financial assets and spread awareness about the initiative.

About the ‘Your Money, Your Right’ Movement

The ‘Your Money, Your Right’ movement was launched by the Central Government in October 2025. It is a nationwide initiative aimed at enabling individuals and their families to identify and reclaim unclaimed financial assets, such as bank deposits, insurance proceeds, mutual fund investments, and dividends.

Objective of the Initiative

The primary objective of the movement is to return long-forgotten or unclaimed funds to their rightful owners. The initiative brings together government agencies, financial regulators, banks, insurance companies, and other financial institutions to streamline the identification and claim process.

Extent of Unclaimed Financial Assets in India

A significant amount of citizens’ money remains unclaimed across various financial sectors:

• Banks hold nearly ?78,000 crore as unclaimed deposits.

• Insurance companies have about ?14,000 crore of unclaimed insurance proceeds.

• Mutual fund companies hold approximately ?3,000 crore in unclaimed amounts.

• Unpaid dividends amount to nearly ?9,000 crore.

Deposits in bank accounts that remain inoperative for 10 years are classified as unclaimed deposits.

Key Features of the Movement

Under this initiative, individuals are encouraged to check whether they or their close family members have any unclaimed deposits or financial proceeds. Citizens can verify unclaimed bank balances, insurance claims, mutual fund payouts, and dividends using dedicated online platforms.

Dedicated Portals for Claims

To facilitate easy access, separate portals have been created by different regulators:

• Reserve Bank of India (RBI): UDGAM Portal for unclaimed bank deposits and balances.

• Insurance Regulatory and Development Authority of India (IRDAI): Bima Bharosa Portal for unclaimed insurance policy proceeds.

• Securities and Exchange Board of India (SEBI): MITRA Portal for unclaimed mutual fund amounts.

• Ministry of Corporate Affairs (MCA): IEPFA Portal for unpaid dividends and unclaimed shares.

Facilitation Camps

To ensure wider outreach, facilitation camps are being organised across districts, covering both rural and urban areas. These camps provide:

• On-the-spot guidance to citizens on searching for unclaimed assets

• Assistance in updating records and completing claim procedures

• Demonstrations of digital tools and step-by-step claim processes

Institutional Coordination

At the national level, the campaign is coordinated by the Department of Financial Services (DFS), Ministry of Finance, ensuring collaboration among regulators and financial institutions.

Significance

The movement strengthens financial inclusion, transparency, and consumer rights, while empowering citizens to reclaim their rightful financial assets and reduce idle funds in the financial system.