NewKerala.com

Your Money, Your Right: How Rs 2,000 Crore Found Its Way Back to Citizens

Prime Minister Narendra Modi has shared an encouraging update on a major government initiative. He announced that nearly Rs 2,000 crore has already been returned to people under the 'Your Money, Your Right' campaign. This movement aims to help citizens reclaim forgotten assets lying with banks, insurers, and mutual funds. The government has set up special online portals and district-level camps to make the claiming process easy for everyone.

Key Points: PM Modi Says Rs 2000 Crore Returned Under Your Money Your Right

  • PM Modi announced nearly Rs 2,000 crore has been returned to rightful owners so far
  • Indian banks hold a staggering Rs 78,000 crore in unclaimed deposits and balances
  • Dedicated online portals like RBI's UDGAM simplify the claim process for citizens
  • Facilitation camps have been set up in 477 districts to ensure maximum reach
3 min read

Rs 2,000 cr returned so far under 'Your Money, Your Right' initiative; PM urges citizens to claim unclaimed assets

PM Modi reveals Rs 2,000 crore returned via 'Your Money, Your Right' initiative. Learn how to claim your unclaimed deposits, insurance, and dividends from banks.

"Act now to claim what is yours and convert a forgotten financial asset into a new opportunity. - Prime Minister Narendra Modi"

New Delhi, December 10

Prime Minister Narendra Modi on Wednesday said that nearly Rs 2, 000 crore has already been returned so far to the rightful owners under the 'Your Money, Your Right' initiative, launched by the government in October 2025 to help citizens reclaim their forgotten financial assets.

In a social media post, the Prime Minister said the movement has been launched with the aim of ensuring that every citizen can reclaim what is rightfully theirs.

"Here is a chance to convert a forgotten financial asset into a new opportunity. Take part in the 'Your Money, Your Right' movement!" PM Modi said.

The Prime Minister highlighted that a significant amount of public money remains unclaimed across various financial institutions in the country.

Indian banks are holding Rs 78,000 crore of unclaimed money, while insurance companies have nearly Rs 14,000 crore lying unclaimed. In addition, mutual fund companies have around Rs 3,000 crore, and dividends worth Rs 9,000 crore also remain unclaimed.

"These facts have startled a lot of people. After all, these assets represent the hard-earned savings and investments of countless families," the Prime Minister said.

To make the reclaiming process simple and transparent, the government and regulatory bodies have created dedicated portals to help citizens track and claim their funds.

These include, 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 amounts in mutual funds and the Ministry of Corporate Affairs - IEPFA Portal for unpaid dividends and unclaimed shares.

PM Modi shared that facilitation camps have been organised in 477 districts across both rural and urban regions of the country, with a focus on remote areas to ensure maximum coverage and accessibility.

Through coordinated efforts of the Government, regulatory bodies, banks and other financial institutions, nearly Rs 2,000 crore has already been returned to citizens.

The Prime Minister appealed to people to assist in scaling up the movement. He urged citizens to check whether they or their family members have unclaimed deposits, insurance proceeds, dividends or investments.

He encouraged the use of the dedicated portals and facilitation camps to claim what is rightfully theirs.

"Act now to claim what is yours and convert a forgotten financial asset into a new opportunity. 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!" he said.

- ANI

Share this article:

Reader Comments

R
Rajesh Q
Rs 78,000 crore just in banks? That's a staggering number. While the effort to return 2000 cr is good, the scale of what's still lying unclaimed shows how poor our financial tracking systems have been. Hope this campaign has a long-term, sustainable framework and isn't just a one-time drive.
A
Aman W
Good step. But the awareness needs to reach tier-3 cities and villages. Not everyone is active on social media or knows how to navigate these portals. The facilitation camps are key. Hope they continue beyond the campaign period.
S
Sarah B
As an NRI, this is very relevant. Many of us have old accounts or policies in India that we've lost track of. Having a centralized system to check across RBI, IRDAI, SEBI is a huge relief. Will be checking the portals for my family.
V
Vikram M
The intent is perfect. "Your money, your right" is a powerful message. However, the process should be made even simpler - maybe a single unified portal instead of four different ones? Also, what happens to the interest on this unclaimed money all these years? That should also be clarified.
K
Kavya N
After my father passed away, we struggled to find details of all his investments. This initiative would have been a godsend then. Sharing this article with all my family groups. Everyone should check, you never know what might be lying forgotten! 💰

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50