New Delhi – On Wednesday, Prime Minister Narendra Modi announced that the “Your Money, Your Right” initiative is designed to help every citizen recover assets that have stayed dormant in banks, insurance firms and mutual‑fund houses. He highlighted that a staggering amount of money—mere thousands of crores—remains unclaimed by ordinary people.
On LinkedIn, Modi posted: “here is a chance to convert a forgotten financial asset into a new opportunity”, and added “together, let us build a transparent, financially empowered and inclusive India!”
Speaking at the Hindustan Times Leadership Summit, the Prime Minister shared startling statistics. “Indian banks are holding Rs 78,000 crore of unclaimed money belonging to our own citizens. Insurance companies have nearly Rs 14,000 crore lying unclaimed. Mutual fund companies have around Rs 3,000 crore, and dividends worth Rs 9,000 crore are also unclaimed,” he said.
In his social‑media post, Modi remarked that these figures have shocked many people. “After all, these assets represent the hard‑earned savings and investments of countless families. In order to correct this, the ‘Your Money, Your Right’ initiative was launched in October 2025. The aim is to ensure every citizen can reclaim what is rightfully his or hers,” he noted.
To simplify the tracing and claiming process, special portals have been set up: the RBI’s UDGAM Portal for bank balances, IRDAI’s Bima Bharosa Portal for insurance proceeds, SEBI’s MITRA Portal for mutual‑fund holdings, and the Ministry of Corporate Affairs’ IEPFA Portal for unpaid dividends and shares.
“I’m pleased to report that, by December 2025, facilitation camps have been organised in 477 districts across both urban and rural India. The focus has been on reaching remote areas. Thanks to coordinated efforts from the government, regulators, banks and other institutions, almost Rs 2,000 crore has already been returned to rightful owners,” Modi said.
He said the movement will expand further in the coming weeks. “To make this happen, I ask everyone to check whether you or your family have unclaimed deposits, insurance proceeds, dividends or investments, visit the portals I’ve mentioned, and take advantage of the facilitation camps in your district.”
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