Rightful owners claim over Rs 2,000 crore under ‘Your Money, Your Right’ campaign: Minister
New Delhi (Dec 9) – The Centre’s nationwide “Your Money, Your Right” drive, which kicked off on 4 October, aims to help people recover any unclaimed savings, insurance, dividends, shares, mutual‑fund holdings, or pension payments. The ministry told Parliament that, in just the first two months, rightful owners have reclaimed roughly ₹2,000 crore.
Finance Minister Pankaj Chaudhary explained that the campaign follows the 3A Framework – Awareness, Accessibility, and Action – and will run through December 2025 across every state and union territory.
“From now until 5 December 2025, we’ve held camps in 477 districts with public representatives, district administration and financial‑institution officials,” he said.
To reach more people, the team spread standard operating procedures, FAQs, and awareness material in major regional languages, while short video messages ran across social media. District camps offer digital demonstrations, help desks and hands‑on guidance so that claimants can complete paperwork easily.
The effort brings together the key financial regulators: the RBI, SEBI, IRDAI, the Pension Fund Regulatory and Development Authority (PFRDA) and the Investor Education and Protection Fund Authority (IEPFA).
Citizens can also use existing portals – RBI’s UDGAM for unclaimed deposits, IRDAI’s Bima Bharosa for insurance proceeds, and SEBI’s MITRA for mutual‑fund assets – to trace what’s missing.
Earlier this week, the minister highlighted that Indian banks have recovered more than ₹10,000 crore of unclaimed deposits over the past three years. Both public and private banks have returned thousands of dormant or forgotten accounts to their owners between April 2022 and November 2025.
Under the RBI’s Depositor Education and Awareness (DEA) Fund Scheme, banks must move balances held in savings, current or term deposits that have gone unclaimed for ten years into a central fund managed by the apex bank. As of 30 June, public sector banks have contributed over ₹58,000 crore to this fund – with the State Bank of India alone accounting for ₹19,330 crore – while private banks have added another ₹9,000 crore, led by ICICI, HDFC and Axis.
Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in world News on Latest NewsX. Follow us on social media Facebook, Twitter(X), Gettr and subscribe our Youtube Channel.
