India Launches Portal to Help Citizens Recover Unclaimed Financial Assets

India has launched a centralized online portal aimed at helping citizens track down and recover unclaimed financial assets scattered across the financial system. Introduced under the 'Your Money, Your Right' campaign, the platform serves as a single entry point connecting multiple regulator-managed claim systems, covering dormant bank deposits, unclaimed insurance policy amounts, unpaid dividends and mutual fund investments. Through the portal, users can trace old savings accounts, fixed deposits, recurring deposits and other inactive holdings, linking to existing tools such as the central bank's unclaimed-deposits search facility. The initiative is designed to simplify what has traditionally been a fragmented and cumbersome process, in which individuals had to approach banks, insurers and market intermediaries separately to reclaim money lying idle for years. Officials say the effort aims to improve transparency, strengthen financial inclusion and ensure that households can recover assets without navigating complicated procedures. Large sums remain unclaimed across India's banks, insurers and capital markets, often because account holders move, forget about old policies, or heirs are unaware of a deceased relative's holdings. A unified, easy-to-use recovery channel could help return more of that money to its rightful owners.