The government launches a three-month initiative on Oct. 4 to help citizens recover forgotten financial assets through coordinated efforts with banking and securities regulators. Finance Minister Nirmala Sitharaman will inaugurate the Your Money Your Right campaign in Gandhinagar that runs through December 2025. Officials will demonstrate digital tools and provide immediate assistance for locating unclaimed bank deposits, insurance proceeds, dividends and mutual fund balances.
The Department of Financial Services partners with the Reserve Bank of India, IRDAI, SEBI and the Investor Education and Protection Fund Authority for the nationwide program. Banks transfer inactive savings accounts and unclaimed term deposits to the DEA fund after 10 years. The ministry established standard procedures and addressed common questions to streamline the claims process. Financial institutions will operate exhibition stalls to promote awareness and expand access to banking services across households.
The Department of Financial Services partners with the Reserve Bank of India, IRDAI, SEBI and the Investor Education and Protection Fund Authority for the nationwide program. Banks transfer inactive savings accounts and unclaimed term deposits to the DEA fund after 10 years. The ministry established standard procedures and addressed common questions to streamline the claims process. Financial institutions will operate exhibition stalls to promote awareness and expand access to banking services across households.
