Key Highlights:
- Prime Minister Narendra Modi calls for active involvement in the ‘Your Money, Your Right’ movement, launched in October 2025 to recover unclaimed financial assets worth over Rs 1 lakh crore across banks, insurance, mutual funds and dividends.
- Dedicated portals by RBI, IRDAI, SEBI and Ministry of Corporate Affairs simplify claims; Rs 2,000 crore already returned through 477 district camps by December 2025.
- Unclaimed deposits in banks reached Rs 67,270 crore as of June 2025, with public sector banks holding 87 per cent, highlighting urgency for citizens to check family assets.
Opening Overview
Prime Minister Narendra Modi has urged every Indian to join the ‘Your Money, Your Right’ movement, a nationwide drive transforming forgotten savings into active wealth. Launched on October 4, 2025, by the government, this initiative targets unclaimed deposits, insurance proceeds, mutual fund balances and unpaid dividends totaling massive sums. Banks alone hold Rs 78,000 crore in such assets, as highlighted by PM Modi, alongside Rs 14,000 crore from insurance firms and Rs 3,000 crore in mutual fund units with Rs 9,000 crore dividends pending.
Here is a chance to convert a forgotten financial asset into a new opportunity.
— Narendra Modi (@narendramodi) December 10, 2025
Take part in the ‘Your Money, Your Right’ movement! https://t.co/4Td6wyz99i@LinkedIn
These figures underscore a hidden financial treasure for millions of families, often lost due to outdated records or relocation. The ‘Your Money, Your Right’ movement operates on awareness, accessibility and action, with facilitation camps reaching remote districts. Citizens can now access user-friendly portals to trace and reclaim funds seamlessly. PM Modi’s LinkedIn post emphasized that Rs 2,000 crore has returned to owners already, proving the system’s effectiveness. This push aligns with broader financial inclusion goals, ensuring no hard-earned rupee stays dormant.​
Participation empowers individuals while boosting economic circulation. Families should verify accounts of elders or deceased relatives promptly. The movement’s success depends on collective action, converting unclaimed assets into opportunities for education, business or retirement security.
Scale of Unclaimed Deposits in Indian Banks
- RBI data shows Rs 67,270 crore in unclaimed deposits as of June 2025, predominantly with public sector banks.
- State Bank of India leads with nearly Rs 19,330 crore, urging widespread checks via UDGAM portal.
The ‘Your Money, Your Right’ movement spotlights unclaimed deposits as a primary focus, with Indian banks safeguarding vast sums from inactive accounts. Deposits qualify as unclaimed after 10 years of no transactions in savings or current accounts, or post-maturity for term deposits. RBI’s latest parliamentary disclosure reveals Rs 67,270 crore accumulated by June 2025, up from prior years, with public sector banks accounting for 87 per cent or about Rs 58,500 crore.​
This scale reflects challenges like migration, demise without nominees or simple oversight. State Bank of India holds the largest share at Rs 19,330 crore, followed by Punjab National Bank and Canara Bank each over Rs 6,000 crore. Private banks like ICICI contribute Rs 2,063 crore. The UDGAM portal, RBI’s centralized platform launched earlier, now integrates with the ‘Your Money, Your Right’ drive, enabling searches across 30 major banks using Unique Deposit Reference Number (UDRN). Over 8.5 lakh users registered by July 2025, reclaiming portions through streamlined processes.​
| Bank Name | Unclaimed Deposits (Rs Crore, June 2025) |
|---|---|
| State Bank of India | 19,330 |
| Punjab National Bank | 6,000+ |
| Canara Bank | 6,000+ |
| Union Bank of India | 5,104.50 |
| ICICI Bank | 2,063.45 |
| Total (All Banks) | 67,270 ​ |
RBI mandates banks to intensify settlements from October to December 2025, aligning perfectly with the ‘Your Money, Your Right’ timeline. Citizens must register on https://udgam.rbi.org.in to start, uploading KYC for quick refunds to DEA Fund accounts.
Unclaimed Insurance Proceeds and Recovery Efforts
- IRDAI reports Rs 20,062 crore unclaimed by March 2024 end, down from Rs 22,237 crore via special drives.
- Bima Bharosa and insurer portals aid claims under ‘Your Money, Your Right’ framework.
Insurance forms a critical pillar of the ‘Your Money, Your Right’ movement, where policyholders or nominees overlook maturity benefits, death claims or surrenders. IRDAI data indicates Rs 20,062 crore lay unclaimed by FY24 close, reduced through a six-month campaign from June to November 2023 that cleared Rs 1,018 crore net. Public sector life insurers dominate payouts, with total benefits hitting Rs 5.77 lakh crore in FY24, yet gaps persist due to address changes or unupdated nominees.​
The movement leverages Bima Sugam and IRDAI’s Bima Bharosa portal for one-stop searches across insurers. During October-December 2025 camps, demonstrations guide users on uploading policies and proofs digitally. PM Modi noted Rs 14,000 crore awaits reclamation, emphasizing rural outreach in 477 districts. Over 70 per cent of claims involve group policies or lapsed individual plans, often from joint family holdings.​
Success stories from prior drives show refunds within weeks post-verification. IRDAI’s February 2024 Master Circular refined definitions, mandating insurers to curb accumulation via proactive tracing. Participants in ‘Your Money, Your Right’ report higher success rates with on-site helpdesks, turning overlooked proceeds into vital funds for healthcare or emergencies.
Mutual Funds, Dividends and Shares in the Spotlight
- SEBI notes Rs 3,452 crore unclaimed in mutual funds by March 2025, up 20 per cent yearly.
- IEPF handles Rs 1 lakh crore+ in shares/dividends; IEPFA portal digitizes claims.
Mutual funds and dividends represent growing unclaimed pools under the ‘Your Money, Your Right’ initiative, with SEBI reporting Rs 3,452 crore by FY25 end: Rs 1,128 crore redemptions and Rs 2,324 crore dividends. This 20 per cent rise from Rs 2,862 crore stems from inactive folios, outdated KYC or forgotten investments amid market booms. The proposed MITRA platform will trace folios centrally, complementing AMC websites.​
Unpaid dividends and matured shares transfer to IEPF after seven years, now exceeding Rs 1 lakh crore per MCA updates. The IEPFA portal at iepf.gov.in allows Form IEPF-5 filings online, with recent integrations speeding validation via depositories. PM Modi highlighted Rs 9,000 crore dividends and Rs 3,000 crore units, urging checks for ancestral portfolios.​
| Category | Amount (Rs Crore, March 2025) | Change YoY |
|---|---|---|
| Unclaimed Redemptions | 1,128 | +10% ​ |
| Unclaimed Dividends | 2,324 | +26% |
| Total MF Unclaimed | 3,452 | +20% |
Camps demonstrate SEBI’s investor education tools, ensuring even novice users reclaim with appreciation earned on deployed funds.
Portals and Camps Driving the ‘Your Money, Your Right’ Momentum
- UDGAM (RBI), Bima Bharosa (IRDAI), MITRA (SEBI), IEPFA (MCA) form digital backbone.
- 477 districts hosted camps by December 2025, returning Rs 2,000 crore swiftly.
The ‘Your Money, Your Right’ movement thrives on technology and grassroots efforts, with four key portals centralizing access. RBI’s UDGAM at udgam.rbi.org.in covers 90+ per cent unclaimed deposits; IRDAI’s Bima Bharosa links insurers; SEBI’s forthcoming MITRA targets folios; MCA’s IEPFA at iepf.gov.in manages shares/dividends. Users register, search by name/PAN and submit e-verified claims.​
Facilitation camps in 477 districts, including remote areas, featured live demos, multilingual FAQs and instant KYC. Coordinated by Department of Financial Services with regulators, these events processed thousands daily. By December 5, 2025, Rs 2,000 crore flowed back, validating the 3A framework: Awareness via media, Accessibility through portals, Action at camps.​ Rural participation surged, with district officials partnering banks. SOPs ensure transparency, reducing fraud risks. This infrastructure positions India for sustained financial literacy.
Closing Assessment
The ‘Your Money, Your Right’ movement marks a pivotal step toward a claim-free financial ecosystem, reclaiming over Rs 2,000 crore in months and targeting lakhs more. PM Modi’s call resonates: unclaimed assets like Rs 67,270 crore deposits and Rs 20,062 crore insurance are family fortunes waiting to unlock potential. Portals and camps democratize access, fostering inclusion.​
Yet challenges remain, from KYC gaps to nominee awareness. Banks and insurers must sustain momentum beyond December 2025. Citizens hold the key: regular portfolio reviews prevent future dormancy. This drive not only returns money but builds trust, propelling India’s transparent economy forward.
