Prime Minister Narendra Modi has urged citizens to reclaim unclaimed funds through the ‘Your Money, Your Right’ initiative, highlighting that crores remain idle across banks, insurers, mutual funds, and dividend accounts.
Framing the effort as a national push towards financial transparency and empowerment, Prime Minister Narendra Modi said the ‘Your Money, Your Right’ initiative is intended to help people retrieve what belongs to them, as vast sums remain untouched across multiple financial institutions.
In a LinkedIn post, the Prime Minister wrote that “here is a chance to convert a forgotten financial asset into a new opportunity”, adding that “together, let us build a transparent, financially empowered and inclusive India!”
Crores lying unclaimed across banks, insurers and mutual funds
PM Modi referred to figures he shared at the Hindustan Times Leadership Summit, noting, “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.”
Here is a chance to convert a forgotten financial asset into a new opportunity.
Take part in the ‘Your Money, Your Right’ movement! https://t.co/4Td6wyz99i@LinkedIn
— Narendra Modi (@narendramodi) December 10, 2025
In his post, he said these facts “have startled a lot of people”, stressing that such amounts reflect “the hard-earned savings and investments of countless families”. He added that the ‘Your Money, Your Right’ initiative, launched in October 2025, was designed “to ensure every citizen can reclaim what is rightfully his or hers”.
To streamline the tracing and claiming of funds, specific portals have been put in place. The Reserve Bank of India offers the UDGAM Portal for unclaimed bank deposits and balances; the Insurance Regulatory and Development Authority of India runs the Bima Bharosa Portal for unclaimed insurance proceeds; the Securities and Exchange Board of India operates the MITRA Portal for unclaimed mutual fund amounts, and the Ministry of Corporate Affairs provides the IEPFA Portal for unpaid dividends and unclaimed shares.
Initiative expands reach as returns cross Rs 2,000 crore
PM Modi said that by December 2025, facilitation camps had been held in 477 districts across rural and urban India, with particular attention to remote regions. He noted that “through the coordinated efforts of all stakeholders, notably the government, regulatory bodies, banks and other financial institutions, nearly Rs 2,000 crore has already been returned to the rightful owners”.
Looking ahead, he said the movement will be intensified, urging citizens to participate. “For that to happen, I request you for assistance on the following: Check whether you or your family have unclaimed deposits, insurance proceeds, dividends or investments; visit the portals I have mentioned and make use of facilitation camps in your district,” the Prime Minister said.
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