- Three-month drive to empower citizens to trace and claim their savings, from Gandhinagar on October 4
- A special financial inclusion exhibition is also planned, featuring participation from banks, insurance companies, pension funds, and mutual fund institutions—giving citizens direct access to claim-support desks
- The Ministry has urged citizens to actively participate, spread awareness within families and communities, and help ensure that unclaimed savings find their rightful beneficiaries
NE BUSINESS BUREAU
NEW DELHI, OCT 1
Union Finance and Corporate Affairs Minister Nirmala Sitharaman will on Sayurday, October 4, 2025, launch a three-month nationwide financial awareness campaign on unclaimed financial assets, titled “आपकी पूँजी, आपका अधिकार” (Your Money, Your Right), from Gandhinagar, Gujarat.
The campaign, running from October to December 2025, is being spearheaded by the Department of Financial Services (DFS) under the Ministry of Finance, in collaboration with the Reserve Bank of India (RBI), Insurance Regulatory and Development Authority of India (IRDAI), Securities and Exchange Board of India (SEBI) and the Investor Education and Protection Fund Authority (IEPFA) under the Ministry of Corporate Affairs.
Addressing the Issue of Dormant Wealth
Across India, large amounts of citizens’ savings remain locked as unclaimed assets in bank deposits, insurance policies, dividends, shares, and mutual fund proceeds. These often go unclaimed due to lack of awareness, incomplete documentation, or outdated account details.
The awareness drive will provide on-the-spot assistance to individuals on how to:
- Search for their unclaimed assets across financial institutions.
- Update records and nominee details.
- Complete claim procedures in a simplified, transparent manner.
Tools for Financial Empowerment
The campaign will also showcase digital tools, step-by-step demonstrations, Standard Operating Procedures (SOPs), and FAQs developed by respective regulators to make the claim process seamless.
A special financial inclusion exhibition is also planned, featuring participation from banks, insurance companies, pension funds, and mutual fund institutions—giving citizens direct access to claim-support desks.
Strengthening Financial Inclusion
Officials said the Government’s larger aim is to ensure “every rupee saved by citizens returns to their rightful owner or legal heir.”
By driving awareness and simplifying procedures, the initiative seeks to:
- Strengthen trust in India’s financial system.
- Prevent citizens’ savings from being locked in perpetuity.
- Promote financial literacy and inclusion across households.
The Ministry has urged citizens to actively participate, spread awareness within families and communities, and help ensure that unclaimed savings find their rightful beneficiaries.
