India Launches Single Portal to Help Citizens Recover Unclaimed Financial Assets

The Indian government has launched a 'Your Money, Your Right' campaign built around a centralised portal designed to help citizens locate and reclaim unclaimed financial assets. The platform acts as a single entry point that connects the separate claim systems run by different regulators, covering dormant bank deposits, lapsed insurance policies, unpaid dividends and forgotten mutual fund investments. Users can trace old savings accounts, fixed deposits and recurring deposits through the Reserve Bank of India's UDGAM portal, which is linked into the new gateway. Until now, savers and heirs seeking to recover money often had to navigate multiple regulator websites and institution-specific processes, a fragmented experience that left large sums sitting untouched for years. By consolidating access, the initiative aims to cut the procedural burden, improve transparency and strengthen financial inclusion. Unclaimed balances across India's banking, insurance and capital markets sectors have grown steadily as accounts go dormant after a death, a relocation or simply neglect, and regulators have faced pressure to make the money easier to trace. The success of the portal will depend on how completely institutions feed data into it and how simple the claims process proves in practice.