Delhi: Prime Minister Narendra Modi on Wednesday announced that the government’s ‘Your Money, Your Right’ initiative has already helped return nearly Rs 2,000 crore to rightful owners. Launched in October 2025, the movement aims to help citizens reclaim forgotten bank deposits, insurance proceeds, dividends, and mutual fund investments.
In a post on social media, PM Modi urged citizens to participate actively. “Here is a chance to convert a forgotten financial asset into a new opportunity. Take part in the ‘Your Money, Your Right’ movement!” he said, emphasizing that the initiative seeks to ensure every citizen can reclaim what is legally theirs.
The Prime Minister highlighted that a substantial amount of public money remains unclaimed across financial institutions in India. Banks are holding Rs 78,000 crore in dormant accounts, insurance companies have nearly Rs 14,000 crore, mutual fund firms have Rs 3,000 crore, and dividends worth Rs 9,000 crore are yet to be claimed.
To make the process transparent and accessible, dedicated online portals have been set up by government agencies:
- RBI UDGAM Portal – for unclaimed bank deposits and balances
- IRDAI Bima Bharosa Portal – for unclaimed insurance proceeds
- SEBI MITRA Portal – for unclaimed mutual fund investments
- MCA IEPFA Portal – for unpaid dividends and unclaimed shares
The government has also organised facilitation camps in 477 districts, including remote rural areas, to ensure maximum outreach. Through the coordinated efforts of banks, regulatory authorities, and government departments, nearly Rs 2,000 crore has already been returned to citizens.
PM Modi urged people to check if they or their family members have unclaimed deposits or investments. “Act now to claim what is yours and convert a forgotten financial asset into a new opportunity. Your money is yours. Let us make sure that it finds its way back to you. Together, let us build a transparent, financially empowered, and inclusive India!”
