Government Returns Rs 1,887 Crore in Unclaimed Financial Assets to Citizens in Just Two Months

The government has successfully returned more than ?1,887 crore in unclaimed financial assets—including old insurance claims and dormant bank deposits—to their rightful owners under the newly launched ‘Your Money, Your Right’ campaign, Department of Financial Services Secretary M. Nagaraju announced on Thursday.

Speaking at a mega outreach camp in Delhi alongside Chief Minister Rekha Gupta and Union Minister of State for Finance Pankaj Chaudhary, Nagaraju emphasised the campaign’s significant progress across the country.

Large Amount Still Unclaimed in Delhi

Highlighting the situation in the national capital, Nagaraju revealed that as of August 31, unclaimed assets worth ?3,210.84 crore related to Delhi remain pending under the Depositor Education and Awareness Fund.
He stressed that this huge amount remains inaccessible due to low awareness, outdated account details, or incomplete documentation.

To help citizens reclaim their rightful dues, the mega camp offered guidance on recovering unclaimed financial assets such as:

• Bank deposits

• Insurance policy payouts

• Shares and dividends

• Mutual fund proceeds

Awareness Efforts in Multiple Languages

Nagaraju noted that the government prioritised making the process simple and accessible.
A multilingual campaign video and detailed booklets containing FAQs and standard operating procedures have been circulated widely in various regional languages. These resources, he said, are helping families confidently navigate the claims process.

Nationwide Response Strong

The Secretary said the response across India has been highly encouraging:

• Mega district-level camps have been held in 272 districts.

• 102 more camps are scheduled to take place tomorrow.

• All districts across the country are expected to be covered within the campaign timeline.

MPs, MLAs, and senior state officials are actively participating to ensure maximum public involvement.

Delhi Government’s Support

Delhi Chief Minister Rekha Gupta said the campaign demonstrates the government’s commitment to service delivery through digital facilitation.
She assured full support from the Delhi government to help organise camps and assist citizens in reclaiming their unclaimed funds.
Gupta urged residents to review their bank accounts, fixed deposits, insurance policies, shares, and mutual fund investments and visit the camps to retrieve pending amounts.

Campaign to Reach Every District

Union Minister Pankaj Chaudhary stated that the campaign is on track to reach every district between October and December, ensuring that no citizen is deprived of their accumulated financial assets.

With inputs from IANS