Unified portal coming soon for all unclaimed deposits, shares and insurance funds: DFS Secretary

The Finance Ministry is collaborating with the Reserve Bank of India (RBI) to build a single unified portal that will allow savers and retail investors to claim unclaimed assets across multiple financial instruments, including bank deposits, pension funds, shares, and dividends, according to Department of Financial Services (DFS) Secretary M. Nagaraju, PTI reported.

Speaking at a mega camp on ‘Aapki Poonji Aapka Adhikar’ (Your Money, Your Right) organised by Punjab National Bank in New Delhi, he said the portal is expected to be launched soon.

"The Department of Financial Services is working with the Reserve Bank of India (RBI) to develop a unified integrated portal...for across all the regulators and to be coordinated by the RBI," he said, according to PTI.

What are unclaimed deposits?

These idle funds accumulate across financial institutions even as their rightful owners or nominees remain unaware.

Existing mechanisms: UDGAM, MITRA, Bima Bharosa

• RBI: UDGAM

• SEBI: MITRA

• IRDAI: Bima Bharosa

The proposed integrated portal will unify these services, significantly improving convenience, transparency, and trust for citizens searching for unclaimed funds.

Finance Minister Nirmala Sitharaman on October 4 launched a three-month nationwide awareness campaign (October–December 2025) on unclaimed assets titled ‘Aapki Poonji, Aapka Adhikar’. The initiative is led by the Department of Financial Services in coordination with RBI, IRDAI, SEBI and the Investor Education and Protection Fund Authority (IEPFA).

During the campaign, the citizens will be provided with on-the-spot guidance on how to search for their unclaimed assets, update records and complete claim procedures. Digital tools and step-by-step demonstrations will also be showcased.

Unclaimed deposits recovered so far

Updating on progress, Nagaraju said outreach and facilitation activities have already enabled the return of ₹1,887 crore to rightful owners or their nominees. He added that the government aims to accelerate settlements as more camps are organised and digital tools expand access.