In an effort to “convert a forgotten financial asset into a new opportunity,” Indian Prime Minister Narendra Modi has asked people to see if they or their family have unclaimed investments or deposits.
Modi stated that many Indians might not be aware that their money has been unclaimed for years in a post on X on Wednesday morning. His letter included a link to a thorough LinkedIn note in which he elaborated on statistics he had previously presented at the Hindustan Times Leadership Summit.
Modi claims that Indian banks have unclaimed deposits totalling Rs 78,000 crore, or around Dh318 billion. Mutual fund businesses have unclaimed assets of Rs3,000 crore (Dh12.24 billion), insurance companies have unclaimed assets of Rs14,000 crore (Dh57 billion), and dividends totaling Rs9,000 crore (Dh36.73 billion) have not been claimed.
In October 2025, the government launched the “Aapki Poonji, Aapka Adhikar Your Money, Your Right” campaign to address the issue and make it easier for residents to identify and retrieve what is legally theirs. Modi emphasized that people may now more easily and transparently track unclaimed bank deposits, insurance earnings, mutual fund sums, and unpaid dividends through specialized portals from the RBI, IRDAI, SEBI, and the Ministry of Corporate Affairs.
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