Delhi Govt Launches Mega Drive
By Krishna Arya | Network Bharat
In a major citizen-first move, the Delhi Government has announced a mega collaboration with leading banks to help residents recover unclaimed money lying in old, dormant, or forgotten financial accounts. From long-lost bank deposits to insurance payouts that never reached the beneficiary, thousands of Delhiites may soon discover money that rightfully belongs to them.
This initiative aims to ensure that every resident, especially the middle class, senior citizens and working professionals, can reclaim their forgotten financial assets without hassles.
⭐ Why Unclaimed Money Is a Big Issue in India
India currently has ₹42,000+ crore lying as unclaimed deposits with banks and various financial institutions.
A large portion belongs to citizens who:
- shifted homes without updating bank details
- switched jobs, leaving PF or salary accounts inactive
- misplaced passbooks, FD receipts or policy documents
- never claimed insurance payouts
- forgot about old mutual fund folios
- had accounts linked to old phone numbers
- lost track of deceased family members’ investments
Delhi, being a major urban hub with high job mobility, sees a significant share of these unclaimed funds.
The Delhi Government’s latest drive aims to bring this money back into the hands of rightful owners.
⭐ How the Delhi Govt + Banks Mega Drive Will Work
The government will hold special assistance camps across all districts where citizens can walk in and check if they have any unclaimed financial assets. These camps will operate in partnership with major banks, insurance companies, EPFO support teams and mutual fund registrars.
🔹 1. Unclaimed Bank Deposits Search
Officials will help residents identify:
- dormant savings accounts
- old fixed deposits
- forgotten current accounts
- balances left behind in closed accounts
🔹 2. Insurance Payout Recovery
Citizens can check if there are pending payouts due to:
- outdated contact information
- unsubmitted claims
- mismatched bank details
- lapsed policy claims
🔹 3. Mutual Fund & Demat Recovery
People often forget folios linked to old phone numbers or email IDs. The camps will help:
- trace inactive folios
- link updated KYC details
- verify old investments
🔹 4. EPF & PF Account Assistance
Residents who changed jobs multiple times may have:
- old PF deposits
- unmatched UAN profiles
- unsettled claims
The drive will help merge and settle these accounts.
🔹 5. Support for Family Claims
Families can claim unclaimed accounts of deceased members using:
- death certificate
- identity proof
- nominee details
This is a major relief for families who never knew such funds existed.
⭐ Who Should Definitely Attend These Camps?
You might have unclaimed money if you:
- changed jobs after 2010
- changed your mobile number or email
- moved from one area/city to another
- opened accounts in multiple banks
- once held LIC or private insurance policies
- have senior citizen parents with old accounts
- lost old passbooks, FD slips or policy papers
Even those who worked part-time or during college may discover old salary accounts.
⭐ Documents Required for Claiming Unclaimed Money
To make verification smooth, residents should carry:
- Aadhaar Card
- PAN Card
- Updated mobile number
- Old passbooks or FD receipts (if available)
- Policy numbers
- Mutual fund folios
- UAN/PF details
- Death certificate for family claims
Even if documents are missing, camp officials will help track accounts using identity and address proof.
⭐ Why This Move Will Benefit Lakhs of People
This mega drive ensures:
✔ Money reaches rightful owners
Many families are unaware that they are entitled to money left behind in inactive accounts.
✔ No running from bank to bank
All major institutions participate under one roof.
✔ Senior citizens get guided assistance
A big relief for the elderly who struggle with digital systems.
✔ Faster claim process
Banks will use quick verification systems for on-spot checks.
✔ Public awareness increases
Citizens will learn how to keep their accounts updated to avoid future dormancy.
⭐ A Landmark Citizen-Centric Governance Initiative
The Delhi Government’s collaboration with banks reflects a powerful shift in governance — one that prioritises transparency, inclusion and convenience. By helping people reclaim forgotten wealth, the city is setting a national example for empowering citizens financially.
Camp locations, dates and helpline numbers will soon be released — and Network Bharat will keep you updated.
⭐ Final Thoughts
Delhi’s Mega Unclaimed Money Drive is not just a campaign — it is a hopeful opportunity for citizens to recover long-lost financial assets. Whether it’s an old FD, a PF account from a previous job, or an unclaimed insurance payout, this initiative ensures that people get what they rightfully deserve.
Stay connected with NetworkBharat.com for real-time updates, camp schedules and step-by-step claim guides.
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