Date: October 2025
Author: [Krishna]
Your Money, Your Rights
Your Money, Your Rights : In a major step toward empowering citizens financially, Union Finance Minister Nirmala Sitharaman launched the nationwide campaign “Your Money, Your Rights” on Saturday. The initiative aims to help people reclaim their unclaimed financial assets from banks, insurance companies, the Reserve Bank of India (RBI), SEBI, and the Investor Education and Protection Fund (IEPF).
The campaign, set to run for three months across India, will focus on awareness, outreach, and action to ensure that citizens can retrieve money that rightfully belongs to them.
Table of Contents
₹1.84 Lakh Crore in Unclaimed Funds
According to the Finance Minister, approximately ₹1.84 lakh crore is lying unclaimed in various financial institutions in India. These unclaimed assets include:
- Bank deposits
- Insurance proceeds
- Provident funds
- Shares and mutual funds
Sitharaman emphasized that this money is completely safe and can be claimed at any time by providing valid documents. She reassured the public, saying, “The government is only the caretaker; the money belongs to the people.”
Three-Pronged Focus: Awareness, Outreach, and Action
The “Your Money, Your Rights” campaign revolves around three essential pillars:
- Awareness – Informing people that they may have unclaimed funds waiting for them.
- Outreach – Simplifying the process to claim these funds so that no one faces unnecessary hurdles.
- Action – Ensuring that citizens actually receive their money without delay.
The Finance Minister urged all officials involved to focus on these three aspects to maximize the campaign’s effectiveness.
How to Claim Your Unclaimed Money
Over time, unclaimed funds are transferred between authorities. For example:
- Bank deposits move to the RBI
- SEBI-related funds go to the EPF or IEPF
To simplify the process, the RBI has launched an online portal called UDGAM (Unclaimed Deposits – Gateway to Access Information). Through UDGAM, citizens can:
- Check if they have any unclaimed money
- Submit claims with valid documents
- Receive funds directly without any delays
Sitharaman assured that once the claim is verified, the money will be returned promptly.
Government’s Message
The launch of “Your Money, Your Rights” sends a strong message about financial inclusivity and citizen empowerment. By making unclaimed funds easily accessible, the government ensures transparency and builds trust in the financial ecosystem.
The Finance Minister also highlighted India’s resilience in the global financial landscape, stating that the country continues to withstand global shocks despite economic uncertainties.
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Key Takeaways
- Campaign Duration: 3 months
- Unclaimed Funds: ₹1.84 lakh crore
- Primary Authorities: Banks, RBI, SEBI, IEPF
- Portal for Claims: UDGAM Portal
- Eligibility: All citizens with unclaimed deposits, PF, insurance proceeds, or shares
This campaign is an excellent opportunity for citizens to claim their rightful financial assets and underscores the government’s commitment to financial empowerment and transparency
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