New Delhi, Dec 10 (NationPress) Prime Minister Narendra Modi announced on Wednesday that the ‘Your Money, Your Right’ initiative is designed to empower every citizen to reclaim their rightful assets, as a staggering sum of thousands of crores remains unclaimed in Indian banks, insurance firms, and mutual funds.

In a LinkedIn post, PM Modi expressed that “this is an opportunity to transform a forgotten financial asset into a new opportunity,” urging citizens to “join together in creating a transparent, financially empowered, and inclusive India!”

During a speech at the recent Hindustan Times Leadership Summit, he revealed some shocking statistics.

“Indian banks possess Rs 78,000 crore of unclaimed money belonging to our citizens. Insurance companies hold around Rs 14,000 crore unclaimed. Mutual fund companies have nearly Rs 3,000 crore, along with Rs 9,000 crore in unclaimed dividends,” he stated.

In his post, PM Modi noted that these statistics have surprised many.

“These assets are the hard-earned savings and investments of numerous families. To address this issue, the ‘Your Money, Your Right’ initiative was initiated in October 2025. The goal is to enable every citizen to reclaim what is rightfully theirs,” he emphasized.

To simplify and clarify the process of tracing and claiming these funds, dedicated portals have been established.

The Reserve Bank of India (RBI) has the UDGAM Portal for unclaimed bank deposits; the Insurance Regulatory and Development Authority of India (IRDAI) has the Bima Bharosa Portal for unclaimed insurance policy proceeds; the Securities and Exchange Board of India (SEBI) has the MITRA Portal for unclaimed mutual fund amounts; and the Ministry of Corporate Affairs offers the IEPFA Portal for unpaid dividends and unclaimed shares.

“I am pleased to announce that as of December 2025, facilitation camps have been held in 477 districts throughout rural and urban India, with a focus on reaching remote areas. Thanks to the collaborative efforts of all stakeholders including the government, regulatory bodies, banks, and financial institutions, nearly Rs 2,000 crore has already been returned to rightful owners,” PM Modi remarked.

The Prime Minister further noted that the movement will expand in the near future.

“To facilitate this, I urge you to do the following: check if you or your family have any unclaimed deposits, insurance proceeds, dividends, or investments. Please visit the portals mentioned and utilize the facilitation camps in your district,” PM Modi concluded.