Why in news?
The Department of Financial Services launched a unified portal on 29 May 2026 to help citizens trace unclaimed deposits, insurance claims, shares and mutual funds. The portal, accessible at unclaimedassetsportal.in, consolidates search tools from multiple financial institutions and supports the “Your Money, Your Right” campaign.
Background
Over time people forget about dormant bank accounts, unpaid insurance policies or dividends. Regulators hold such unclaimed assets until the rightful owners or their heirs claim them. Previously, individuals had to search across various bank and regulator websites. The new portal brings these services together, improving access and transparency and encouraging financial inclusion.
How the portal works
- Single access point: Users can enter their name and relevant details on one website to search across unclaimed bank deposits, insurance policies, shares, dividends and mutual fund units. The portal interfaces with participating banks, insurance companies and depositories to retrieve available information.
- Part of an awareness campaign: The portal supports the “Aapki Poonji, Aapka Adhikar” campaign that encourages people to reconnect with their money. Public sector banks and financial regulators are working together to educate citizens about unclaimed assets and provide assistance in filing claims.
- Citizen‑centric design: By centralising search facilities, the portal reduces the time and confusion associated with tracing old accounts. It aims to enhance trust in the financial system and contribute to the government’s goal of financial empowerment and inclusion by 2047.
Conclusion
The common portal is an important step towards protecting citizens’ rights over their money. It simplifies the process of locating unclaimed assets, raises public awareness and supports efforts to build a more transparent and inclusive financial ecosystem.