Government Introduces Centralized Portal for Unclaimed Financial Assets Management

Finance Ministry Launches Unified Online Platform for Unclaimed Bank Deposits and Assets

The finance ministry on Friday launched a single unified online platform for citizens to search and trace unclaimed bank deposits, insurance claims, shares, and mutual funds across the financial ecosystem. The portal, accessible at https://www.unclaimedassetsportal.in, serves as a unified platform providing access to search facilities relating to unclaimed bank deposits, insurance claims, shares, dividends, and mutual funds available across the financial ecosystem.

The initiative is expected to enhance public awareness, improve ease of access to information, and contribute to the vision of Viksit Bharat 2047 through greater financial empowerment, inclusion, and trust in the financial system, the finance ministry said in a statement. The portal has been launched in collaboration with PSB Alliance to facilitate easier access to information relating to unclaimed financial assets.

Department of Financial Services Secretary M Nagaraju launched the unified platform during the review meeting of public sector banks. The initiative builds upon the nationwide campaign 'Your Money, Your Right', undertaken by the Department of Financial Services in coordination with financial sector regulators, banks, and other stakeholders to facilitate awareness, tracing, and restitution of unclaimed financial assets.

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The unified platform is expected to improve citizen convenience by bringing together access to multiple search facilities on a single platform and strengthen ongoing efforts towards reconnecting individuals with their rightful financial assets. The Common Landing Portal marks an important step towards building a more accessible, transparent, and citizen-centric financial ecosystem.