As of March 24, 2026, Indian financial regulators (RBI, SEBI, and IRDAI) have intensified their “Your Money, Your Right” campaign. While the initiative has successfully returned over ₹5,777 crore to nearly 23 lakh claimants, the total pool of unclaimed assets in India remains staggering, particularly within public sector banks.
1. The Scale of Unclaimed Assets (March 2026 Data)
Despite the recent successful outreach, billions remain parked in regulatory funds.
| Asset Type | Amount Unclaimed | Managed By |
| Bank Deposits | ₹60,518 crore | RBI (DEA Fund) |
| Insurance Proceeds | ₹8,973.89 crore | IRDAI |
| Mutual Funds | ₹3,749.34 crore | SEBI |
2. How to Track Your Money: The Digital Portals
Each regulator has established a specific digital gateway to help citizens search for forgotten funds using basic details like name, PAN, or mobile number.
- Bank Deposits: Use the UDGAM Portal (Unclaimed Deposits – Gateway to Access Information).
- Insurance Policies: Use the Bima Bharosa platform.
- Mutual Funds/Stocks: Use the MITRA platform.
- The Future: An inter-regulatory working group is currently developing a single integrated portal to allow users to search all financial sectors at once.
3. New Reforms to Speed Up Recovery
The government has introduced several “ease of claim” measures to reduce the bureaucratic hurdles that often discourage rightful heirs:
- Incentive Scheme: The RBI now offers a 5%–7.5% payout for the successful recovery of long-term unclaimed deposits.
- Simplified Documentation: SEBI has reduced paperwork for mutual fund claims up to ₹5 lakh.
- Mandatory Nominees: IRDAI now mandates collecting nominee details at the very start of a policy proposal to prevent future assets from going unclaimed.
- Image-Based Systems: Processing for many claims has moved to digital, image-based verification to cut down on physical branch visits.
Summary for Citizens
The primary reason funds go unclaimed is a lack of updated nominee information or forgotten accounts from deceased family members. If you suspect a family member had an old fixed deposit or insurance policy, the UDGAM and Bima Bharosa portals are your best starting points.
