₹1.08 Lakh Crore Is Sitting Unclaimed Across India's Banks, Insurers and Mutual Funds — One Portal Can Now Help You Find Yours
Somewhere in India's financial system, there is money that belongs to you — or to someone in your family — that nobody has claimed. An old savings account that stopped being used after a job change. A fixed deposit that matured and was never renewed. A life insurance policy whose payout was never collected. A mutual fund investment made years ago and since forgotten.
Approximately ₹1.08 lakh crore in unclaimed funds are sitting idle across banks, mutual funds, insurance providers, and unpaid dividend accounts across India. Until last week, finding any of it required navigating five different platforms operated by five different regulators — a process so fragmented that most people gave up before they started. That has now changed.
WHAT LAUNCHED AND WHERE TO ACCESS IT
The Union Finance Ministry officially launched a single integrated platform on May 29, 2026, accessible at www.unclaimedassetsportal.in. The Department of Financial Services, in collaboration with the PSB Alliance, introduced the common landing portal during a comprehensive review meeting of public sector banks, with Finance Secretary M. Nagaraju officiating the launch.
The portal is expected to simplify the process of searching unclaimed assets by bringing multiple financial sector search facilities together under one digital interface — improving citizen convenience and strengthening efforts to reconnect people with their rightful funds.
THE PROBLEM IT SOLVES
The fragmentation of India's unclaimed asset tracking system was genuinely bewildering. People currently have to use separate mechanisms for different asset types: RBI's UDGAM portal for bank deposits, SEBI's MITRA platform for securities and mutual funds, IRDAI's Bima Bharosa for insurance claims, the Ministry of Corporate Affairs' IEPF system for unclaimed dividends and shares, and separate EPFO systems for provident fund claims.
Families dealing with a deceased relative's finances — the situation where unclaimed assets accumulate most — faced an impossible task of navigating all five systems with mismatched names, outdated addresses, and incomplete documentation. The unified portal consolidates all five into one searchable interface.
HOW MUCH HAS ALREADY BEEN RECOVERED
The government began laying the groundwork for this launch through a nationwide awareness campaign called "Mera Paisa, Mera Haq" (Your Money, Your Right). In just October and November 2025 — the first two months of the campaign — ₹2,000 crore in unclaimed assets was returned to rightful owners.
That figure suggests the demand for a simpler retrieval system was enormous — and that the unified portal, by removing the navigation barrier, could accelerate recoveries significantly.
HOW TO USE IT — RIGHT NOW
Visit www.unclaimedassetsportal.in on any device. Enter your name, PAN, Aadhaar number, or mobile number. The portal searches across connected databases simultaneously and returns results showing any unclaimed amounts associated with your details. From there, it directs you to the relevant institution's claim process.
The search takes under two minutes. The money, if you find any, is yours. Check for yourself. Then check for your parents.
Nikunjj Jhawar is a Chartered Accountant (CA) and Chartered Financial Analyst (CFA) with nearly two decades of experience in the financial services industry. Having worked with global institutions such as HSBC and Credit Suisse in investment-related roles, he brings deep expertise in finance and markets. He is the Founder of mangopeoplenews.com, where he focuses on making complex topics in finance, markets and business accessible and relevant to everyday readers.
