PM Modi Encourages Participation in Your Money, Your Right Movement to Recover Unclaimed Assets

Prime Minister Narendra Modi has called on citizens to engage in the Your Money, Your Right initiative. This movement has successfully returned Rs 2,000 crore of unclaimed assets to rightful owners over the past two months. The campaign, launched on October 4, aims to help people reclaim unclaimed financial assets such as bank deposits, insurance, dividends, shares, mutual funds, and pensions.

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Through a collaborative effort involving the government, regulatory bodies, banks, and financial institutions, nearly Rs 2,000 crore has been returned to rightful owners. Modi shared this update in a social media post. He highlighted the importance of scaling up this movement and encouraged public participation in the Your Money, Your Right campaign.

Unclaimed Assets in India

Indian banks currently hold Rs 78,000 crore of unclaimed money belonging to citizens. Insurance companies have approximately Rs 14,000 crore lying unclaimed. Additionally, mutual fund companies have around Rs 3,000 crore unclaimed, while dividends worth Rs 9,000 crore remain unclaimed.

From October to December 5, 2025, camps were organised in 477 districts across India. These camps involved public representatives, district administrations, and officials from financial institutions. The aim was to facilitate the settlement of unclaimed financial assets to their legitimate claimants.

The Prime Minister emphasised the need for increased participation in the Your Money, Your Right movement. He urged people to come forward and claim their rightful assets. The campaign seeks to address the issue of unclaimed financial assets and ensure they are returned to their legitimate owners.

The government's initiative highlights the significant amount of unclaimed money held by various financial entities in India. By raising awareness and encouraging participation, the campaign aims to return these assets to their rightful owners.

This movement represents a coordinated effort by various stakeholders to address the issue of unclaimed financial assets. Through continued collaboration and public engagement, the campaign aims to return more assets to their legitimate claimants in the future.

With inputs from PTI