‘Your Money, Your Right’ Movement Latest News
The Prime Minister recently called upon citizens to take part in the ‘Your Money, Your Right’ movement.
About ‘Your Money, Your Right’ Movement
- It was launched by the central government in October 2025.
- It is an initiative aimed at enabling people to reclaim their unclaimed deposits, insurance proceeds, dividends, and other financial assets.
- The effort brings together government agencies, regulators, banks, and financial institutions to identify and return long-forgotten funds.
- Indian banks are holding Rs 78,000 crore of unclaimed money belonging to our own citizens.
- Insurance companies have nearly Rs 14,000 crore lying unclaimed.
- Mutual fund companies have around Rs 3,000 crore, and dividends worth Rs 9,000 crore are also unclaimed.
- The deposits in accounts which are not operated for a period of 10 years are classified as unclaimed deposits.
- Under the initiative, individuals need to verify if their close family members or relatives have unclaimed deposits, insurance proceeds, mutual-fund payouts, or dividends.
- To facilitate this, the government has created dedicated portals as follows:
- Reserve Bank of India (RBI): UDGAM Portal for unclaimed bank deposits & balances.
- Insurance Regulatory and Development Authority of India (IRDAI): Bima Bharosa Portal for unclaimed insurance policy proceeds.
- Securities and Exchange Board of India (SEBI): MITRA Portal for unclaimed amounts in mutual funds.
- Ministry of Corporate Affairs: IEPFA Portal for unpaid dividends and unclaimed shares.
- Facilitation camps are being organised in districts across both rural and urban regions of the country.
- During the camps, the citizens will be provided on-the-spot guidance on how to search for their unclaimed assets, update records, and complete claim procedures.
- Digital tools and step-by-step demonstrations will also be showcased.
- On the national level, the campaign is coordinated by the Department of Financial Services (DFS), Ministry of Finance.
Source: PMI
Last updated on December, 2025
→ Check out the latest UPSC Syllabus 2026 here.
→ Join Vajiram & Ravi’s Interview Guidance Programme for expert help to crack your final UPSC stage.
→ UPSC Mains Result 2025 is now out.
→ UPSC Notification 2026 is scheduled to be released on January 14, 2026.
→ UPSC Calendar 2026 is released on 15th May, 2025.
→ The UPSC Vacancy 2025 were released 1129, out of which 979 were for UPSC CSE and remaining 150 are for UPSC IFoS.
→ UPSC Prelims 2026 will be conducted on 24th May, 2026 & UPSC Mains 2026 will be conducted on 21st August 2026.
→ The UPSC Selection Process is of 3 stages-Prelims, Mains and Interview.
→ UPSC Result 2024 is released with latest UPSC Marksheet 2024. Check Now!
→ UPSC Prelims Result 2025 is out now for the CSE held on 25 May 2025.
→ UPSC Toppers List 2024 is released now. Shakti Dubey is UPSC AIR 1 2024 Topper.
→ UPSC Prelims Question Paper 2025 and Unofficial Prelims Answer Key 2025 are available now.
→ UPSC Mains Question Paper 2025 is out for Essay, GS 1, 2, 3 & GS 4.
→ UPSC Mains Indian Language Question Paper 2025 is now out.
→ UPSC Mains Optional Question Paper 2025 is now out.
→ Also check Best IAS Coaching in Delhi
‘Your Money, Your Right’ Movement FAQs
Q1. What is the primary objective of the ‘Your Money, Your Right’ Movement?+
Q2. The ‘Your Money, Your Right’ initiative is coordinated at the national level by which authority?+
Q3. Approximately how much unclaimed money is lying with Indian banks? A. ₹25,000 crore+
Q4. Which portal is used for checking unclaimed bank deposits?+
Tags: ‘your money your right’ movement
