{"id":77406,"date":"2025-12-11T14:10:27","date_gmt":"2025-12-11T08:40:27","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=77406"},"modified":"2025-12-11T14:10:27","modified_gmt":"2025-12-11T08:40:27","slug":"your-money-your-right-movement","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/your-money-your-right-movement\/","title":{"rendered":"\u2018Your Money, Your Right\u2019 Movement"},"content":{"rendered":"<h2><strong>\u2018Your Money, Your Right\u2019 Movement Latest News<\/strong><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The Prime Minister recently called upon citizens to take part in the \u2018Your Money, Your Right\u2019 movement.<\/span><\/p>\n<h2><b>About \u2018Your Money, Your Right\u2019 Movement<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400; text-align: justify;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It was <\/span><b>launched <\/b><span style=\"font-weight: 400;\">by the central government in <\/span><b>October 2025.<\/b><\/li>\n<li style=\"font-weight: 400; text-align: justify;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It is an initiative aimed at <\/span><b>enabling people to reclaim their unclaimed deposits, insurance proceeds, dividends,<\/b><span style=\"font-weight: 400;\"> and <\/span><b>other financial assets.<\/b><\/li>\n<li style=\"font-weight: 400; text-align: justify;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The effort <\/span><b>brings together government agencies, regulators, banks<\/b><span style=\"font-weight: 400;\">, and financial institutions to identify and return long-forgotten funds.<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Indian banks <\/b><span style=\"font-weight: 400;\">are <\/span><b>holding Rs 78,000 crore of unclaimed money <\/b><span style=\"font-weight: 400;\">belonging to our own citizens.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Insurance companies <\/b><span style=\"font-weight: 400;\">have nearly <\/span><b>Rs 14,000 <\/b><span style=\"font-weight: 400;\">crore lying unclaimed.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Mutual fund companies <\/b><span style=\"font-weight: 400;\">have around<\/span><b> Rs 3,000 crore<\/b><span style=\"font-weight: 400;\">, and <\/span><b>dividends <\/b><span style=\"font-weight: 400;\">worth <\/span><b>Rs 9,000 crore <\/b><span style=\"font-weight: 400;\">are also unclaimed.<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400; text-align: justify;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The <\/span><b>deposits in accounts <\/b><span style=\"font-weight: 400;\">which are <\/span><b>not operated for a period of 10 years<\/b><span style=\"font-weight: 400;\"> are classified as <\/span><b>unclaimed deposits.<\/b><\/li>\n<li style=\"font-weight: 400; text-align: justify;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Under the initiative, <\/span><b>individuals need to verify<\/b><span style=\"font-weight: 400;\"> if <\/span><b>their close family members or relatives have unclaimed deposits,<\/b><span style=\"font-weight: 400;\"> insurance proceeds, mutual-fund payouts, or dividends.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400; text-align: justify;\" aria-level=\"1\"><b>To facilitate this<\/b><span style=\"font-weight: 400;\">, the government has created <\/span><b>dedicated portals<\/b><span style=\"font-weight: 400;\"> as follows:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Reserve Bank of India (RBI):<\/b> <b>UDGAM Portal<\/b><span style=\"font-weight: 400;\"> for unclaimed bank deposits &amp; balances.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Insurance Regulatory and Development Authority of India (IRDAI): Bima Bharosa Portal <\/b><span style=\"font-weight: 400;\">for unclaimed insurance policy proceeds.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Securities and Exchange Board of India (SEBI): MITRA Portal<\/b><span style=\"font-weight: 400;\"> for unclaimed amounts in mutual funds.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Ministry of Corporate Affairs: IEPFA Portal <\/b><span style=\"font-weight: 400;\">for unpaid dividends and unclaimed shares.<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400; text-align: justify;\" aria-level=\"1\"><b>Facilitation camps<\/b><span style=\"font-weight: 400;\"> are being <\/span><b>organised in districts <\/b><span style=\"font-weight: 400;\">across both rural and urban regions of the country.<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">During the camps, the citizens will be <\/span><b>provided on-the-spot guidance<\/b><span style=\"font-weight: 400;\"> on how to <\/span><b>search for their unclaimed assets,<\/b><span style=\"font-weight: 400;\"> update records, and complete claim procedures.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Digital tools and step-by-step demonstrations<\/b><span style=\"font-weight: 400;\"> will also be showcased.<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"text-align: justify;\"><b>On the national level<\/b><span style=\"font-weight: 400;\">, the campaign is <\/span><b>coordinated by the Department of Financial Services (DFS), Ministry of Finance.<\/b><\/li>\n<\/ul>\n<p><b>Source: <\/b><strong><a href=\"https:\/\/www.pmindia.gov.in\/en\/news_updates\/pm-calls-upon-citizens-to-participate-in-your-money-your-right-movement\/?comment=disable\" target=\"_blank\" rel=\"nofollow noopener\">PMI<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u2018Your Money, Your Right\u2019 Movement is an initiative aimed at enabling people to reclaim their unclaimed deposits, insurance proceeds, dividends, and other financial assets. Read more about \u2018Your Money, Your Right\u2019 Movement, Primary Objective, Latest News.<\/p>\n","protected":false},"author":23,"featured_media":77395,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[4148,4149],"class_list":{"0":"post-77406","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"tag-your-money","9":"tag-your-right-movement","10":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/77406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=77406"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/77406\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/77395"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=77406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=77406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=77406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}