India’s financial regulators—RBI, SEBI and IRDAI—jointly conducted special camps titled “Your Money, Your Right” across the country from October to December 2025 to help people recover unclaimed financial assets.
Through these camps, around 22.95 lakh claims were settled and Rs 5,777 crore was handed over to rightful owners, according to the update.
Despite this, unclaimed amounts remain high: Rs 60,518 crore in banks, Rs 8,974 crore in the insurance sector and Rs 3,749 crore in mutual funds—together exceeding Rs 73,241 crore.
To speed up payouts, regulators have announced new measures. Banks that return unclaimed deposits will receive incentives ranging from 5% to 7.5%, and they have been directed to hold periodic special camps and publish lists of owners.
Insurance firms have been instructed to collect nominee details mandatorily at the time of issuing policies and to proactively trace policyholders to hand over dues. For mutual funds, documentation has been reduced for claims up to Rs 5 lakh, and an online “image-based” system has been introduced for faster settlement.
