Union Finance Minister Nirmala Sitharaman on Saturday said financial assets worth Rs 1.84 lakh crore were lying unclaimed with banks and regulators, and urged officials to ensure these funds reach their rightful owners.
Launching the three-month “Apki Poonji, Apka Adhikar” (Your Money, Your Right) campaign in Gandhinagar, Sitharaman asked officials to focus on “Awareness, Access and Action” to help citizens reclaim their money.
“Unclaimed monies are lying with the banks or with the RBI or with the IEPF (Investor Education and Protection Fund). We have to find the rightful owners and claimants of those funds and hand the money over to them,” Nirmala Sitharaman said.
The finance minister assured that the money is secure. “As per the DFS (Department of Financial Services), Rs 1,84,000 cr