Did your dad forget his first salary account that could still be holding unclaimed money? Here is how you can help your elders and yourself

On 10th December, Prime Minister Narendra Modi issued a reminder that crores of rupees belonging to ordinary Indians remain forgotten in old bank accounts, insurance policies, mutual fund folios and dividend ledgers. He revealed that banks alone are sitting on Rs 78,000 crore of unclaimed deposits, while insurers hold nearly Rs 14,000 crore in unpaid proceeds. Mutual funds and unclaimed dividends add thousands of crores more.

Calling the numbers startling, PM Modi said that the money represents decades of hard-earned family savings that slipped through the cracks of paperwork, relocations or memories fading over time.

To correct this, the Government has launched the nationwide initiative “आपकी पूंजी, आपका अधिकार” or “Your Money, Your Right” in October 2025. The initiative is built on the