Nearly Rs 2,000 crore has already been returned to the rightful owners, said PM Modi. (Image: BJP India/File) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Prime Minister Narendra Modi has highlighted that over Rs 1 lakh crore of Indian citizens’ unclaimed money is lying with banks, mutual fund companies and insurance companies. The government has now launched the ‘Your Money, Your Right’ initiative to aid the recovery of these funds.

In a LinkedIn post, the Prime Minister highlighted some “startling” figures. He also spoke about it at the HT Leadership Summit last week.

“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 c

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