MONEY
Financial assets worth Rs 1.82 lakh crore lying unclaimed with banks and regulators
- IBJ Bureau
- Oct 05, 2025
Financial assets worth Rs 1.82 lakh crore are lying unclaimed with banks and regulators, and institutions need to ensure that these reach the rightful owners, Union Finance Minister Nirmala Sitharaman has said.
The Union minister made these remarks while launching the nationwide initiative, Apki Poonji, Apka Adhikar (Your Money, Your Right) campaign from Gandhinagar in the presence of Gujarat Finance Minister Kanubhai Desai, Gujarat Principal Secretary of Finance T Natarajan, Secretary in the Department of Financial Services M Nagaraju and senior officials from banks and the Finance Ministry.
During the occasion, Ms Sitharaman has urged people to come forth with paperwork and take back their dues from the government regulators in multiple sectors.
An official from the Department of Financial Services adds that the Union government, as of August 31, 2025, holds Rs 1.82 lakh crore in unclaimed assets of the people of the country.
According to Mr Nagaraju, as of August 31, 2025, banks have transferred more than Rs 75,000 crore of unclaimed deposits to the RBI. In the insurance sector, about Rs 14,000 crore of policies are lying unclaimed. About Rs 3,000 crore of mutual funds are unclaimed in India. But the highest amount, which is almost 50 per cent of all unclaimed assets, is in equity where 172 crore company shares and dividends valued at Rs 90,000 crore remain unclaimed.
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