Newz Desk, Durgapur: The Union Ministry of Finance, in collaboration with the Reserve Bank of India (RBI), has initiated work on a unified digital portal that will allow citizens to claim all categories of unclaimed financial assets through a single platform. The announcement was made on Thursday by Financial Services Secretary M. Nagaraju during a mega camp organised by Punjab National Bank under the theme ‘Aapki Poonji, Aapka Adhikar’.
According to Nagaraju, the new integrated portal—being developed under the coordination of the RBI—will bring together all key financial regulators to streamline the claim process for funds lying unclaimed across various institutions. “We are working closely with all regulatory bodies to create a single, robust system. The portal is expected to go live soon,” he said.
At present, individuals searching for unclaimed deposits or assets must navigate multiple portals depending on the type of financial product involved. These include RBI’s ‘UDGAM’ for unclaimed bank deposits, SEBI’s ‘MITRA’ for securities and dividends, and IRDAI’s ‘Bima Bharosa’ for insurance-related claims. The new platform aims to consolidate these services, enabling users to access information and submit claims across all categories—such as bank deposits, pension funds, shares, dividends, and insurance—through one interface.
Officials said the unified system will make the claim process simpler, more transparent, and more trustworthy for citizens. By reducing the need to visit multiple portals and improving coordination between regulators, the initiative is expected to significantly enhance customer convenience and speed up claim settlements.
The Finance Ministry believes the integrated platform will not only strengthen financial inclusion but also help return substantial unclaimed funds to their rightful owners.
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