Lok Sabha Question No. 3695 (UNSTARRED), answered on 2026-03-16
Subject: Aapki Poonji Aapka Adhikar
Ministry: FINANCE
Asked by: Dr. Manna Lal Rawat, Shri Dushyant Singh

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES

## LOK SABHA UNSTARRED QUESTION NO. 3695

ANSWERED ON MONDAY, MARCH 16, 2026/ PHALGUNA 25, 1947 (SAKA)

## Aapki Poonji Aapka Adhikar

†3695.  DR. MANNA LAL RAWAT: SHRI DUSHYANT SINGH:

Will the Minister of FINANCE be pleased to state:

- (a) whether the Government is implementing a scheme called 'Aapki Poonji Aapka Adhikar', if so, the details of its main objectives and the present status of its implementation;
- (b) the details of the total number of beneficiaries benefited under the said scheme so far across the  country,  State-  wise  and  particularly  the  district-  wise  number  of  beneficiaries  in Rajasthan including the amount paid to them;
- (c) the total value and broad composition of unclaimed financial assets presently held under Government  or  regulatory  custody,  including  amounts  relating  to  bank  deposits,  mutual funds, insurance proceeds, dividends and pension funds;
- (d) whether assets secured in bank lockers that have been in active/ in operative for a long time are also included under the ambit of the said scheme, if so, the details thereof;
- (e) the total number of cases presently pending under the said scheme in the country, Statewise details and particularly the district- wise details of Rajasthan;
- (f)  whether  the  Government  proposes  to  develop  a  centralized  digital  platform  and  adopt measures  to  improve  tracking  and  minimise  future  accumulation  of  unclaimed  financial assets, if so, the details thereof; and
- (g) the  details  of  the  steps  taken  by  the  Government  under  this  initiative  to  increase  coordination between various Government departments and organisations such as Reserve Bank  of  India  (RBI),  Pension  Fund  Regulatory  and  Development  Authority  (PFRDA), Insurance Regulatory and Development Authority of India (IRDAI) and likewise to ensure swift tracking and dissemination of unclaimed financial assets to their rightful owners?

## ANSWER

## THE MINISTER OF STATE FOR FINANCE (SHRI PANKAJ CHAUDHARY)

(a)  to  (g):  Unclaimed  financial  assets  in  the  financial  sector  broadly  include  bank  deposits, insurance proceeds, mutual fund amounts, dividends and shares, and pension-related funds which  remain  unclaimed  for  a  specified  period  under  the  respective  regulatory  framework. However, such unclaimed assets do not include assets secured in bank lockers that remain inactive for long periods.

Unclaimed bank deposits are transferred to the Depositor Education and Awareness (DEA) Fund maintained  by  RBI.  Unclaimed  insurance  proceeds  are  transferred  to  the  Senior  Citizens' Welfare Fund (SCWF) under the framework administered by IRDAI. Unclaimed dividends and related  shares  are  transferred  to  the  Investor  Education  and  Protection  Fund  (IEPF),  while unreconciled pension contributions are held in the Subscriber Pension Contribution Protection Account (SCPA) under the National Pension System regulated by PFRDA. Unclaimed amounts in mutual funds are maintained under SEBI regulations.

The value of unclaimed financial assets presently lying with funds includes about ₹83,063 crore in the DEA Fund as on 28.2.2026, ₹9,371.78 crore in the IEPF as on 31.3.2025, ₹13,838.55 crore relating to insurance funds including the SCWF as on 31.1.2026, ₹3,749.34 crore relating to unclaimed amounts in mutual funds under SEBI regulations as on 28.2.2026, and about ₹0.74 crore in the Subscriber Pension SCPA as on 28.2.2026.

With the objective of enabling citizens to trace and claim their unclaimed financial assets, the Department of Financial Services organised a nationwide campaign titled ' आपकी प ूँजी , आपका अधिकार Your Money, Your Right' during October-December 2025 in coordination with RBI, SEBI, IRDAI and PFRDA. Special camps were organised in 748 districts, and as on 28.02.2026, unclaimed financial assets amounting to ₹5,777 crore relating to 22.95 lakh claims have been restituted to their rightful owners.

Information regarding State-wise beneficiaries is not maintained by RBI, IRDAI and SEBI, while PFRDA has informed that no claims have been received as on date.

Measures taken to facilitate settlement and minimise accumulation of such assets include, interalia, directions issued by RBI on settlement of claims in respect of deceased customers of banks, now  consolidated  under  the  RBI  Responsible  Business  Conduct  Directions,  2025,  and  an incentive scheme effective from 1.10.2025 providing a payout of 5%-7.5% of the unclaimed deposit amount (subject to a cap) for successful settlement of claims. Banks have also been advised to undertake periodic drives to trace depositors or nominees or legal heirs, publish lists of  unclaimed  deposits  and  conduct  awareness  campaigns.  Further,  the  Banking  Laws (Amendment)  Act,  2025  has  enabled  multiple  nominations  in  bank  accounts,  including successive and simultaneous nominations up to four. Further, the Indian Banks' Association (IBA) has introduced a Common Application Form and SOP for settlement of unclaimed deposits through a dedicated portal of banks.

Sector-specific digital platforms have been developed for tracing such assets, including RBI's UDGAM portal, IRDAI's Bima Bharosa portal and SEBI's MITRA platform, while similar systems are  being  developed  by  IEPFA  and  PFRDA.  RBI  has  also  constituted  an  Inter-Regulatory Working Group to develop a unified digital platform enabling citizens to search and claim such assets through a single interface.

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