₹1.82-lakh crore assets lying unclaimed with banks, says FM, Pg6.

Key Highlights:

• ₹1.82 lakh crore in unclaimed financial assets are lying with banks and regulators as of August 31, 2025.
• Finance Minister Nirmala Sitharaman launched the Apki Poonji, Apka Adhikar campaign in Gandhinagar to address this issue.
• Banks have transferred over ₹75,000 crore in unclaimed deposits to the Reserve Bank of India (RBI).

Detailed Insights:

• The Apki Poonji, Apka Adhikar campaign aims to increase awareness, improve accessibility, and facilitate action for rightful owners to claim their assets.
• Unclaimed assets include funds in dormant accounts, unclaimed dividends, and matured insurance policies.
• The government is focusing on simplifying the Know Your Customer (KYC) process to ease the claiming process for citizens.
• RBI has launched the UDGAM (Unclaimed Deposits Gateway to Access Information) portal to help the public identify and claim unclaimed deposits.

Key Concepts Involved:

• Unclaimed Assets: Financial assets that have been inactive or unclaimed for a specified period.
• Dormant Account: A bank account with no activity for a long period, as defined by regulatory norms.
• KYC (Know Your Customer): The process of verifying the identity of clients to prevent financial crimes.