The finance ministry on Friday launched a single unified online platform that will allow citizens to search and trace unclaimed bank deposits, insurance claims, shares and mutual fund investments across the financial ecosystem. The move is aimed at making it easier for people to locate dormant assets and recover money that may otherwise remain unclaimed for years.

The portal has been developed in collaboration with PSB Alliance and is accessible at unclaimedassetsportal.in, the ministry said. It brings together search facilities relating to unclaimed bank deposits, insurance claims, shares, dividends and mutual funds on a single interface, reducing the need for citizens to approach multiple institutions separately.

Part of bigger campaign

The launch builds on the government’s nationwide campaign, “Your Money, Your Right”, which has been running with the support of financial sector regulators, banks and other stakeholders to improve awareness, tracing and restitution of unclaimed financial assets. The campaign has already been positioned as a key financial inclusion initiative under the broader Viksit Bharat 2047 vision.

Department of Financial Services Secretary M Nagaraju launched the platform during the review meeting of public sector banks. According to the ministry, the portal is designed to improve citizen convenience by bringing multiple search facilities under one roof and strengthening efforts to reconnect individuals with their rightful financial assets.

Why it matters

A large amount of money and financial assets often remain unclaimed because account holders move, lose track of investments, or leave behind assets that family members are unable to trace easily. The new portal is meant to make that process more transparent and less fragmented, especially for retail savers and heirs who may not know which institution holds the asset.

The ministry said the Common Landing Portal marks an important step towards building a more accessible, transparent and citizen-centric financial ecosystem. It also fits into the government’s push to improve digital public infrastructure and last-mile service delivery in financial services.

The finance ministry said the initiative should help improve public awareness, ease access to information and support broader financial empowerment and inclusion. By combining access to multiple search tools, the platform is expected to reduce friction in the claim process and strengthen trust in the financial system.

Officials have also linked the launch to the ongoing effort to recover unclaimed assets across the country. In earlier government campaigns, the financial sector had already been nudged to improve awareness and settlement of dormant deposits, insurance proceeds, mutual funds and shares.