unclaimed deposits
PM Modi Launches 'Your Money, Your Right Movement': How Indians Can Reclaim Rs 1.04 Lakh Crore in Unclaimed Financial Assets
Dec 10, 2025 02:16 pm CST
Prime Minister Narendra Modi has launched the 'Your Money, Your Right' movement to help Indians reclaim Rs 1.04 lakh crore in unclaimed financial assets. The initiative provides dedicated portals from RBI, IRDAI, and SEBI to simplify the process of recovering forgotten bank deposits, insurance proceeds, dividends, and mutual fund investments, with facilitation camps already organized across 477 districts nationwide.
Kerala Consumer Commission Orders SBI to Release Deceased Father's Fixed Deposit with Interest to Son
Oct 04, 2025 02:41 pm CST
The Ernakulam Consumer Commission has directed SBI to release a fixed deposit of Rs 39,000 with interest to the son of a deceased depositor, along with Rs 50,000 compensation after the bank initially refused the claim citing missing records due to a merger. The ruling affirms that consumers' rights to claim deposits don't lapse even after banks transfer unclaimed funds to the RBI.