RBI, IRDAI, and SEBI announced intensified measures on March 25, 2026, to help citizens reclaim unclaimed deposits and investments. The initiative includes enhanced digital platforms, simplified claim processes, and mandatory annual disclosure requirements for financial institutions. Banks hold over ₹78,000 crore in unclaimed deposits, while insurance companies have ₹25,000 crore in unclaimed amounts. The regulators will establish unified portals and mandate proactive customer outreach programs to reduce dormant accounts and unclaimed financial assets.

This coordinated regulatory action addresses a critical consumer protection issue where citizens lose access to their own money due to procedural complexities and lack of awareness. The three financial regulators are implementing comprehensive reforms including digitization of claim processes, mandatory annual disclosures by institutions, and proactive customer identification systems. For banks, accounts become 'inoperative' after one year of no transactions and 'unclaimed' after 10 years. Insurance policies face similar timelines for maturity proceeds and bonus payments. The initiative is economically significant as it will unlock frozen capital, improve financial inclusion metrics, and enhance trust in the formal financial system. The unified approach prevents regulatory arbitrage and ensures consistent consumer experience across banking, insurance, and securities markets. This reflects the government's broader push toward citizen-centric governance and digital India initiatives, making financial services more accessible and transparent.