RBI, IRDAI, and SEBI launched coordinated initiatives in 2024 to help citizens reclaim unclaimed financial assets worth over ₹78,000 crore. RBI's UDGAM portal covers bank deposits, IRDAI manages insurance policies, and SEBI handles investor funds. The move addresses growing unclaimed amounts across banking, insurance, and capital markets. Joint awareness campaigns and simplified claim processes are being implemented to reunite citizens with their dormant assets.

India's financial landscape contains massive unclaimed wealth - bank deposits exceeding ₹35,000 crore, insurance policies worth ₹25,000 crore, and investor funds around ₹18,000 crore. These assets accumulate when account holders lose track of investments, change addresses, or pass away without proper documentation. The tri-regulator approach recognizes that citizens often have assets across all three domains but lack unified reclaim mechanisms. RBI's UDGAM (Unclaimed Deposits-Gateway to Access inforMation) portal centralizes bank deposit searches across multiple banks. IRDAI's initiatives focus on unclaimed insurance policies and maturity proceeds. SEBI targets investor education about dormant demat accounts and unclaimed dividends. This coordinated effort stems from regulatory pressure to improve financial inclusion and consumer protection. The challenge lies in identity verification, outdated KYC records, and heir claim complexities. Success depends on digital integration, public awareness, and simplified documentation processes. The initiative also supports the government's broader financial inclusion goals by returning idle capital to productive use.