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Govt returns Rs1,887 crore unclaimed financial assets to citizens in 2 months

Govt returns Rs1,887 crore unclaimed financial assets to citizens in 2 months

by AIP Online Bureau | Nov 27, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy

Unclaimed financial assets such as insurance policy claims, bank deposits, dividends, shares, and income from mutual funds often remain unclaimed due to a lack of awareness or outdated account details New Delhi: The Secretary of the Department of Financial Services,...
Sitharaman urges citizens to raise awareness about Rs1.84 trillion unclaimed assets in financial sector

Sitharaman urges citizens to raise awareness about Rs1.84 trillion unclaimed assets in financial sector

by AIP Online Bureau | Oct 5, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation, Wealth Management/ Philanthropy

Nirmala Sitharaman,Union Finance Minister M. Nagaraju, Secretary, Department of Financial Services (DFS) added that unclaimed insurance proceeds stand at over Rs 13,800 crore, unclaimed balances in mutual funds amount to about Rs 3,000 crore, and unpaid dividends...
Sitharaman urges citizens to raise awareness about Rs1.84 trillion unclaimed assets in financial sector

Sitharaman to launch nationwide awareness campaign of unclaimed financial assets on Oct 4

by AIP Online Bureau | Oct 1, 2025 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy, Regulation

Nirmala Sitharaman ,Union Minister for Finance and Corporate Affairs, Unclaimed financial assets, including insurance policy claims, bank deposits, dividends, shares, and mutual fund proceeds, often remain unclaimed due to lack of awareness or outdated account details...

Gross financial assets of Indian households rose by 14.5% in 2024: Allianz report

by AIP Online Bureau | Sep 25, 2025 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

Over the past two decades, India’s real per capita financial assets have surged fivefold, marking one of the most impressive wealth growth trajectories among emerging markets, according to global insurer Allianz that released the 16th edition of its Global Wealth...

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