State Level Bankers Committee (SLBC) will be organising camps in North and South Goa districts for settlement of unclaimed assets and deposits in the financial institutes in the State. The camps will be held under the nation-wide campaign “Your Money, Your Right,” which was launched by Union Minister for Finance and Corporate Affairs Nirmala Sitharaman at a programme in Gujarat on October 4th.
The campaign from October to December has been rolled out across the country with district level camps being organised in a phased manner. “Your Money Your Right” campaign aims to facilitate the citizens to claim their unclaimed financial assets, including insurance policy claims, bank deposits, dividends, shares, and mutual fund proceeds, which often remain unclaimed due to lack of awareness or outdated account details. The deposits in accounts which are not operated for a period of 10 years are classified as unclaimed deposits.
The SLBC in Goa has requested the public in the state to visit their bank branches with KYC documents like Adhaar card, Photograph, PAN card to activate their bank accounts. The public has also been urged to participate in the camps for timely redressal and settlement of unclaimed deposits of customers and their deceased family members.
The camps will have digital demonstrations and helpdesks to assist the customers in tracing and claiming their unclaimed financial assets with ease.
During the camps, the citizens will be provided on-the-spot guidance on how to search for their unclaimed assets, update records and complete claim procedures. Digital tools and step-by-step demonstrations will also be showcased.
On the national level, the campaign is coordinated by the Department of Financial Services (DFS), Ministry of Finance, bringing together the Reserve Bank of India (RBI), the Securities and Exchange Board of India, the Insurance Regulatory and Development Authority of India, the Pension Fund Regulatory and Development Authority, and the Investor Education and Protection Fund Authority, along with banks, insurance companies, mutual funds, and pension institutions on a common platform.
Speaking at the launch of the campaign, M. Nagaraju, Secretary, DFS, had said that as on August 2025, more than ₹75,000 crore of unclaimed deposits had been transferred to the RBI’s Depositor Education and Awareness Fund. While unclaimed insurance proceeds stand at over ₹13,800 crore, unclaimed balances in mutual funds amount to about ₹3,000 crore, and unpaid dividends worth more than ₹9,000 crore, he had said.
