| Prime Minister Narendra Modi has asked people to participate in the ‘Your Money, Your Right’ movement, which has successfully returned Rs 2,000 crore of unclaimed assets to rightful owners in the last two months.
The ‘Your Money, Your Right’ campaign was launched on October 4 to facilitate the settlement of unclaimed financial assets, including bank deposits, insurance, dividends, shares, mutual funds and pensions, to their legitimate claimants. Efforts of all the stakeholders have led to many rightful owners being identified and being handed over their financial assets.
Indian banks are holding Rs 78,000 crore of unclaimed money belonging to the citizens. Insurance companies have near |