Early Times Report
NEW DELHI, May 29: The finance ministry on Friday launched a single unified online platform for citizens to search and trace unclaimed bank deposits, insurance claims, shares and mutual funds across the financial ecosystem.
The initiative is expected to enhance public awareness, improve ease of access to information and contribute to the vision of Viksit Bharat 2047 through greater financial empowerment, inclusion and trust in the financial system, the finance ministry said in a statement.
The portal has been launched in collaboration with PSB Alliance to facilitate easier access to information relating to unclaimed financial assets.
"The portal, accessible at https://www.unclaimedassetsportal.in, serves as a unified platform providing access to search facilities relating to unclaimed bank deposits, insurance claims, shares, dividends and mutual funds available across the financial ecosystem," it said.
Department of Financial Services Secretary M Nagaraju launched the unified platform during the review meeting of public sector banks.
The initiative, the ministry said, builds upon the nationwide campaign 'Your Money, Your Right', undertaken by the Department of Financial Services in coordination with financial sector regulators, banks and other stakeholders to facilitate awareness, tracing and restitution of unclaimed financial assets.
The secretary said the portal will improve citizen convenience by bringing together access to multiple search facilities on a single platform and strengthen ongoing efforts towards reconnecting individuals with their rightful financial assets.
The Common Landing Portal marks an important step towards building a more accessible, transparent and citizen-centric financial ecosystem. |
