The Department of Financial Services (DFS), under the Ministry of Finance, has launched the Common Landing Portal for Unclaimed Financial Assets, a significant initiative aimed at helping citizens trace and recover their forgotten or unclaimed financial holdings with ease.
Developed in collaboration with the PSB Alliance, the portal serves as a centralized platform where individuals can search for various types of unclaimed financial assets through a single-window interface. These assets include unclaimed bank deposits, insurance claims, shares, dividends, mutual funds, pension-related funds, and other financial investments that may have remained inactive or forgotten over time.
The initiative is part of the Government of India’s “Your Money, Your Right” campaign, which seeks to empower citizens by ensuring that their hard-earned money remains accessible and recoverable. Many individuals and families are often unaware of financial assets left behind due to changes in address, lack of documentation, dormant accounts, or the demise of account holders. The new portal aims to bridge this gap by providing a convenient and transparent mechanism for locating such assets.
By bringing multiple financial institutions and databases onto a common platform, the portal simplifies the search process and reduces the need for citizens to approach different organizations separately. This is expected to save time, improve accessibility, and strengthen public confidence in the financial system.
The Common Landing Portal also supports the broader objectives of financial inclusion and digital governance. It promotes greater awareness about financial assets, encourages responsible financial management, and enhances transparency across the financial ecosystem.
With this citizen-centric initiative, the Government of India has taken another important step towards ensuring that every individual can exercise their rightful claim over their financial resources, reinforcing the principle that every rupee belongs to its rightful owner.
Key Highlights:
- Single-window platform for tracing unclaimed financial assets.
- Covers bank deposits, insurance claims, shares, dividends, mutual funds, and more.
- Developed by DFS in collaboration with the PSB Alliance.
- Supports the “Your Money, Your Right” campaign.
- Enhances transparency, financial awareness, and citizen convenience.
- Promotes financial inclusion and easy access to rightful assets.
The launch of the Common Landing Portal marks a milestone in making financial services more accessible, transparent, and citizen-friendly, ensuring that people can reconnect with their forgotten wealth efficiently and securely.
