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Plea for unified portal on locked-up funds
Mint Chennai
|October 07, 2025
The Supreme Court (SC) has agreed to examine a public interest petition seeking the creation of a centralized digital platform that would allow individuals to track all their financial assetswhether active, dormant or unclaimed-across banks, insurance companies, mutual funds, and other regulated entities.
The petition was filed by social activist Aakash Goel.
(MINT)
Depending on how the petition moves forward and its eventual outcome, it could be a boost to efforts to free such locked-up capital in millions of accounts. Financial experts have for long pointed out how unclaimed capital makes savers and their families poorer and results in a drain on productivity in the economy.
The petition, filed by social activist Aakash Goel, highlighted that unclaimed money to the tune of ₹3.5 trillion remains inaccessible because of scattered accounts, missing nominee details, and the absence of a unified registry.
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