FinMin & RBI working on portal to help citizens claim unclaimed assets: DFS Secy

NEW DELHI: The Finance Ministry is working with the Reserve Bank to develop a unified portal to enable savers and retail investors to claim all unclaimed assets across asset classes such as bank deposits, pension fund, shares, and dividends, Department of Financial Services Secretary M Nagaraju said on Thursday.

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‘The portal is expected to be launched soon, he said while speaking at a mega camp on ‘Aapki Poonji Aapka Adhikar’ (Your Money Your Right) organised by Punjab National Bank here.

“The Department of Financial Services is working with the Reserve Bank of India (RBI) to develop a unified integrated portal...for across all the regulators and to be coordinated by the RBI,” he said.

To claim unclaimed assets, RBI has launched UDGAM portal while Securities and Exchange Board of India and Insurance Regulatory and Development Authority of India have MITRA and Bima Bharosa portal respectively.