KARIMNAGAR, NOVEMBER 01, 2025: Collector Pamela Satpathy has launched the awareness campaign on unclaimed assets in the financial sector, “Your Money- Your Right’ programme in Karimnagar town on Saturday.
Organised by the lead district bank, viz State Bank of India, Karimnagar district, the Collector said that the Reserve Bank of India has launched the campaign, which is aimed to help people to trace and claim their unclaimed deposits, insurance payouts, dividends, shares and mutual fund proceeds worth around Rs 2 lakh crore in the country. Unclaimed financial assets have been a long-standing issue, and the campaign seeks to simplify the process for citizens by offering on-the-spot guidance, demonstration of digital tools, and support to complete claim procedures.
During the launch event, the Collector handed over claim orders to citizens who had successfully reclaimed their unclaimed money.
Addressing the gathering, she urged people to spread the message. “I urge you all to become ambassadors of this campaign, reach out to people you know, ask if they hold any papers of unclaimed financial assets, and guide them to register on the portal to claim what is rightfully theirs,” she said.
This campaign aims to facilitate citizens to claim their unclaimed bank deposits, shares, dividends, mutual funds, insurance proceeds, etc. This initiative is of national importance, and the Government of India is committed to ensuring that citizens can rightfully claim their unclaimed financial assets. MCA, RBI, SEBI, IRDAI, PFRDA and Banks hold joint camps as part of the campaign.
The campaign has been rolled out in Telangana State as well, with district-level camps being organised in a phased manner.
Rightful owners of unclaimed financial assets may approach the branch of their Bank / Insurer / Mutual Fund house / Stockbroker through physical/online channels to claim the proceeds and make best use of the campaign. To locate unclaimed deposits of more than 10 years with Banks, customers may also access RBI UDGAM portal (https://udgam.rbi.org.in), the collector said.
The campaign would run till December 31, 2025 for the benefit of people, she said and added that if the customer do not visit the bank and claim their deposits, it would go into DEAF (depositor education and awareness fund) of RBI after 10 years. Municipal Commissioner Praful Desai, DGM Solanki, SLBC chairman Srihari, UBI DGM Aparna Reddy, RBI AGM Yaswanth Sai Chittemsetty, , NABARD DDM Jayaprakash, LDM Anjaneyulu, KDCCB CEO N Satyanarayana Rao, EPFO officials and others were also present.
