New Delhi, Oct. 7 -- Around Rs.1.84 lakh crore worth of financial assets remain unclaimed by banks and regulatory authorities. Union Finance Minister Nirmala Sitharaman recently launched a drive to ensure that this money reaches its rightful owners.

On 4 October, Nirmala Sitharaman kicked off a three-month national campaign titled Apki Poonji, Apka Adhikar at Ahmedabad.

She pointed out that unclaimed money lying with banks or the Investor Education Protection Fund (IEPF) is absolutely safe. If it remains unclaimed, the money moves from one institution to another. The Reserve Bank of India (RBI) has created the UDGAM portal to help depositors track this unclaimed money.

UDGAM is the Unclaimed Deposits Gateway to Access Information, whic...