Crores of unclaimed money is rotting in banks! Check your name immediately through this new portal of the government.

Many times we enthusiastically open a bank account, take an insurance policy or invest in shares and mutual funds, and then forget them with time. This money remains unclaimed in financial institutions for years. If something like this has happened to you or your family, then don’t worry at all. To end this big tension of yours, the government has come up with a very wonderful and useful portal.

Taking a big step, the Department of Financial Services under the Finance Ministry has officially launched the ‘Common Landing Portal for Unclaimed Financial Assets’. Now any citizen of the country can get the complete horoscope of his old or missing money through this special website (www.unclaimedassetsportal.in) in just one click sitting at home.

Now the hassle of making separate rounds is over

Remember the old days, if you wanted to know about the money of a closed bank account, old FD (Fixed Deposit) or any insurance policy, then you had to make rounds of different banks or companies. Many websites on the internet had to be searched, which wasted both time and energy. But this new unified platform of the government has changed the whole picture. Now you will get every small and big information from banking, insurance, stock market dividends to mutual funds at just one place. The entire financial ecosystem has been linked together in such a way that the common man does not face any problem in finding his rightful money.

12 big public sector banks of the country joined together

Public Sector Bank Alliance (PSBA) has given special support to make this digital and advanced portal more strong and reliable. For your information, let us tell you that this alliance is a joint and central organization of 12 big government banks of the country. The Department of Financial Services, in collaboration with these public sector banks, has created a transparent and citizen-centric system on which anyone can trust blindly. With this, security of data and availability of accurate information has become even more assured.

It has become very easy for the general public to recover lost money.

On the occasion of the launch of this historic portal, Secretary, Department of Financial Services, M. Nagaraju spoke openly about its major benefits to the general public. He said that the real objective of this portal is to make the lives of common citizens easier and provide them convenience. When financial information scattered at different places is brought to a single platform, it saves people precious time and hassle. This effort of the government is to get back their hard-earned money to all those people who had forgotten their savings due to some reason. Now any common man can check without any paper hassle whether he has any unclaimed funds lying in the financial system or not.