Knews Desk- The government has launched a new portal to ease the process of common people to locate and claim unclaimed financial assets lying there for years. Through this portal, citizens will be able to get information about their forgotten bank deposits, insurance policies, dividends, shares, pension funds and other financial assets at one place.
Many times people are unable to claim bank accounts, insurance plans and investments after change of job, change of address, loss of documents or death of a family member. In such cases, crores of rupees remain unclaimed with various institutions. The new portal of the government has been launched with the aim of transferring such properties to their rightful owners or legal heirs.
On this portal, users can search information about unclaimed assets in various financial institutions by entering their personal information. If any amount or property is found registered in the name of a person, he can claim it by following the prescribed procedure. With this, there will be no need to visit different departments and institutions. Experts believe that this initiative will prove helpful in increasing transparency as well as helping common people get back their forgotten deposits. This will also speed up the process of settlement of amounts stuck with financial institutions for years.
The government has appealed to citizens to use this portal to check possible unclaimed assets in their names and that of their family members. Be sure to verify information, especially related to old bank accounts, insurance policies, share investments and retirement funds, so that any legitimate claim amount can be availed in time.
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