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News: Common Landing Portal for Unclaimed Financial Assets has been launched by the Department of Financial Services, Ministry of Finance.
About Common Landing Portal for Unclaimed Financial Assets
- It is a single unified online platform for citizens to search and trace unclaimed bank deposits, insurance claims, shares and mutual funds across the financial ecosystem.
- Launched by: It has been launched by the Department of Financial Services, Ministry of Finance.
- It has been developed in collaboration with the Public Sector Bank Alliance (PSBA), a centralized umbrella organisation jointly promoted by 12 public sector banks in the country.
- It builds upon the nationwide campaign ‘Your Money, Your Right.’
- Objective: It is to facilitate easier access to information on unclaimed financial assets.
- Significance: It will enhance citizen convenience by bringing together access to multiple search facilities on a single platform and strengthen ongoing efforts to reconnect individuals with their rightful financial assets.
- It is an important step towards building a more accessible, transparent and citizen-centric financial ecosystem.
