PM Modi Urges Indians to Reclaim Rs 104K Cr Unclaimed Funds

• PM Modi urges citizens to reclaim unclaimed funds from banks, mutual funds, and insurance companies.
• Over Rs 78,000 crore in bank deposits, Rs 14,000 crore in insurance, and Rs 3,000 crore in mutual funds are currently unclaimed.
• Unclaimed bank deposits can be recovered via RBI's UDGAM portal or bank websites, even if transferred to the DEA fund.
• Unclaimed insurance policy amounts can be tracked and claimed through the Bima Bharosa website, especially if transferred to the SCWF after 10 years.
• Mutual fund investors can reclaim forgotten or unclaimed holdings using the SEBI-backed MF Central portal.

Why It Matters: This helps you reclaim your unclaimed funds from banks, MFs, and insurance.