look news india
New Delhi, Business Bureau. Have you or any of your family members invested money in a bank, insurance company, stock market or mutual fund years ago and now you have forgotten about it? Or the person making the investment is no longer in this world and the family is not aware of that money? If so, then there is a very good news for you. The Union Finance Ministry has launched an innovative shared awareness initiative to help the citizens of the country locate and recover their forgotten and unclaimed assets. “Your capital, your rights” The campaign has been named.
Under this special campaign, the Central Government has launched a one-stop official website https://www.unclaimedassetsportal.in Has been launched. Through this single window portal, users can directly access the official portals of the respective government regulators and claim their deposits, demat accounts, shares and insurance money without any hassle. According to the Finance Ministry, no registration is required to avail this service, it is completely free and access is given only to secure and authentic government resources.
How to find out the amount lying unclaimed in banks for years, UDGAM portal will be useful
If any of your old Savings Account, Fixed Deposit (FD) or Recurring Deposit (RD) has been lying inactive for a long time and has come under the category of unclaimed deposit, then now it has become very easy to find it. Through this new portal of the government, people can check the official website of Reserve Bank of India (RBI). Origin (UDGAM) You will be redirected to the portal. This portal allows users to easily find unclaimed and unclaimed deposits lying in various participating banks in the country. As soon as you enter the required details, your old account information will appear in the search results.
This is an easy way to find old and forgotten insurance policies.
Many times people take a life insurance policy, but due to some reasons the family is not informed about it or the nominee forgets to make the claim. To deal with such situations, users on this portal are connected to the tools provided by the Insurance Regulatory and Development Authority of India (IRDAI). Here, policyholders or their legal heirs/nominees can locate their old and unclaimed life insurance policies by following a simple process and initiate the process of availing the withheld maturity benefits or death claim.
SEBI’s ‘MITRA’ platform will identify missed investments in mutual funds
This portal will prove to be very helpful for those who have forgotten to invest money in Mutual Funds or have lost their folio numbers. Through this, investors can directly register with the Securities and Exchange Board of India (SEBI). MITRA Can access the platform. This special feature helps investors identify their inoperative or unclaimed mutual fund folios and guides them through the entire legal and official process to get the lost money back.
Claiming unclaimed shares and dividends now at one click
If you held shares of an old company whose dividend or the shares themselves have not been claimed for a long time, the Investor Education and Protection Fund Authority (IEPF)IEPFA), then you no longer need to worry. Through this integrated portal, you can directly go to IEPFA’s designated search engine, where by entering your general information, you can search for unclaimed dividends and shares and apply for their refund.
