The Department of Financial Services has launched a Common Landing Portal to help citizens trace unclaimed financial assets lying with banks, insurance companies and investment institutions, bringing multiple search facilities onto a single platform.
The portal is aimed at assisting individuals and families in locating unclaimed bank deposits, insurance claims, shares, dividends and mutual fund investments that may have remained unattended for years due to death of account holders, address changes, missing documents or lack of awareness among beneficiaries.
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Single Platform for Multiple Financial Assets
According to the Finance Ministry, the Common Landing Portal will serve as a unified access point for citizens seeking information on unclaimed financial assets. Users will no longer need to visit separate websites or agencies to search for dormant accounts, pending claims or forgotten investments.
The government said the initiative is intended to make the process more transparent and citizen-friendly. Officials believe the platform will reduce procedural difficulties faced by rightful owners and legal heirs while trying to recover financial assets held across different institutions.
The portal is expected to help reconnect citizens with bank deposits, insurance proceeds, shares, dividends and mutual fund investments that may otherwise remain difficult to trace.
Portal Developed With Public Sector Bank Alliance
The portal has been developed in collaboration with the Public Sector Bank Alliance, a centralised umbrella organisation jointly promoted by 12 public sector banks. The alliance supports technology and operational coordination across the public banking sector.
Officials said integrating various search mechanisms into one platform will simplify access to financial information and improve coordination between institutions and claimants.
Secretary of the Department of Financial Services M. Nagaraju said the portal has been designed to enhance citizen convenience by providing access to multiple search facilities through a single platform. He said the initiative would support efforts to reconnect individuals and families with their legitimate financial assets.
Step Toward Financial Transparency
Financial experts said significant amounts remain unclaimed across India’s financial system because investors lose track of old accounts, beneficiaries remain unaware of insurance claims, or family members do not have complete information about investments made by deceased relatives.
The government has described the portal as an important step toward a more transparent and accountable financial ecosystem. By consolidating access to information across banking, insurance and investment segments, the initiative is expected to improve public awareness and reduce delays in resolving pending claims.
Officials expect the platform to make the process of locating and claiming financial assets more efficient. The portal could also assist financial institutions by helping clear long-pending unclaimed assets while strengthening public trust in the financial system.
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