FM Launches Financial Awareness Drive To Reunite Citizens With ₹75,000 Cr Unclaimed Deposits

Finance Minister Nirmala Sitharaman launched a nationwide financial awareness campaign to reunite citizens with unclaimed deposits worth ₹75,000 crore lying idle in banks and financial institutions. The drive aims to educate depositors on reclaiming their funds through transparent mechanisms and digital platforms. It also promotes financial literacy, ensuring individuals are aware of rights and processes to trace dormant accounts. The initiative underscores the importance of protecting public savings and instills trust in the banking system. By prioritizing consumer welfare, the campaign reflects the government’s focus on strengthening financial inclusion and accountability. This effort also helps banks manage liabilities more efficiently while channeling idle funds back into productive use. It signifies a proactive approach to empowering citizens in personal financial management.