India's Unclaimed Wealth Crisis
Every year, thousands of crores of rupees lie unclaimed in banks, mutual funds, and insurance accounts because families don't know where things are.
That's approximately ₹1,314 for every Indian family of 4
What if something happens to you, will your family know?
Your financial legacy shouldn't need detective work. But every day, families across India struggle to find accounts, policies, and investments left behind by loved ones.
Official Government Announcement
₹1.84 Lakh Crore
Finance Minister Nirmala Sitharaman announced in October 2025 that ₹1,84,000 crore worth of financial assets are lying unclaimed with banks and regulators across India.
View official announcement by Finance Minister →Source: Department of Financial Services, Government of India
Category-wise Breakdown
Verified data from RBI, SEBI, AMFI, IRDAI, and EPFO
Bank Deposits
Unclaimed deposits lying dormant in banks across India
Accounts inactive for 10+ years with no operations
Mutual Funds
Unclaimed dividends and redemptions in mutual funds
21% year-on-year increase from FY 2023-24
Insurance Policies
LIC's unclaimed maturity amounts with 3.72 lakh policyholders not claiming benefits
LIC alone; total insurance industry unclaimed amount likely much higher
Provident Funds (EPF/PPF)
Inoperative EPF accounts with 21.55 lakh account holders
Amount increased five-fold from ₹1,638 crore in 2018-19
Breakdown by Category
Major components of the ₹1,84,000 crore total
Note: Category breakdown totals ₹79,841 crore. The government's official figure of ₹1,84,000 crore includes additional unclaimed assets across all institutions.
Understanding the Crisis
Why does this happen?
- •Families don't know where accounts exist
- •Lack of proper documentation and record-keeping
- •No shared family financial repository
- •Physical documents get lost or destroyed
- •Account holders pass away without informing families
- •Nominees not properly documented or updated
The real impact
- •Widows and children struggle to access rightful funds
- •Years of savings and investments lost to bureaucracy
- •Family financial planning disrupted
- •Emotional distress during already difficult times
- •Legal battles over undocumented assets
- •Wealth meant for family ends up with the government
How Unyt Money helps
- •Single source of truth for all family accounts
- •Structured storage of bank, investment, insurance details
- •Secure sharing with family members and nominees
- •Digital vault accessible to authorized family members
- •Renewal reminders so nothing lapses or goes dormant
- •Clear instructions and next steps for loved ones
Real Impact on Real Families
"After my father passed away, we spent 2 years trying to find all his accounts. We discovered a fixed deposit worth ₹12 lakhs only because a bank letter arrived by chance."
— Family from Mumbai
"My husband had multiple mutual fund investments. After his sudden passing, I had no idea where they were or how to access them. It took 18 months to find everything."
— Widow from Bangalore
"We found out about my uncle's unclaimed EPF only after 8 years. By then, claiming it became a legal nightmare with outdated documentation."
— Family from Delhi
"My mother had a life insurance policy we never knew about. We discovered it when clearing her papers, but claiming it required court intervention."
— Son from Pune
Don't Let Your Family Lose What You've Built
Unyt Money creates a shared, secure space for your family's finances so that clarity never dies with one person.
Complete Visibility
Store all bank, investment, insurance, and loan details in one place
Family Access
Share with spouse, parents, children with granular permissions
Secure Storage
Client-side encryption and end-to-end protection for sensitive data
Clear Instructions
Leave step-by-step guidance for your family when it matters most
Renewal Reminders
Never let policies lapse or accounts go dormant
Emergency Access
Trusted contacts can access critical information in emergencies
Because Your Family Deserves Financial Clarity
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Data Sources & References
All statistics on this page are sourced from official government bodies and regulatory authorities including Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), Association of Mutual Funds in India (AMFI), Insurance Regulatory and Development Authority of India (IRDAI), and Employees' Provident Fund Organisation (EPFO).
Last updated: November 2025. Data sources are cited individually for each statistic above.