Name based search: Key to unlocking unclaimed assets
₹1.96 lakh crore is lying unclaimed—could some of it be yours?
That’s the scale of forgotten wealth—bank deposits, insurance, EPF, mutual funds, and shares—scattered across India’s financial system (source: https://bit.ly/42RA5kI). Most heirs don’t even know what to claim, because Indian systems (except IEPF, to a very limited extent) don’t allow a simple name-based search. The true scale of the problem remains hidden. As more people become aware of this, public pressure will grow to fix the broken claim processes. A proposed Central Unclaimed Property Authority (CUPA) could finally enable name-based search—something existing regulators have been psychologically resistant to—and reveal the true extent of the unclaimed property issue.
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