The Department of Financial Services (DFS) launched the Common Landing Portal for Unclaimed Financial Assets on May 30, 2026, to provide a unified gateway for citizens to track dormant wealth. Developed in collaboration with the Public Sector Bank (PSB) Alliance, the platform consolidates searches for bank deposits, insurance claims, and shares across multiple regulators. This initiative aims to streamline the financial ecosystem.
What is the Common Landing Portal for Unclaimed Financial Assets?
The Common Landing Portal (CLP) is a centralized digital interface designed to act as a “super-portal” for the Indian financial sector. Unlike previous platforms that were restricted to specific asset classes, this portal provides a single entry point for various unclaimed assets. It facilitates the identification of funds lying with commercial banks, life and general insurance companies, and the Investor Education and Protection Fund (IEPF).
The portal’s primary function is to reduce the friction citizens face when searching for forgotten investments or legacies of deceased relatives. By aggregating search tools from the Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), and Insurance Regulatory and Development Authority of India (IRDAI), it serves as a nodal gateway for the entire financial ecosystem. This launch follows the government’s broader push for “Ease of Living” by empowering individuals to reclaim their rightful financial resources.
The Scale of Unclaimed Wealth in India
The volume of unclaimed financial assets in India has grown significantly over the last decade. As of 2025, estimates suggest that the total value of such assets across banks, insurance, and stocks exceeds ₹2.2 lakh crore. These funds often remain dormant due to the death of the account holder without a registered nominee, outdated contact information, or simply forgotten investments.
| Asset Category | Estimated Unclaimed Amount | Primary Nodal Agency |
|---|---|---|
| Bank Deposits | ₹97,545 Crore | Reserve Bank of India (RBI) |
| Shares & Dividends | ₹89,004 Crore | IEPF Authority |
| Insurance Proceeds | ₹20,062 Crore | IRDAI |
| Mutual Funds | ₹3,452 Crore | SEBI / AMFI |
Unclaimed bank deposits are transferred to the Depositor Education and Awareness (DEA) Fund, maintained by the RBI, if the accounts remain inactive for ten years. Similarly, dividends or shares that are not claimed for seven consecutive years are moved to the Investor Education and Protection Fund (IEPF) under the Ministry of Corporate Affairs. The new portal provides a unified path to track these diverse pools of wealth.
Key Features and How the Portal Works
The Common Landing Portal acts as an intelligent aggregator, linking existing sectoral portals into a single user interface. For bank deposits, it integrates with the UDGAM (Unclaimed Deposits – Gateway to Access InforMation) portal, which was launched by the RBI in August 2023. While UDGAM specifically covers over 30 banks, the new CLP expands this reach to non-banking assets like matured insurance policies and equity holdings.
A key technical feature of the portal is its ability to provide a “360-degree search” using multiple identifiers such as the individual’s name, PAN, or Aadhaar. Once a potential match is found, the portal generates a Unclaimed Asset Reference Number (UARN). The user can then use this reference to initiate a formal claim process with the respective bank, insurance company, or the IEPF Authority. By providing a direct link to the specific claim forms and nodal officers of various institutions, the portal significantly reduces the procedural burden on claimants.
Analogy · The Financial 'Google Search' Expand analogy
Think of the Common Landing Portal as a specialized search engine for forgotten money. Just as a search engine looks across millions of websites to find exactly what you need, this portal looks across hundreds of banks, insurance companies, and stock records to find assets that belong to you, saving you from visiting each institution individually.
About the PSB Alliance and Participating Entities
The development of the portal was spearheaded by the PSB Alliance, which is a joint venture of 12 public sector banks in India. Established to act as an umbrella organization, the alliance provides shared technological infrastructure to standardize customer experience and reduce operational costs across the banking sector. Its member banks include major institutions such as the State Bank of India (SBI), Punjab National Bank (PNB), and Bank of Baroda (BoB).
While the alliance initially focused on services like Doorstep Banking, its role has expanded to include critical financial recovery solutions. The Department of Financial Services (DFS), which operates under the Ministry of Finance, serves as the nodal authority for this initiative. By leveraging the combined digital reach of the PSB Alliance, the DFS aims to create a more transparent and investor-friendly environment in India’s public banking and financial services sector.
Why This Portal Matters: Financial Inclusion and Recovery
The launch of a unified platform for unclaimed assets is a significant step toward deeper financial inclusion in India. Millions of citizens, especially those from low-income backgrounds or rural areas, often lose track of their savings due to a lack of financial literacy or complex claiming procedures. By consolidating these services, the government is not only returning wealth to its rightful owners but also ensuring that these funds re-enter the active economy rather than remaining stagnant in government-managed funds.
Furthermore, this portal addresses the growing concern of digital fragmentation. Before this initiative, a user had to navigate multiple websites belonging to different regulators and individual banks, often requiring separate logins and varying documentation standards. The Common Landing Portal creates a standardized and simplified pathway, which is expected to increase the claim settlement ratio significantly over the next few years. This transparency also builds greater public trust in the formal financial system, encouraging long-term investment habits among citizens.
Key Takeaways
- The Common Landing Portal for Unclaimed Financial Assets was launched on May 30, 2026, by the Department of Financial Services (DFS) under the Ministry of Finance.
- The portal was developed in collaboration with the PSB Alliance, a joint venture comprising 12 public sector banks in India.
- It provides a unified gateway for citizens to search for unclaimed bank deposits, insurance claims, shares, and dividends.
- The platform integrates existing sectoral tools such as the UDGAM portal for bank deposits and the IEPF portal for dividends and shares.
- Total unclaimed financial assets in India across various sectors are estimated to exceed ₹2.2 lakh crore as of 2025.
- Users can search for assets using identifiers like PAN, Aadhaar, or name and receive a Unclaimed Asset Reference Number (UARN) to facilitate claims.
