Partner with UnClaimedX
The unclaimed money problem is too large for any one companyto solve alone.
Billions of dollars in financial assets go unclaimed, across every country, every institution, every family. UnClaimedX is building the infrastructure to change that. And we need organisations like yours to make it real.
RBI ₹78,213 Cr IEPF ₹89,004 Cr IRDAI ₹21,718 Cr EPFO ₹8,505 Cr
₹1.84 lakh crore is sitting with institutions that have no way to reach the people it belongs to.
The cost of silence
It never shows up as a loss.It shows up as a liability.
An account nobody claims does not simply disappear. It remains an obligation for the institution: tracked, serviced, reported and eventually transferred under the applicable rules.
And while the institution can safeguard the money, it cannot solve the thing that made it unclaimed in the first place. The family did not know it existed.
RBI circular on Inoperative Accounts and Unclaimed Deposits, January 2024. Depositor Education and Awareness Fund Scheme, 2014.
Savings account
Opened 2009
XXXX XXXX 4821
Status
Active
No customer activity for
9 days
Still claimable. Nobody knows to claim it.
01It stays on your books
An unclaimed balance does not resolve itself. It remains an obligation to be tracked, serviced and reported until it is claimed or transferred under the applicable rules.
02The cost keeps running
Inoperative accounts and unclaimed deposits create continuing reconciliation, monitoring, audit and compliance work, every quarter, for a customer who is no longer engaging with the institution at all.
03The system is already doing its part
RBI requires banks to trace account holders, alert them before accounts become inoperative, publish unclaimed deposit details, and support recovery through the central search infrastructure.
And yet, unclaimed money exists.
04And the family still arrives with half a picture
They come with a death certificate and the accounts they happened to know about. Your staff can help them claim every one of those. Nobody in the room can tell them about the one they never knew to ask for.
The problem begins outside your institution. At a kitchen table, in a conversation that never happened.
You can safeguard the asset, process the claim and return the money. You cannot reach a family that does not know the asset exists.
That is the layer UnClaimedX connects.
Get in touch
Let's make sure theyfind what's theirs.
Finding the asset is only half the job. The other half is making sure the family knows to look for it.
Tell us who you are and where you think this fits.
We reply within two working days.
Sandeep Gaonkar
Founder, UnClaimedX