Reacting to PM Modi’s Appeal: The Financial Necessity for Indians to Claim Unclaimed Assets By Shrikant Pandore, Co-Founder & CEO, Clearclaim
Pune (Maharashtra) [India], January 2 India is living with a silent economic paradox, wealth that belongs to Indians, yet lies unclaimed across institutions. The recent calls by the Hon’ble Prime Minister Narendra Modi exhorting Indians to come forward and claim unclaimed bank accounts, insurance dues, dividends, and investments have brought this increasing concern into the national forefront yet again. Estimates suggest that over ₹1 lakh crore is languishing unclaimed in the form of unclaimed financial dues.Unclaimed assets are not only due to negligence. In truth, they can be due to life occurrences like moving, loss of hard copies of investments, failure to inform about an address change, missed dematerialisation deadlines, or even death of investors who did not plan for transfers. Over...









