J&K Mega Camps Return Unclaimed Funds, Settle Rs 1.62 Crore in a Day

Overview

• The UTLBC held awareness‑cum‑settlement camps on November 14 in Jammu and Srinagar to help residents identify and claim dormant assets across banks, insurers, mutual funds and pension bodies.
• Events at Hotel Country Inn, Bahu Plaza in Jammu and Community Hall, Khalifa Pora, Khanyar in Srinagar offered on‑the‑spot verification and immediate disbursal of eligible claims.
• Officials reported roughly Rs 1.62 crore settled during the camps, including about Rs 5 lakh in unclaimed insurance proceeds handed to verified claimants.
• RBI Regional Director Chandra Shekhar Azad, who chaired the Jammu camp, cited over 17 lakh unclaimed accounts in J&K totalling Rs 465.79 crore, with nearly three lakh in Jammu district.
• Banks demonstrated the RBI’s UDGAM portal and ran help desks for re‑KYC, claim processing and grievance redressal under the DFS three‑month 'Your Money, Your Right' drive, supported by an RBI incentive scheme through September 2026.