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Supreme Court Seeks Centre, Regulator Replies on PIL for Unified Portal to Track Unclaimed Assets

The bench set a four‑week deadline for responses following a plea highlighting ₹3.5 lakh crore in dispersed funds.

Overview

  • Notices were issued to the Union government, the Ministry of Consumer Affairs, the RBI, SEBI, IRDAI, the National Savings Institute, the EPFO and the PFRDA.
  • The petition by social activist Aakash Goel asks for an Aadhaar‑linked, e‑KYC portal to let individuals and heirs view and reclaim assets across banks, insurers, mutual funds and pension schemes.
  • The plea seeks mandatory capture of nominee details for every financial asset and a time‑bound grievance redressal system for claimants.
  • It cites more than 9.22 crore inoperative bank accounts and estimates over ₹3.5 lakh crore in unclaimed or dormant assets, with DEAF and IEPF together holding over ₹1.6 lakh crore.
  • The matter is listed for November 7 after the court ordered written replies within four weeks.