Skip to main content
Loading page, please wait…
HomeCurrent AffairsEditorialsGovt SchemesLearning ResourcesUPSC SyllabusPricingAboutBest UPSC AIUPSC AI ToolAI for UPSCUPSC ChatGPT

© 2026 Vaidra. All rights reserved.

PrivacyTerms
Vaidra Logo
Vaidra

Top 4 items + smart groups

UPSC GPT
New
Current Affairs
Daily Solutions
Daily Puzzle
Mains Evaluator

Version 2.0.0 • Built with ❤️ for UPSC aspirants

Campaign to settle unclaimed bank assets — UPSC Current Affairs | December 28, 2025
Campaign to settle unclaimed bank assets
A special campaign named 'Ningalude Panam Ningalude Avakasham' will be held in Kollam to identify and return unclaimed bank deposits, organized by the Department of Financial Services. This initiative is relevant for UPSC GS3 (Economy) and GS2 (Government Policies) concerning financial inclusion and citizen's rights.
Overview A special campaign titled ‘Ningalude Panam Ningalude Avakasham’ (Your Money, Your Right) is scheduled for December 29 in Kollam . The initiative aims to identify and return unclaimed bank deposits to their rightful owners. Key Developments Organizing Body: The campaign is organized by the Department of Financial Services (DFS) under the Ministry of Finance . Inauguration: The event will be inaugurated by District Collector N. Devidas . Objective: The primary goal is to return funds from accounts that have remained inactive for over 10 years . Unclaimed Deposits: Currently, the district holds approximately ₹147.03 crore in unclaimed deposits across 6.63 lakh accounts . Assistance: Attendees can check for any deposits owed to them and receive guidance on the necessary documentation to prove ownership. Post-Camp Support: Assistance centers will be set up at major banks for further support after the camp. Contact: For more information, the public can contact 9447905980 . UPSC Relevance This initiative is relevant to the UPSC syllabus , particularly under GS3 (Economy) concerning financial inclusion and banking sector issues, and GS2 (Government Policies) regarding initiatives aimed at citizen empowerment and financial security. Potential UPSC Questions Discuss the challenges associated with unclaimed deposits in the banking sector and their impact on financial inclusion. Evaluate the effectiveness of government initiatives like 'Ningalude Panam Ningalude Avakasham' in addressing the issue of unclaimed deposits. Analyze the role of technology and awareness campaigns in reducing the accumulation of unclaimed deposits. Important Facts Campaign Name: Ningalude Panam Ningalude Avakasham (Your Money, Your Right) Date: December 29 Location: Kollam Organizer: Department of Financial Services (DFS), Ministry of Finance Unclaimed Amount: ₹147.03 crore Number of Accounts: 6.63 lakh Inactivity Period: Over 10 years
  1. Home
  2. Prepare
  3. Current Affairs
  4. Campaign to settle unclaimed bank assets
Login to bookmark articles
Login to mark articles as complete

Overview

Full Article

Read Original

Analysis

Prelims Facts (Factual Knowledge)

  1. Name of the campaign: Ningalude Panam Ningalude Avakasham
  2. Organizing body: Department of Financial Services (DFS)
  3. Amount of unclaimed deposits: ₹147.03 crore
  4. Number of inactive accounts: 6.63 lakh
  5. Duration of inactivity: Over 10 years
  6. Location of the event: Kollam

Mains Angles (Analytical Discussion)

  1. Discuss the reasons for the accumulation of unclaimed deposits in banks.
  2. Analyze the role of government initiatives in promoting financial inclusion and reducing unclaimed deposits.
  3. Evaluate the effectiveness of campaigns like 'Ningalude Panam Ningalude Avakasham' in addressing the issue of unclaimed deposits.

Essay Themes (Critical Thinking)

Financial Inclusion and Economic Development

The Role of Government in Protecting Citizens' Financial Rights

Related:Daily•Weekly

Loading related articles...

Loading related articles...

Tip: Click articles above to read more from the same date, or use the back button to see all articles.

Explore:Current Affairs·Editorial Analysis·Govt Schemes·Study Materials·Previous Year Questions·UPSC GPT