Tarun Karthick
Sri Vijaya Puram, 29 November 2025
Under the aegis of the Department of Financial Services (DFS), Ministry of Finance, Government of India, the Union Territory Level Bankers’ Committee (UTLBC) Andaman & Nicobar Islands conducted a Mega Restitution Camp on 28th November 2025, to facilitate citizens in tracing and reclaiming long-pending financial assets. The camp was held at the Conference Hall of SBI RSETI, SBI Complex, from 3 pm onwards.
The programme forms part of a three-month-long nationwide awareness and disbursement campaign launched by DFS in coordination with the Reserve Bank of India (RBI) and financial sector regulators including IRDAI and SEBI. The objective is to assist individuals in retrieving unclaimed bank deposits, inactive mutual funds, dormant insurance proceeds, unclaimed dividends and shares, and other forgotten financial assets lying across various institutions.
Officials said the initiative is aimed at ensuring that citizens, or their rightful heirs and nominees, are able to reclaim their savings. The campaign also seeks to expedite settlements and enhance public awareness regarding dormant financial holdings.
The camp was attended by Mr. Santosh Sahu, Regional Manager, SBI; Mr. C. Raj, Director RSETI; Mr. P. K. Ummer Farooq, Chief Manager, UTLBC; Mr. Vivek Bharati, Representative of RBI; Mr. Sonu Kumar Mondal, LIC; and Mr. Uma Shankar from Chola General Insurance.
During the event, claim certificates were distributed to 35 beneficiaries under the nationwide campaign “Apki Poonji, Apka Adhikar”. Officials shared data revealing that as of August 31, 2025, a total of 74,487 accounts amounting to ₹44.69 crore remain unclaimed in the Depositors Education and Awareness (DEA) Fund from the Andaman & Nicobar Islands. During the current campaign period, 483 accounts worth ₹4.78 crore have been successfully settled.
The programme drew active participation from citizens and stakeholders, reflecting increasing public awareness and confidence in financial inclusion efforts.
The initiative marks a significant step toward ensuring financial justice and transparency, reinforcing the belief that every citizen has the right to access their rightful financial dues.
