Why families lose track of wealth
Numbers that should stop you mid-scroll
The money is still there. The trail is what went missing.
₹78,213 Cr
Unclaimed deposits · RBI DEAF
FY 2024
₹50,000+ Cr
Unclaimed shares · IEPF
Approx., FY 2024
₹48,000+ Cr
Unclaimed PF · EPFO
FY 2024
₹1,00,000+ Cr
Total unclaimed assets (India)
Conservative estimate
What “unclaimed” actually means
Not lost. Not stolen. Just waiting — often forever — because nobody knew it was still there.
7–10 years of silence
No activity from the owner or nominee for a defined period — and the account is treated as unclaimed.
The money still exists
It doesn’t vanish. It sits with a bank, AMC, or government fund — waiting for someone who knows where to look.
Families are never told
Old addresses, outdated names, missing nominees. After dormancy, most households never learn where the trail went.
Where India's unclaimed money lives
Five custodians. One pattern: inactive accounts, outdated nominees, families left searching.
Depositor Education and Awareness Fund
RBI DEAF
₹78,213 crore
as of March 2024
Savings, current and fixed deposits inactive for 10+ years.
Investor Education and Protection Fund
IEPF
₹50,000+ crore
estimated
Unclaimed dividends, debentures and shares from listed companies.
Unclaimed provident fund
EPFO
₹48,000+ crore
estimated
Inactive PF accounts after job changes — or when nominations were never updated.
AMFI / SEBI investor education
Mutual funds
~₹35,000 crore
inactive folios
Folios with no transactions for 10+ years — nominees missing or outdated.
IRDAI unclaimed claims
Insurance
₹22,000+ crore
maturity & death claims
Proceeds where the nominee was never informed — or never came forward.
Estimates from RBI, IEPF, IRDAI, and EPFO disclosures. Figures move year to year — always check the latest official source.
It isn't crime. It's complexity.
A typical Indian household in 2025 holds a financial life spread across apps, banks, policies, and drawers. No spouse, parent, or child can reliably list all of it from memory.
When the unthinkable happens, families spend months piecing the map together — and often never find it all.
A middle-class home often holds
- 2–4 bank accounts
- 3–10 mutual fund folios
- 1–3 demat accounts
- 2–6 insurance policies
- EPF + PPF + NPS
- Gold & jewellery
- Real estate / land
- Crypto, ESOPs, foreign equity
Why “I added a nominee” isn't enough
Regulators pushed nominations hard — and that helps. Four gaps still leave families searching.
Nominees don’t know
Most people register a nominee and never tell them. When it matters, they don’t know where to look.
Nominee ≠ heir
Under Indian law a nominee is often a trustee for legal heirs — not the owner. Confusion fuels disputes.
Nominees age out
A nominee from 2008 may have passed away or fallen out of touch by 2025.
30 separate nominations
One nominee per account isn’t a plan. A full financial life needs one clear home — not 30 disconnected forms.
Five steps every family can take
Not a lecture — a short checklist. A few focused hours can change what your family finds tomorrow.
- 01
Make a master asset register
Banks, funds, demat, insurance, EPF, property, gold, crypto — list what you own in one place.
- 02
Update nominees everywhere
Check each custodian portal. Names, contacts, and relationships should be accurate and current.
- 03
Tell your nominees
A nominee who doesn’t know they’re nominated is a nominee in name only. Tell them — calmly, on your terms.
- 04
Register a will
Vashiyat isn’t a substitute for a legal will — but knowing what you own makes drafting one far easier.
- 05
Review once a year
Ten focused minutes a year keeps the map current. Set a reminder so nothing slips.
How Vashiyat closes the gap
Organize what you own. Understand it clearly. Protect it with nominees — so the people who matter aren't left searching.
10+ categories, one home
Banks, investments, insurance, property, documents — organized where life already is.
People you trust
Clear, granular access for the people who matter — when you’re ready to grant it.
Reminders on your terms
A review workflow so every request stays on your timeline — and clarity is ready when someone needs the map.
Give your financial life a home.
Organize today. Stay clear every day. Keep your family ready for tomorrow.
Want the product walkthrough? See how Vashiyat works
Your children don't search.They simply open Vashiyat.
Every financial life deserves a home. Give yours one — starting today. Early access opens in waves.