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Wednesday, December 03, 2025 | 08:01 AM ISTहिंदी में पढें
Name-based search: Key to unlocking unclaimed assets across sectors
A dedicated authority - focused on returning these assets - would be better positioned to overcome the psychological resistance that regulators have, to enabling searches based on names
 "While household deposits as a percentage of gross domestic product (GDP) came down to 4.1 per cent in 2023 from 6.1 per cent a decade back, borrowings by them during this period moved up from 3.3 per cent to 5.8 per cent, according to a report by man")
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In India, only IEPF nominally allows a name search — via a beta feature that rarely works. | Illustration: Binay Sinha
Once upon a time, there was a kingdom of hardworking but forgetful people. They saved diligently and, by custom, entrusted their wealth to jewellers in the form of gold jewellery. Some inscribed their full names on the items. Others marked only their initials.
Most returned to reclaim their jewellery. But a sizeable number moved away, forgot, or passed away without informing their heirs. Over time, the price of gold soared. What were once modest deposits became items of considerable value. Some jewellers began treating the unclaimed jewellery as their own.
Alarmed, the King ordered all such items transferred to the
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