8th Pay Commission: Government Launches ‘Your Money, Your Right’ Drive to Return Unclaimed Funds

8th Pay Commission discussions are once again gaining attention as the central government focuses on financial transparency and citizen welfare. Along with salary revision talks, a major nationwide effort has started to help people reclaim their forgotten money. The Centre has launched the “Your Money, Your Right” campaign, aimed at returning unclaimed financial assets to their rightful owners.

PM Narendra Modi, in a LinkedIn post, revealed that ₹2,000 crore has already been returned under this initiative which officially began in October 2025. He urged citizens to participate actively, calling it an opportunity to recover their own “forgotten wealth.”

₹1 lakh crore unclaimed across the country

During a recent event, PM Modi highlighted the shocking amount of unclaimed money lying idle. Indian banks alone hold ₹78,000 crore in unclaimed deposits. Insurance companies have ₹14,000 crore, mutual funds ₹3,000 crore, and dividends worth ₹9,000 crore remain untouched. Altogether, more than ₹1 lakh crore is still unclaimed.

To make the recovery process easier for citizens, the government has set up Suvidha camps in 477 districts—covering both rural and urban regions. These camps have also been placed in remote areas to ensure that everyone can access support.

8th Pay Commission: What Exactly Is the Fitment Factor?

The 8th Pay Commission has made many people curious about who decides the fitment factor and how it affects their salary. Experts say the fitment factor is simply a number that multiplies your basic salary to decide your new pay.

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In the 7th Pay Commission, the fitment factor was uniform across pay levels. Although the Index of Rationalization (IoR) varies for different posts, it is not directly connected to the fitment factor. The final decision on the fitment factor lies with the Union Cabinet, even if the Pay Commission suggests a different value. This happened in the 6th CPC as well, when the government approved a higher multiplier than recommended.

How Much Salary Increase Is Expected Under the 8th Pay Commission?

People believe the fitment factor will play a major role in determining salary revisions. Rising DA rates and delays in implementation strengthen the case for a higher multiplier. However the government’s financial capacity will ultimately set the upper limit.

For instance if a factor of 1.8 is applied to a basic salary of ₹18,000, the new basic salary becomes ₹32,400. But when 58% DA is added, the net increase is only around 13%.

Possible salary jumps

• With a 1.83 fitment factor, ₹18,000 basic salary may rise to ₹32,940.
• With a 2.46 fitment factor, it could reach ₹44,280.
• An employee with ₹50,000 basic pay may see their salary move into the ₹91,500 – ₹1.23 lakh range.

8th Pay Commission Impact on Pension

If the 8th Pay Commission adopts a fitment factor of 2.0 an employee retiring with a basic salary of ₹25,000 will have their new basic fixed at ₹50,000. However, their pension will reduce by ₹25,000, as pensions depend on the revised basic pay structure.

Experts predict that the final fitment factor for the 8th Pay Commission may range between 2.0 and 2.2, but the government’s financial position and official recommendations will decide the final number.