Share Samadhan

  Have you ever forgotten where you have invested, and when is the maturity date? Individuals, as well as companies, sometimes forget about their investments in different bank accounts. The situation leads to unclaimed amounts at different banks; and other financial organizations. For clearing the clutter, the bank sent these unclaimed amounts into a separate bank account. The liable person can claim for the same dividend within the coming 7 years. But after that, you cannot claim straight from the bank according to the policy of the Ministry of Corporate Affairs; the unclaimed dividend transfer to IEPF .  Significance of IEPF IEPF or Investor Education and Protection Fund is created by the Ministry of Corporate Affairs to make people aware of their investments in some scheme at a bank or other financial organizations. If the person has lost the paper or has changed location, or is not alive anymore, the banks wait for 7 years and transfer the amount to this authority. You can...

  You must have heard the name of IEPF or the Investors Education and Protection Fund, an establishment, under the authority of the Ministry of Corporate Affairs, Government of India. This organization works to collect the amount of investment or shares that stay unclaimed for more than 7 years. Some people do exist who may have missed the maturity of their investment and bank and other financial organizations send the money after years of no claim to IEPF. When you finally remember the investment, you need to communicate with the organization to get the amount back. You need to take help from an iepf consultant on this matter.  Why do you need to communicate with IEPF? You will not compromise the investment you have done once. What you can do is consult some expert professional companies who help you to submit your appeal for the refund to the organization. For that, you need to fulfill some criteria, like filling forms and submitting documents along with your identity. You...