Some basic information on unclaimed dividend transfer to IEPF
There are many people out there who need to reclaim any shares, dividends, debentures, deposits, and mutual funds that never reach them. They have ended up losing or misplacing their documents and certificates or they might have completely forgotten about them. In this case, a question might arise on how to find any unclaimed dividend. It can be a difficult task to regain these types of benefits since most of us do not have adequate knowledge of the procedure that has to be performed. What exactly is IEPF? IEPF (Investor Education and Protection Fund) is meant to promote the investors’ interests in the country. Any dividend which is unclaimed or unpaid for 7 years from the transfer date to a special account will be transferred to IEPF along with interest. Which amount is transferred to IEPF? Unclaimed dividend transfer to IEPF consists of the following: • The amount in the companies’ unpaid dividend account which remains unclaimed or unpaid