A Brief and Step-by-Step Guide for Recovering Unclaimed Dividends

A Brief and Step-by-Step Guide for Recovering Unclaimed Dividends

What’s yours is yours. Sometimes though, you have to make efforts to get it. Such is the case with your unclaimed dividends.

If your family members or an organisation invested in the stock market, then you can claim those investments. However, it must be done through the platform of the Investor Education Protection Fund (IEPF).

Let’s learn about this factor from this post.

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    What Are Unclaimed Dividends?

    What you call a dividend is what a company pays a shareholder. However, just like a page unturned, you can lose these claims unless you claim them. If a company pays for a shareholder, which is yet not claimed, you call that unclaimed dividend or unclaimed shares.

    Suppose you are an investor, and you somehow failed to cash in a dividend cheque or a redemption cheque. The amount you could not cash in is defined as your unclaimed divided.

    It serves as a vital documentation in your investment history. However, unclaimed shares might cause amounts to stack up without official ownership. You don’t want that to happen. This is why you want to find out how to claim your dividend to get maximum benefits.

    How Are Unclaimed Dividends Different from Unpaid Dividends?

    This is a very important factor before claiming your shares. While both of them deal with the same thing, they denote two different phases of the deal of claiming your investments.

    We already know what unclaimed shares or dividends are. It is the amount the company is paying you but you don’t own it because you haven’t claimed it. On the other hand, unpaid shares or dividends mean there might be a problem between the declaration and the dates when the payment is to be made.

    What Is the Role of IEPF to Help You Recover Unclaimed Dividends?

    The IEPF platform is responsible for sending you your dividend amount. You need to follow a step-by-step process to get your unclaimed shares. Do not make mistakes and be extra careful in following the steps.

    The Investor Education Protection Fund serves as a link between the company and the investors to pay the unclaimed shares to the investors.

    It has a rule you might find interesting. According to this rule, the company should submit the share investment amounts to the IEPF when the investor has not claimed it for more than seven years and that too consecutively.

    Does it mean you cannot reach out to the IEPF when you want your unpaid dividends yourself? Of course, you can. What you want to use is the form-5 IEPF to claim your investment amounts.

    Recovering Unclaimed Dividends in IEPF Platform: A Brief Guide 

    The guide mentioned below explains how you can get the investment amount you haven’t claimed through the IEPF platform. Read them carefully:

    You’ll Need to Visit the IEPF Website

    The IEPF website is the portal that establishes the connection between you and your investors. It is the platform that accepts your application. Check your connections before going to the website.

    Click this link: iepf.gov.in to go to the website. You might want to go to the ‘Services’ menu. Search and find the ‘Claim Refund’ option.

    That’s not all. Find ‘Upload eFirms’ and click on it. We’re going to be directed to the next step.

    Time to Register in the MCA Portal

    It’s time to register into account. The MCA portal is where you register with your ID details. If you already have an account (which supposedly you have), then you should log in with the details in this portal.

    You must log in using the right processes. Going to the MCA portal, you need to choose the IEPF-5 form to register.

    Online Form Fillup Comes Next 

    As you know IEPF-5 is an online form, you need to ensure your Internet connection is stable. Your documents must be used in the right order. Make sure you do not mistake in filling up the details.

    Here are the documents you need to attach:

    • PAN card
    • Bank Account
    • Company details
    • Dividend details
    • Demat account details

    Submit the Documents and the Form  

    When you are done filling out the form and submitting the documents, it is time for you to submit the form with the attachments.

    It is wise to check the documents you have attached once again before you proceed to the submission part. The IEPF authority has something interesting for you here. You will be given the SRN acknowledgment. With the help of this acknowledgment, you will be able to monitor your IEPF unclaimed shares.

    Time to Print the Form 

    This is the time when you want to print the form and submit it to the concerned authority. In this case, you are to print out the form and then reach your nearest nodal officer to submit it. It’s that easy.

    When the nodal officer runs all the checks and necessary updates, the IEPF authority will be redirected to an E-Verification report. Of course, this is going to reach the authority with the nodal officer’s approval.

    Verification and Money Transfer 

    Your job is done at this stage. Now, you want to wait till the verification process goes on. Kindly note that this is a lengthy verification process. When it’s done though, you will be offered approval in the email. You will then receive the money in your demat account.

    How We Can Help

    Although gaining the unclaimed dividend from IEPF is a long process, it might also be something you barely understand. To help you save time and be efficient in the process, we at Infiny Solutions can help you claim your shares.

    You don’t have to worry about flaws or hiccups. Our trained professionals consider all your documentation and ensure they are used safely and securely to help you gain your claims.

    RECOVER YOUR LOST WEALTH

    Helping you liquidate your lost shares, unclaimed investments and dividends

    UNLOCK YOUR WEALTH

    Fill out the form below to contact us






      By submitting this form you agree with our terms & conditions

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