How much unclaimed dividend is in India?

 As of March 31, 2023, there is INR 12,778.24 crore (US$ 1.6 billion) in unclaimed dividend in India. This amount is held by the Investor Education and Protection Fund (IEPF), which is managed by the Ministry of Corporate Affairs.

The IEPF was established in 2001 to protect the interests of investors. It receives unclaimed dividends, shares, and other investor monies from companies. The IEPF uses these funds to promote investor education and protection activities.

You can check if you have any unclaimed dividends by visiting the IEPF website. You can also claim your unclaimed dividends online or by post.

Here are the steps on how to claim unclaimed dividends online:

  1. Go to the IEPF website.
  2. Click on the "Unclaimed Dividends" tab.
  3. Enter your PAN number or DIN number.
  4. Click on the "Search" button.
  5. If you have any unclaimed dividends, you will see them listed on the screen.
  6. Click on the "Claim" button to start the claim process.

You can also claim your unclaimed dividends by post. To do this, you will need to download the "Unclaimed Dividend Claim Form" from the IEPF website and fill it out. You will then need to send the form along with a copy of your PAN card or DIN card to the IEPF address.

The deadline to claim unclaimed dividends is 7 years from the date they became due. If you do not claim your unclaimed dividends within this time period, they will be forfeited to the IEPF.

unclaimed dividend



Location: Delhi, India

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