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​Government will take away your shares if dividend from shares have gone unclaimed for 7 consecutive years

If an individual has not claimed dividend given on shares held by him or her for seven consecutive years, then the company has to transfer those shares and the dividend money to Investor Education and Protection Fund (IEPF), which is managed by Ministry of Corporate Affairs (MCA). However, an individual can claim back those shares by following an online process. ....

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RBI issues new rules on inoperative, unclaimed savings accounts, FD, deposits: FAQs on how to claim, charges, interest to be paid

The Reserve Bank of India (RBI) has issued comprehensive guidelines on the measures to be implemented by the banks covering various aspects. The revised instructions shall come into effect from April 1, 2024, stated RBI. ....

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