Home / Opinion / Columns / Unclaimed assets: Create searchable databases

Unclaimed assets: Create searchable databases

Over Rs 1.5 trn can be unlocked and put to productive use if unclaimed assets are restored to their rightful owners

Premium

Photo: Freepik

Harsh Roongta

4 min read Last Updated : Dec 31 2023 | 10:42 PM IST

Listen to This Article

This New Year you have a unique opportunity to bring joy to your circle. Create a list of 20 acquaintances born before 1970. Visit iepf.gov.in, click on “Search unpaid/unclaimed amount” under the “Services” tab, and enter their names in the search box. Voilà, you may discover unclaimed shares or dividends in their names, transferred to the Investor Education & Protection Fund (IEPF). The value of these forgotten investments can at times run into several lakh.

Shares with dividends unpaid for seven years or more get transferred to the IEPF. IEPF currently holds about Rs 47,000 crore in shares

Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

Topics : BS Opinion dividend Elderly population funds

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in