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Showing posts from September, 2021

Recover your lost wealth — IEPF claim

  What is the IEPF Recovery? The  Investment Enhancement Program Recovery  is an  online cash recovery  platform that can be used by any type of investor, either experienced or novice. It leverages existing networks of business owners and professionals to  find the right assets  for the best profits, faster. In simple terms,  IEPF is the Investor Education and Prote c tion Fund . It was established by the Securities and Exchange Board of India (SEBI), with an objective to  protect the interest of investors.  This fund is used for the purpose of  investor education, investor awareness, and investor protection.  The fund is managed by SEBI to  protect the interest of investors. How to apply & Legal process If you have all the necessary documents or proof of your deposits, you can visit the nearest branch of the bank and file proof such as deposit slip, passbook, deposit form, etc. If the proof is accepted, the bank will issue you a  claim form  and will forward it to the Indian Embas

IEPF claim — Claim Shares or Dividends from IEPF in a hassle-free manner

  What are IEPF shares ? The Employee’s Provident Fund Organization is a government organization working under the Ministry of Labor and Employment. As the name suggests, it manages a pension fund for its members — a pool of money that is used to pay out the employees when they retire from service. It also stands for Income-Tax Free Saving Scheme and is a scheme for buying and selling shares without paying any tax. IEPF is a scheme that offers tax benefits and is a part of the National Saving scheme which was launched by the Government of India. This scheme allows investors to save money or to invest their savings in shares for higher returns. It offers tax benefits as the principal amount and interest earned under this scheme are not taxable.  How to make a Claim? If you are an investor, you can claim the mutual funds you hold in your Demat account. The first step is to identify which funds you want to claim. You can do so by logging on to the IEPF website (www.iepf.in) and downloadin