Reclaim Your Wealth: Know The Difference Between Unclaimed Dividend And Unpaid Dividends
The government of India developed the IEPF or Investor Education and Protection Fund to safeguard and educate investors that will protect them from losing control of their stock and assets. There are many examples of investors failing to select a nominee for their shareholdings. This means if an investor passes away, his investments are transferred to the government, along with the money related to unclaimed dividends or unclaimed stock dividends . After that, these funds can be used by the government as they think right unless the rightful heir of the investor makes his/her claim. The IEPF encourages and allows investors’ to contact the government to ask for their dividends and even request that their shares that are long-forgotten shares be refunded, ultimately facilitating lost shares recovery. The IEPF was developed with the investors or shareholders’ best interest in mind, and hence, it helps protect the monies of investors along with raising awareness regarding this issue. What i