Simplifying IEPF Claim Filing for NRIs: A Path to Reclaiming Forgotten Investments
For many Non-Resident Indians (NRIs), tracking past investments in Indian companies can be a challenging task, especially when shares or dividends remain unclaimed over the years. With the advent of the Investor Education and Protection Fund (IEPF) Authority, a systematic process has been introduced to help investors recover such lost assets. IEPF claim filing for NRIs has become increasingly relevant as numerous NRIs are discovering that their long-forgotten dividends, shares, or matured deposits have been transferred to the IEPF due to inactivity. Understanding the IEPF claim process is crucial for reclaiming what is rightfully yours, especially if you have been living overseas for an extended period. The IEPF was established by the Ministry of Corporate Affairs to promote investor awareness and safeguard unclaimed shares and dividends. According to the rules, any dividend that remains unclaimed for seven consecutive years, along with the corresponding shares, is transferr...