To make it easier for investors and their heirs to apply for unclaimed dividends, interest on bonds, matured deposits and shares, the government will make available a new utility for the public to search the database of such assets valued at over ₹5,600 crore lying with the Investor Education and Protection Fund (IEPF).
The investor-friendly step will also enable claimants to skip private entities that charge a fee to search and claim shares and dividends on their behalf.
A senior official from IEPF Authority said in response to a query that the government is setting up an integrated portal that will make it easier for claimants to search for shares in the IEPF and thereafter file claims and receive the shares and dividends within a certain timeframe.
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