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UNCLAIMED DIVIDENDS INDIA
Have unclaimed deposits, insurance, mutual funds? Government launches single portal to trace forgotten assetsThe Ministry of Finance has launched a new portal to help citizens find forgotten money. This initiative, called 'Your Money, Your Right', ...- Do you have unclaimed dividends with State Bank of India? You need to do this by February 16, 2025State Bank of India (SBI) shareholders have until February 16, 2026, to claim unpaid or unclaimed dividends pending for seven years or more...
- PM Modi urges citizens to join ‘Your Money, Your Right’ movement as Rs 2,000 crore returnedPrime Minister Narendra Modi encouraged participation in the 'Your Money, Your Right' campaign, which has successfully returned Rs 2,000 cr...
- Rs 2,000 cr returned so far under 'Your Money, Your Right' initiative; PM urges citizens to claim unclaimed assetsNearly 2,000 crore rupees have been returned to citizens through the 'Your Money, Your Right' initiative. This government program helps peo...
- FinMin, RBI working on portal to help citizens claim unclaimed assets: DFS SecyThe finance ministry is working with the Reserve Bank of India to build a single portal that will allow citizens to track and claim unclaim...
- Supreme Court directs RBI, SEBI, IRDAI to track Rs 3.5L crore unclaimed assetsThe Supreme Court has asked financial regulators like RBI and SEBI to respond to a petition concerning unclaimed assets. A petition highlig...
- FM Nirmala Sitharaman launches 'Your Money, Your Right' campaignThe finance minister underlined the importance of the "3 A's" - Awareness, Accessibility and Action - as the guiding principles of the camp...
- FM Nirmala Sitharaman to launch nationwide awareness campaign for unclaimed financial assets on October 4Finance Minister Nirmala Sitharaman will launch a three-month nationwide awareness campaign, 'Apki Poonji, Apka Adhikar', starting October ...
- Unclaimed money in mutual funds surges 21% in 2024-25, AMCs hold Rs 3,400 crore in dividend & redemptions: SebiUnclaimed mutual fund money surged 21% to Rs 3,452 crore in 2024-25, primarily due to outdated investor details. Sebi addressed this with M...
- India to introduce easy process for claiming over ₹78,000 crore in unclaimed depositsBanks in India, both public and private, will soon adopt a streamlined format to help account holders or their nominees reclaim over ₹78,21...
- PSBs to pitch in for faster settlement of unclaimed deposits, suggest steps to RBIPublic sector banks in India will propose measures to the Reserve Bank of India to expedite the return of unclaimed deposits. Banks will an...
- Have unclaimed dividends and shares? You can recover themAccording to industry estimates, around ₹55,700 crore of shares and dividends have been shifted to the government's Investor Education and ...
- Rs 35,000 crore unclaimed deposits: Check out, your money could be lying hereA deposit is considered to be unclaimed if there has been no activity on it for ten years or longer, such as a deposit of funds or a withdr...
- Harsh Roongta on what can be done to prevent unclaimed deposits in banks, shares & debenturesIndia has about Rs 50,000 crore ($12bn) of unclaimed assets, including unclaimed shares and dividends, from small savings funds, insurance,...
- Rs 82,000 crore lying in unclaimed bank a/cs, life insurance, mutual funds, PF: How to get your money backET Wealth estimates that more than Rs 82,000 crore of investor wealth is lying unclaimed in forgotten and lost investments. There are uncla...
- IBBI amends voluntary liquidation process regulationsWith the amendments, a liquidator has to deposit unclaimed dividends and undistributed proceeds in a liquidation process along with any inc...
- Getting back lost shares, dividends now made easierSo far, around Rs 200 crore has been restored to the rightful claimants to whom the funds belong.
- New scheme for unclaimed dividends kicks in from tomorrowThe website of MFs and Amfi will also provide information on the process of claiming the unclaimed amount and the necessary documents requi...
- Sebi allows investment of unclaimed dividend in liquid fundsTo check mis-selling of mutual funds, markets regulator Sebi allowed unclaimed redemption and dividend amounts to be invested in a separate...
- Disclose details of 100 dormant accounts: CIC to postal departmentThe Central Information Commission has directed postal department authorities to make public details of 100 biggest unclaimed accounts with...
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