Now Reading: How SBI investors can check and claim unclaimed dividends
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How SBI investors can check and claim unclaimed dividends
State Bank of India has asked shareholders to check whether unpaid dividends remain in its records or have been transferred to the Investor Education and Protection Fund. Investors can search SBI’s website…
The Story in Brief
State Bank of India has asked shareholders to check whether unpaid dividends remain in its records or have been transferred to the Investor Education and Protection Fund. Investors can search SBI’s website using details such as their folio number, Client ID, PAN and name. Dividends left unclaimed for seven consecutive years after transfer to the company’s unpaid dividend account must be moved to the IEPF, along with accrued interest.
For dividends already transferred, investors must search SBI’s IEPF records and file Form IEPF-5 on the IEPF Authority portal, with the required documents. Physical-share investors need an eight-digit folio number, while demat holders should use their 16-character DP ID and Client ID. SBI lists KFin Technologies and SBI Investor Services as assistance channels.
The Indian Opinion
The easy claim that unclaimed dividends are simply lost is wrong, but so is treating recovery as effortless. Address changes, outdated bank details and old physical certificates can block payment, while the seven-year rule creates a clear deadline for action. Investors should first search SBI’s records, then keep proof of ownership and identity ready before filing IEPF-5. The practical test is whether the claim matches the folio or demat details recorded by SBI.
Source: businesstoday.in
This story was synthesised by AI from the source linked above.
