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Recover Lost Shares of IndusInd Bank Limited from IEPF

Recover Lost Shares of IndusInd Bank Limited from IEPF

Before understanding the steps for claiming Indusind Bank Ltd. Unclaimed Shares and Dividend from IEPF, let’s take a closer look at why it matters to you to claim your shares and dividend. When Indusind Bank Ltd.’s shares were listed on stock markets, they have consistently been among the best-performing equities in the market. Indusind Bank Ltd. ‘s per-share price in 2000 was approximately Rs. 25, and as of 7.11.2022, it has climbed to Rs. 1144 without accounting for bonuses or share splits.

Let’s say you purchased 100 shares of Indusind Bank Ltd. in 2000 for a price of Rs. 25 per share.

As of 7.11.2022, the share price of Indusind Bank Ltd. is 1144. The total investment value is 100*1144, or 1.14 lakhs.

100 Indusind Bank Ltd. shares would have cost around Rs. 1.14 lakhs in 2000. If you are one of them and your share count is higher and you have donated your shares to the IEPF, consider your current net worth, which includes bonus shares and dividends. With such a spectacular figure, who wouldn’t search for their unclaimed Indusind Bank Ltd. shares and dividends?

Why have your Indusind Bank Ltd Unclaimed shares gone to IEPF?

Government laws provide that any dividend on shares that has not been claimed for seven or more consecutive years must be given to the Investor Education and Protection Fund by the relevant company (IEPF). A corporation is required to transfer shares to the IEPF if dividend is not claimed for seven consecutive years. In the past, businesses would benefit from an investor’s ignorance and retain the funds for themselves if the investor didn’t file a compensation claim. After realising this error, the government enacted the IEPF, which mandates that companies transfer shares that have not been claimed for seven years in a row.

What is IEPF and its Purpose?

The Indian government instituted the Investor Education and Protection Fund (IEPF) on September 7, 2016, as a regulatory framework to oversee and preserve investor monies, in compliance with the provisions of Section 125 of the Companies Act of 2013.

The IEPF’s responsibilities include reclaiming shares, maturing deposits and debt obligations, unpaid dividends, and improving investor awareness. It also ensures that the depositors will be compensated for any legal expenses incurred in filing a lawsuit.

The following measures must be followed in order to seek shares of Indusind Bank Ltd. and dividends from the IEPF authorities: IEPF’s full name is Investors Education and Provident Fund. To submit an IEPF claim, adhere to the instructions below.

  1. Obtain the IEPF-5 form on the MCA interface from the IEPF website. Claimants are strongly advised to thoroughly read and adhere to the instructions in the instruction manual that is available on the IEPF website.
  2. Complete the form and send it. On the acknowledgement, a “Submit Request Number” will be produced (SRN). Please keep this SRN close by in case you ever need to trace a form.
  3. Print out the completed form together with the associated acknowledgement.
  4. Deliver the original copies of the indemnity bond, acknowledgement, share certificate, and IEPF Form 5 to the Nodal Officer (IEPF) of the company’s registered office along with a self-attested copy of your Aadhaar card and the data listed below in the envelope marked “Claim for refund from IEPF Authority.”
  5. Before sending the claim form to the IEPF authorities, the company’s nodal officer will now review it. Based on the verification report, the IEPF authorities will then pay any unclaimed shares and dividends to the client account.
  6. The company’s verification report must get a response from the IEPF authorities within 60 days.

Receiving a reimbursement from IEPF might take more than 8 to 12 months because they only have one office, which is in Delhi.

How to Determine if Shares of Indusind Bank are in the IEPF

To find out if your Indusind Bank Ltd. shares are in the IEPF or not, follow the guidelines below:

  • To proceed, click this.
  • Name, father’s name, folio number, DP-ID, Client-ID, and account number of the investor should all be entered.
  • And finally, click the search button.
  • Please be aware that you can search using any of the following combinations:
  • the investor’s father’s or husband’s name
  • No. of Pages (should be same as per the certificate)

DP-ID, Client-ID, and Account Number must be written in the manner described and separated by a hyphen rather than a space (DPID-ClientID-Account Number).

The aforementioned Link occasionally provides false information. In this instance, contacting the company’s registrar is the best course of action. Indusind Bank Ltd.’s annual report contains the registrar’s contact details.


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