When does shares and investments become unclaimed?

For non-resident Indians (NRIs), shares or investments, whether in physical or dematerialized form, become unclaimed if they have not been claimed for seven consecutive years. Once this period lapses, both shares and dividends are transferred to the Investor Education and Protection Fund (IEPF), managed by the Ministry of Corporate Affairs (MCA).

In the case of bank accounts, if they remain inactive for more than ten years, the funds are moved to the Depositor Education and Awareness Fund (DEAF).

Both these funds allow investors or their legal heirs to reclaim the unclaimed assets through the necessary legal process.

If you are an NRI looking to manage or grow your wealth, mutual funds India is a great option. Mutual funds for NRI can offer easy access to mutual fund investment by NRI opportunities. NRIs can also invest in Indian stock market and explore avenues like NRI investment in share market for wealth generation.

For more diversified investments, you can explore alternate investment fund options like AIF (alternative investment fund) and alternative mutual funds. These alternative asset funds offer the possibility of high returns while diversifying risks.

If you prefer more secure investments, consider FD in India for NRI, which provides attractive NRI fixed deposit rates in India and competitive NRI interest rates in India. For personalized wealth management, PMS taxation for NRI can assist with tax planning, and for innovative investment strategies, Gift city investment for NRI provides unique opportunities.