login-icon
mahindra-finance-logo
login-icon
  • English
  • Hindi
  • Bengali
  • Marathi
  • Telugu
  • Tamil
  • Gujarati
  • Kannada
  • Odia
  • Malayalam
  • Punjabi
phone

Download App

Conveniently pay your EMIs, set payment reminders, view your loan details.

phone
|

When does the Unclaimed Amount go to Investor Education and Protection Fund(IEPF)?

mahindra-finance-author

by Mahindra Finance

|

June 22, 2023

|

1 mins read

As per section 125(2) of the Companies Act, 2013 read with Rules, any amount of matured Fixed Deposits along with interest accrued on it, which remains unpaid or unclaimed for a period of seven years from the date of maturity of the Fixed Deposit, shall be transferred by the Company to the Investor Education and Protection Fund (“IEPF”) established by Central Government.

The Company has regularly uploaded on its website as also on the website of the Ministry of Corporate Affairs, Government of India, full details of such unpaid or unclaimed Fixed Deposits along with the interest.

Related articles

SME Loans: A Complete Guide for Small Business Owners

Running a small or medium-sized enterprise (SME) comes with its own set of challenges. From managing day-to-day operations to expanding your business, navigating the financial aspects can be overwhelm...

KNOW MORE

April 10, 2024

What Are The Advantages & Disadvantages Of Investing In A Fixed Deposit?

An ideal way to kickstart your investment portfolio is through a fixed deposit (FD). It is not only risk-free and easy to comprehend, but also helps you in growing your wealth. In an FD, you...

KNOW MORE

June 29, 2023

What Is The Effective Yield In Fixed Deposits?

If you’re considering investing in a fixed deposit (FD), you’ve probably come across terms like “effective yield” and “annualised yield.” While the interest rate mentioned by banks...

KNOW MORE

March 1, 2024