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

mahindra-finance-author

by Mahindra Finance

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June 22, 2023

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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.

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