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 is the unclaimed/ unpaid amount transferred to the IEPF Fund?

mahindra-finance-author

by Mahindra Finance

|

July 21, 2023

|

1 mins read

Pursuant to section 124(5) of Act, 2013, a company shall transfer any amount lying in the Unpaid Dividend Account for 7 years along with interest accrued, if any, thereon to the Fund.

Related articles

How Does FD Linking On Savings Account Work?

Introduction Are you looking for a smart way to make your money work harder? Linking your fixed deposit (FD) to your savings account might be the solution you need. This unique offering not only helps...

KNOW MORE

May 23, 2024

What Is The 20/4/10/ Rule For Buying A Car?

Introduction to the 20/4/10 rule Buying a car is an exciting milestone in life, but it also comes with significant financial implications. To ensure sound financial well-being, it’s crucial to u...

KNOW MORE

April 17, 2024

Fixed Deposit For Early Home Loan Repayment: Accelerating Mortgage Payoff

Owning a home is a cherished dream for many Indians. However, repaying a home loan over an extended period can be daunting. If you wish to achieve financial freedom sooner and reduce your long-term in...

KNOW MORE

April 17, 2024