As per the recent estimates more than Rs 80,000 crore of investor money is lying unclaimed with various banks, insurance companies, mutual funds, post-office, EPFO and other financial institutions. This money is in the form of unclaimed deposits in dormant bank accounts, unclaimed dividend from Mutual Funds and shares, unclaimed shares held in physical and demat form, maturity proceeds of insurance policies lying with the insurance companies, unclaimed redemption proceeds with Mutual Funds and even Public Provident Fund (PPF) and Employee Provident Fund (EPF) account.
Money lying in Inoperative Bank Accounts
Shares held in Demat Account
Physical Shares
Mutual Fund Redemptions
Maturity proceeds of Insurance Policies
Unclaimed from from PPF & EPF
Money lying in Fixed Deposit
Shares transferred to IEPF
Investments in Mutual Fund
Dividends from Mutual Fund & Shares
Claims against term life insurance policies
Succession Claims by legal heirs