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Dividend

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 July 2012 unclaimed dividend is required to be deposit with scheduled banks can we get interest on that amount until the expiry of seven years , that amount is deposit with private or public banks
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Ajay Mishra

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Ajay Mishra (Expert)
30 July 2012 Hi

Unclaimed amount is deposited with scheduled bank and until the expiry of 7 yrs this amount and any interest thereon will be kept on the same account after expiry of seven year they will be transfers into IEPF with interest.
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