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Bengaluru Hosts Investor Camp Resolving Unclaimed Shares & Grievances

The Investor Education and Protection Fund Authority (IEPFA) organized a successful "Niveshak Shivir" camp in Bengaluru to address investor grievances and unclaimed investments. Over 900 participants from Karnataka received on-the-spot support for claim facilitation, KYC updates, and resolution of pending issues directly with officials. The camp featured dedicated kiosks from companies and RTAs, eliminating intermediaries and providing transparent, efficient service. This initiative is part of a nationwide series, following similar successful events in cities like Pune and Hyderabad, to build an accessible financial ecosystem.

Key Points: IEPFA's Bengaluru Camp Resolves Investor Grievances On-Spot

  • Resolved unclaimed shares pending 6-7 years
  • On-spot KYC & nomination updates
  • 900+ investors from Karnataka participated
  • Direct access to company & RTA officials
  • Nationwide outreach across major cities
2 min read

Dedicated to promoting investor awareness, protection: IEPFA

IEPFA's Niveshak Shivir in Bengaluru helped 900+ investors resolve unclaimed dividends, update KYC, and settle pending claims with direct official access.

"bring investor services closer to citizens through direct facilitation and on-the-spot support - Investor Education and Protection Fund Authority"

Bengaluru, Jan 6

The Investor Education and Protection Fund Authority, under the Ministry of Corporate Affairs, is dedicated to promoting investor awareness and protection through sustained outreach, education, and strategic collaborations, it said on Tuesday.

IEPFA, in collaboration with the Securities and Exchange Board of India (SEBI) and Market Infrastructure Institutions (MIIs), successfully organised a "Niveshak Shivir" in Bengaluru.

The Niveshak Shivir was part of IEPFA's nationwide outreach series, focusing on cities with significant volumes of unclaimed investments.

The one-day camp witnessed enthusiastic participation from investors across Karnataka, offering them a single-window solution for grievance redressal, claim facilitation, and investor service assistance.

Over 900 investors and claimants from Bengaluru and nearby regions actively participated in the camp, which aimed to bring investor services closer to citizens through direct facilitation and on-the-spot support, informed the Authority.

Following successful editions in Pune, Hyderabad, Jaipur, and Amritsar, Bengaluru became the next city to host this investor-focused initiative, reaffirming IEPFA's commitment to building an investor-centric, transparent, and accessible financial ecosystem across India.

The Niveshak Shivir enabled direct facilitation of unclaimed dividends and shares pending for over six to seven years, provided on-the-spot KYC and nomination updates, and addressed pending IEPFA claim issues.

According to the Authority, dedicated kiosks were set up by stakeholder companies and RTAs, enabling investors to interact directly with officials and eliminate intermediaries from the process.

Hundreds of participants benefited from direct engagement with company representatives, RTAs, and officials from IEPFA and SEBI. The initiative received wide appreciation for its efficiency, transparency, and effectiveness in resolving grievances that typically take months to process.

Additionally, IEPFA also launched an insightful explainer booklet titled "A Complete Guide to IEPFA Claims and Investor Services", aimed at enhancing investor awareness and facilitating seamless claim resolution, said the ministry.

- IANS

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Reader Comments

R
Rajesh Q
Good step, but is this enough? There are crores of rupees in unclaimed funds. While camps are helpful, they need a stronger digital push. The website and claim process online is still very complicated for the common man. Simplify that first.
A
Aman W
Attended the camp in Bengaluru. The officials were very helpful. I got my KYC updated for my mutual funds and also got clarity on a small dividend that was stuck. No agent, no commission. Direct work. Hope they do this every year.
S
Sarah B
As an NRI investing in India, awareness is key. The explainer booklet is a great idea. The process can be daunting from abroad. More such transparent initiatives will build trust and bring more investment into the Indian markets.
V
Vikram M
This is what "Minimum Government, Maximum Governance" looks like on the ground. Taking services to tier-2 and tier-3 cities next should be the priority. Many middle-class families have small, forgotten investments they don't know how to claim.
K
Kavya N
Excellent work! The single-window system is a blessing. Usually, we have to run between the RTA, company registrar, and bank. Saving people's time and money. Please organise one in Mumbai soon!

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