Every year, crores of rupees languish in forgotten bank accounts, unclaimed dividends, stale shares, and dormant policies. It happens more frequently than you think. But while these dormant assets might look lost, many can be reclaimed. Let’s explore the scale, the realities, and how likely you are to get your money back.
How Big Is This Forgotten Pile?
India’s “unclaimed asset landscape” is massive and growing.
- Unclaimed shares & dividends: IEPF reports ₹82,199 crore sitting unclaimed across 1,561 companies – plus ~₹5,714 crore more in corporate benefits.
- Mutual funds: Approximately ₹35,000 crore remains untouched.
- Insurance policies: Between ₹22,000–27,000 crore awaits rightful owners.
- EPFO holdings: Another ₹27,000 crore is stuck in employee provident fund accounts
Layer in other schemes like PPF, UTI, fixed deposits, matured bonds… and the total crosses ₹2 lakh crore, nearly $25 billion. What’s more, this unclaimed amount is increasing at a rate of 15-20% every year!
Does this give you a realistic idea of how much amount you might potentially have just lying around? It might be worth looking into and we can help you with it!
Why So Much Goes Unclaimed?
A blend of bureaucracy and human nature are to blame.
- Change of contact details without updates leads correspondence astray.
- Prolonged inaction: Dividends unclaimed for 7 continuous years go to IEPF.
- Deaths without proper succession plans leave heirs unaware and at a loss.
- Physical certificates vs demat confusion: Many people don’t convert old shares and simply lose track of them.
It’s a silent epidemic, but one with solutions. And we can help you with tracking these funds and tackling the bureaucracy!
What Does the Reclaim Journey Look Like?
Step 1: We will discover and track your assets
We will use official portals (IEPF, RBI UDGAM, EPFO) and various third-party tools to see if you have unclaimed assets.
Step 2: We request you for documents and information
On the basis of what we have tracked, we will ask you to provide us with documents and information. We will take care of the paperwork and forms, so don’t worry about them!
Step 3: We file and submit forms.
We will fill in forms such as IEPF-5 and submit them, online and in physical print, as required.
Step 4: Verification and wait
Registrars, companies, and regulators will review the documents filed by us on your behalf. This process can take 3 to 6 months. We will check on the companies for delays to make sure you get it as soon as possible!
Step 5: Your funds are released!
On approval by the concerned authorities, your funds will be sent, or shares will be credited to your account, usually with dividends and interest included!
How Likely Are You to Actually Get It Back?
- Bank deposits: Recent RBI reforms (like video KYC) have streamlined access. This increases recovery chances for even rural customers.
- Dividends & shares: Only about 1% forgotten assets are currently claimed. But once all paperwork is in order, the success rates are over 90%!
Mutual funds & insurance: Mixed recovery rates. Mutual fund reclamations require navigating KYC and nominee rules; insurance claims hinge on proper documentation and communication. Rest assured though! We will give you a transparent picture of the situation and try our best to recover what belongs to you!
Basically, we can actively search, organize, and apply, to make sure that you stand a significantly better chance than the national average!
Why Asset Reclaimers Can Make a Difference
Recovering assets should be simple. But reality says otherwise. Here’s where we make an impact:
- Personalized support: We help you identify what’s unclaimed, using basic information and documentation you provide us.
- Paperwork help: We help you with KYC, succession forms, dematerialization, and indemnity, making sure that there are no mistakes in filling the application for you!
- Process tracking: We chase up on delays, follow up with companies and regulators so you don’t have to.
Transparent, success-based fees: You pay only when we deliver. No recovery = no fees.
Real People, Real Restorations
- Senior citizens reclaiming long-forgotten bank balances and matured PPF.
- Heirs retrieving ancestral shares and dividends worth lakhs.
- NRIs accessing assets locked away while navigating cross-border documentation.
They all did it. They just needed guidance. And because each fund counts, the payoff is personal, not just financial!
Conclusion
The unclaimed asset pool in India is vast and under-reclaimed. But that doesn’t mean your money is unreachable. Whether it’s dormant bank deposits, dividends, shares, EPF, insurance, or mutual funds, with some effort (or the right partner), most people can and do reclaim far more than they expect.Don’t let it slip away. You’ve already earned it! Now let’s help get started. Contact us now!