You can claim your dividend by making an online application to the Authority set up by the Ministry of Corporate Affairs (MCA) in India. That can be done by submitting the Form IEPF-5 available on the government website along with payment of the application fee specified by the Authority.
You should also write a request letter to the company’s RTA mentioning the depository participant ID and client ID as well as the period for which the dividend has not gotten received.
After you have submitted your online application, you have to send the written letter to the RTA along with requisite documents like a copy of acknowledgement, indemnity bond, cancelled cheque, original share certificate, proof of entitlement and a copy of your passport.
After the company receives your claim form and completes verification, it sends a verification report to the IEPF Authority within 15 days, and the Authority either approves or rejects the Form and your enclosures submitted based on its authenticity subject to further verification. If your application gets approved, the Authority presents a bill to the Pay and Accounts Office for e-payment of the amount of dividend you have claimed.
Now that you know about company dividends
and the process of claiming them, let us take a look at the best dividend yield mutual funds
in India and also the popular low price and high dividend stocks in India. You can also read about other long-term investment options in India by clicking here
10 Best Dividend Yield Funds
in India (for a period of one year) –
Principal Dividend Yield Fund Direct Growth – 10.75%
Aditya Birla Sun Life Dividend Yield Fund Direct Growth – 9.98%
UTI Dividend Yield Fund Direct Growth – 6.61%
HSBC Asia Pacific (Ex Japan) Dividend Yield Fund Direct Growth – 15.61%
IDBI Dividend Yield Fund Direct Growth – 14.40%
HSBC Dividend Yield Equity Fund Direct Growth – 8.70%
Tata Dividend Yield Direct Plan Growth – 4.76%
ICICI Prudential Multiple Yield Fund Series 7 1825 Days Plan E Growth – 7.34%
ICICI Prudential Multiple Yield Fund Series 6 1825 Days Plan D Direct Growth – 6.78%
ICICI Prudential Multiple Yield Fund Series 8 1824 Days Plan A Direct Growth – 6.44%
Here are the 10 best dividend stocks in India that have a history of consistent dividends over the years –
Indian Oil Corporation
National Aluminum Co.
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