Recovery of HDFC shares from IEPF
Overview
One of India’s premier banks is HDFC Bank Ltd. HDFC Bank, a new generation private sector bank with headquarters in Mumbai, offers a wide range of banking services, including wholesale banking, retail banking, and commercial and
investment banking.
About HDFC
HDFC stands for Housing Development Finance Corporation. As a renowned Indian housing financial institution, HDFC provides loans to middle- and low-class citizens for the purchase of houses and to builders for the construction of houses. By providing Housing Finance systematically, it aims to boost residential housing stock
and increase homeownership.
India’s biggest housing finance company has its headquarters in Mumbai. With 427 interconnected branches, it has an extensive distribution network. There are also three branch offices in Singapore, London, and Dubai that provide home loan services. As part of the 1994 Indian Banking Industry liberalization, HDFC was one of the first to obtain RBI In Principle approval to form a private sector bank.
Corporate action of HDFC
| ANNOUNCEMENT DATE | EX-DATE | DIVIDEND TYPE | DIVIDEND (%) | DIVIDEND (RS) | REMARKS |
|---|---|---|---|---|---|
| 23-04-2022 | 12-05-2022 | Final | 1550 | 15.50 | Rs.15.5000 per share(1550%)Dividend |
| 18-06-2021 | 29-06-2021 | Final | 650 | 6.50 | Rs.6.5000 per share(650%)Dividend |
| 22-07-2019 | 01-08-2019 | Special | 250 | 5.00 | Rs.5.0000 per share(250%)Special Interim Dividend |
| 22-04-2019 | 20-06-2019 | Final | 750 | 15.00 | Rs.15.0000 per share(750%)Dividend |
| 23-04-2018 | 31-05-2018 | Final | 650 | 13.00 | Rs.13.0000 per share(650%)Dividend |
| 24-04-2017 | 29-06-2017 | Final | 550 | 11.00 | Rs.11.0000 per share(550%)Dividend |
| 22-04-2016 | 29-06-2016 | Final | 475 | 9.50 | Rs.9.5000 per share(475%)Dividend |
| 23-04-2015 | 02-07-2015 | Final | 400 | 8.00 | Rs.8.0000 per share(400%)Dividend |
| 22-04-2014 | 05-06-2014 | Final | 342.5 | 6.85 | Rs.6.8500 per share(342.5%)Dividend |
| 23-04-2013 | 13-06-2013 | Final | 275 | 5.50 | Rs.5.5000 per share(275%)Dividend |
HDFC Bank has declared an equity dividend of 1550.00% amounting to Rs 15.5 per share for the year ending March 2022. This results in a dividend yield of 1.07% at the current share price of Rs 1446.55.
Over the last more than 15 years, the company has consistently declared dividends.
Transfer of Shares to IEPF
Have you bought HDFC shares at the beginning but failed to claim them or the dividends in a timely manner?
In this case, you don’t have to worry, since all unclaimed shares and dividends transferred to the Investor Education and Protection Fund Authority which is regulated under the Ministry of Corporate affairs of India to protect the interest of investors and so the shareholders can claim their unpaid dividends and shares from IEPF.
A company’s shareholders can get a refund for unclaimed shares or unpaid dividends transferred to the Investor Education and Protection Fund Authority under Section 124 of the Companies Act, 2013.
Ministry of Corporate Affairs (MCA) established Investor Education and Protection Fund (IEPF). By transferring the unclaimed shares to their rightful owners, it ensures the rightful owners receive their shares.
Recover Unclaimed HDFC Bank Ltd or HDFC Ltd Shares From Iepf
When you invest your money in anything, the focus remains on what if we it is not worth it or what if i lose it. Whatever the case, the concept remains the same, since it is money that you have earned by working hard.
IEPF dividends should be claimed with the help of Shares Recover Experts, of course, with us.
If shareholder shares were transferred to IEPF, a refund may be requested from the IEPF Authority.
IEPF claims can only be made on behalf of registered shareholders whose shares have been transferred and entitlement letters have been issued.
It can be challenging to claim HDFC shares from the IEPF all by yourself, if you are aware of such shares or even have any doubts about any such shares. There are high possibilities that even the slightest mistake will result in your application being rejected.
Bottom line
It is necessary to hire a professional consultant if you wish to recover your unclaimed shares HDFC Bank Ltd or HDFC Ltd. Here’s where we come into play, connect with us. The recovery of shares involves many technicalities and a significant investment of time. And, if any detail gets missed, then there will be a lot of difficulties while
reclaiming shares. It would be wise to let the expert of shares recover take the burden off your shoulders. We can help you to recover your unclaimed share of HDFC Bank Ltd or HDFC Ltd. Trust the best in the market.
