Bajaj Finserv Ltd., one of India’s top financial companies, has millions of investors across the country. Over time, some shareholders forget to update their contact details or misplace physical share certificates. In other cases, heirs may not know about their family’s holdings, leaving shares and dividends unclaimed. To protect these assets, the government transfers them to the Investor Education and Protection Fund (IEPF) after seven years. As of March 2023, around 117 crore unclaimed shares and ₹5,700 crore in unclaimed dividends are with the IEPF. The good news is that this money isn’t lost; investors or their heirs can recover it by following the IEPF claim process. Let’s check this guide to see how you can claim your shares and dividends.
Bajaj Finserv Ltd. At a Glance
To understand why reclaiming these shares is so important, let’s look at Bajaj Finserv Ltd. itself.
Overview:
Established in 2007, it is part of the prestigious Bajaj Group and has grown into a financial services giant.
Core businesses:
The company operates across lending, insurance, and wealth management, with a strong presence in consumer finance and digital services.
Market performance:
Bajaj Finserv’s stock currently trades at ₹2,069.15, slightly up from the previous day. It remains near its highest level in the past year, ₹2,134.45. With a market capitalization of ₹3.3 lakh crore, it’s clear investors have confidence in the company.
Investor trust:
The company has a history of rewarding shareholders through dividends and bonus issues.
Future outlook:
With India’s growing demand for digital lending, insurance penetration, and wealth advisory, the potential for growth is immense.
Even a small forgotten shareholding in Bajaj Finserv Ltd. can be worth lakhs of rupees today, making it all the more important to start your IEPF claim process without delay.
Why Investors Lose Track of Their Bajaj Finserv Ltd. Investments
Even responsible investors can lose track of their shares or dividends. Some of the most common reasons why Bajaj Finserv Ltd. investments end up unclaimed include:
Frequent relocations or job transfers:
In a country where people move frequently for jobs or business, many fail to update their address with the company or registrar. As a result, dividend cheques or notices get lost.
Transition from physical to demat shares:
Many shareholders never dematerialised their old physical certificates. Over time, these paper certificates were forgotten.
Missed updates after address or name change:
Changes due to marriage, legal procedures, or minor errors in records often cause mismatch issues.
Lack of awareness among heirs:
Families of deceased shareholders often remain unaware that their loved one owned shares in Bajaj Finserv Ltd., leaving the assets unclaimed.
What Happens to Unclaimed Bajaj Finserv Ltd. Shares and Dividends?
The Indian government introduced the 7-year transfer rule to ensure unclaimed assets are properly managed. If a dividend remains unclaimed for seven consecutive years, both the unpaid dividend and the underlying shares are transferred to the IEPF.
The IEPF authority then takes custody of these assets. The most important thing to note is that investors do not lose their ownership rights. Even after 7 years or 20 years, investors or their heirs can still initiate an IEPF claim and recover their rightful wealth. This framework gives shareholders confidence that their investments remain safe, even if temporarily forgotten.
Documents Needed for Bajaj Finserv Ltd. IEPF Claim
Having the right paperwork in place is key to a successful claim. By organizing these documents early, you can avoid unnecessary delays. Here’s what you’ll need:
For shareholders:
PAN, Aadhaar, and bank details
Proof of shareholding (old share certificate or Demat statement)
Cancelled cheque for dividend transfer
For heirs of deceased shareholders:
Death certificate of the shareholder
Succession certificate, probate of will, or legal heir certificate
ID proofs of heirs
For special cases:
Affidavit or indemnity bond for lost or damaged certificates
Supporting documents for name/address change
The IEPF Claim Journey for Bajaj Finserv Ltd. Stepwise Process
Recovering your unclaimed dividends and shares may sound complicated. Still, the process can be broken down into 6 clear steps: This transparent process ensures investors can rightfully recover what belongs to them.
Step 1: Connect with the Right Contacts
Start by reaching out to the Company Secretary of Bajaj Finserv Ltd. or the Registrar & Transfer Agent (RTA), KFin Technologies Pvt. Ltd. You can contact the RTA via einward.ris@karvy.com or mohsin.mohd@kfintech.com. They will verify your details and guide you on the next steps to claim your shares or dividends.
Step 2: Verify Your Holdings
The RTA will confirm your shareholding and provide instructions on how to proceed. Ask them for an Entitlement Letter, which details your shares and dividends eligible for transfer. If you have lost your original share certificates, the RTA will guide you through the duplicate share certificate process.
Step 3: Legal Heir Claims (if applicable)
If the original shareholder is deceased, the legal heir must establish their legal heirship with the RTA using the required legal documents. Once verified, the heir can follow the company’s transmission process to claim the shares.
Step 4: File the IEPF Claim
If your shares or dividends have already been transferred to the Investor Education and Protection Fund (IEPF), you will need to file a claim on the MCA/IEPF portal using Form IEPF-5. Upload scanned copies of all required documents and note the Service Request Number (SRN) for tracking.
Step 5: Submit Physical Documents
After filing online, send the signed Form IEPF-5 along with attested copies of supporting documents to the Nodal Officer of Bajaj Finserv Ltd. Do not send documents directly to IEPF unless instructed.
Step 6: Track Your Claim & Receive Shares
Use your SRN to monitor the claim status on the IEPF portal. Once verified by both the IEPF Authority and Bajaj Finserv/RTA, your shares will be credited to your Demat account or dividends will be refunded.
Why Bajaj Finserv Ltd. IEPF Claims Can Be Delayed or Complicated
While the process is straightforward, investors often face hurdles such as:
Errors in documentation: Name mismatches, incomplete details, or missing signatures are frequent issues.
Delay due to incomplete paperwork: Missing a single required document can push the claim back by months.
Heir disputes: Inheritance cases often require legal intervention, especially when multiple heirs claim the same asset.
These challenges are the reason many investors seek professional help from unclaimed investment recovery company to handle their IEPF claim effectively.
How Experts Of Crystal Peak Wealth Simplify Bajaj Finserv Ltd. IEPF Recovery
Handling an IEPF claim on your own can be overwhelming, especially if it involves inheritance, lost certificates, or long-pending dividends. This is where professionals pf Crystal Peak Wealth step in. Crystal Peak Wealth, an Unclaimed Investment Recovery Company, specialises in helping investors reclaim their lost wealth. Working with such professionals increases the chances of a smooth and quick recovery of Bajaj Finserv Ltd. shares.
These experts:
Verify and prepare all required documents.
Ensure timely follow-ups and prevent rejection due to clerical mistakes.
Offer end-to-end guidance, saving investors time and stress.
Conclusion
Unclaimed shares and dividends are not just numbers on paper. They represent real wealth that belongs to you and your family. With Bajaj Finserv Ltd. being one of the most valuable companies in India’s financial sector, recovering what’s rightfully yours becomes even more important. The IEPF is designed to protect investor interests and ensure a transparent recovery process. However, due to documentation complexities and delays, many investors turn to Crystal Peak Wealth, a trusted Unclaimed Investment Recovery Company. Paperwork is handled efficiently by SEBI-registered professionals, and the company is trusted by 2,400+ clients across India.
If you or your family have ever invested in Bajaj Finserv Ltd., don’t let your wealth remain idle in the IEPF. Start your IEPF claim process today with Crystal Peak Wealth, gather the necessary documents, and take the first step toward reclaiming your rightful assets.