The Investor Education and Protection Fund Authority (IEPFA) in partnership with the Securities and Exchange Board of India (SEBI) has successfully organized Niveshak Shivir, an event aimed at helping investors directly address grievances and improve financial literacy.
Niveshak Shivir
- Niveshak Shivir is set up to remove intermediaries and allow direct communication between investors, companies and Registrars and Transfer Agents (RTAs) for resolving issues related to unclaimed dividends and shares. The program also simplifies updating KYC and nomination details, providing a single point of contact for investor questions and claim settlements.
- Niveshak Shivir is part of a nationwide series of outreach programs in cities with high concentrations of unclaimed investments.
- These camps highlight IEPFA’s unwavering commitment to enhancing investor awareness, safeguarding financial interests and ensuring transparency, accessibility and trust in India’s financial ecosystem.
The Investor Education and Protection Fund Authority (IEPFA)
- Come under Ministry of Corporate Affairs.
- It was established in 2016, and it is entrusted with the responsibility of administering the Investor Education Protection Fund (IEPF).
- It is dedicated to safeguarding investor interests by facilitating the return of unclaimed shares and dividends and advancing financial literacy nationwide.
- Through flagship initiatives such as Niveshak Didi, Niveshak Panchayat and Niveshak Shivir, IEPFA empowers individuals to make informed financial choices and fosters a financially aware citizenry
Event Details & Impact
- The initial pilot took place in Pune with over 450 claimants attending and it has since expanded to Hyderabad and other cities
- Companies with many unclaimed dividend accounts established dedicated kiosks at the events to help with immediate claim verification and submission.
- Investors received step-by-step guidance on filling out the IEPF-5 form and learned how to reclaim their stalled investments.
- This initiative empowers claimants, clarifies regulatory procedures and promotes financial literacy among participants. visit here
” Niveshak Shivir is part of a broader series of efforts by IEPFA and SEBI to educate investors and resolve grievances, showing their dedication to a safe and clear investment environment in India. More events are planned in cities with large numbers of unclaimed investments ” for more Economy News link here
