Unclaimed Redemption / IDCW
Unclaimed Redemptions or Unclaimed IDCW are those amounts that are processed and warrant released but have not been encashed by the investor within 3 Months or where the amount is not credited to unitholders account due to invalid bank account details.
SEBI vide its circular SEBI / HO / IMD / DF2 / CIR / P / 2016 / 37 dated 25th Feb 2016, provides detailed guidelines for the treatment of unclaimed redemption and IDCW amounts. SEBI has advised Asset Management Companies (AMCs) to provide on their website the list of investors in whose folios there are unclaimed IDCW/redemption amounts. Investors by providing certain information on the website for validation can check whether any amount is unclaimed.
Procedure to claim Unclaimed Redemption/ IDCW:
Unitholders can submit their claim request vide submission of the duly completed 'Unclaimed Amount Form' at any of the offices of Helios Capital Asset Management Pvt Ltd or at any of the CAMS Service Centre. The form needs to be duly signed as per the mode of holding. In case of updation of bank details, the following documents need to be submitted with the duly signed form.
- Cancelled Original Cheque leaf with name & account pre-printed (OR)
- Bank statement with current entries and not older than 3 months (OR)
- Photo copy of Bank Passbook with current entries and not older than 3 months (OR)
- Letter issued by the bank on the letterhead, duly signed and stamped by the Branch Manager / Authorised Personnel.