X

We are upgrading our transaction portal and will be back soon.

What is an unclaimed redemption or dividend?

Unclaimed redemption or dividend are amounts that are paid/released by the company but are not credited to the bank account of the investor.

The main reasons for such scenarios are:

  • The bank account details registered in the folio of the investor are not valid / complete due to which Mutual Fund is unable to credit the amounts electronically (NEFT/RTGS) in the registered bank account of the investor
  • The warrants printed and dispatched by the Mutual Fund are not encashed by the investor in .designated time period post which the warrant is expired and cannot be encashed.
  • The investor has shifted their residence resulting in the warrant being returned undelivered back to the Mutual Fund

How to check whether Investor has any unclaimed amount and what is the process to claim such amount?

  • Investor can visit < insert unclaimed page link here > to check whether any unclaimed amount is held under their folio.
  • In case an outdated/mutilated demand draft (DD) is available, then investor can send the request for change of bank mandate (to update the registered bank account in the folio), the original outdated/mutilated DD same and a request letter for updating bank and releasing the unclaimed amount to the newly updated bank account to our branch/official transaction points (View list of branches or transaction points (#) ). After due verification by AMC/RTA, the unclaimed amounts will be released to the investors updated bank account registered in the folio.
  • In case demand draft is not available investor has to also provide an indemnity bond (if RTA is unable to verify the identity or signature mismatch with the records) along with the other above mentioned documents to our branch/official transaction points (View list of branches or transaction points).

Documents required for Change of Bank Mandate:

  • Cancelled original cheque of the new bank & old bank mandate with first unit holder name & bank account number preprinted on the face of the Cheque (OR)
  • Self attested copy of bank statement (OR)
  • Bank pass book page with account number, account holder's name and address with current entries not older than 3 month (OR)
  • Bank letter duly signed by branch manager/ authorized personnel (Bank letter should be on its letterhead certifying that the unit holder maintains/ maintained an account with the bank), the bank account information like PAN, bank account number, bank branch, account type, the MICR code of the branch & IFSC code

Please note that our RTA/AMC reserves the right to ask for any additional information/documents as deemed necessary to substantiate/validate the investor’s details and/or genuineness of request for release of unpaid dividend/redemption proceeds.

List of branches to submit Claim Form (https://www.barodabnpparibasmf.in/contact-us)

Ascertain your unclaimed amount (s)
(redemption / dividend) with us

Check for Unclaimed Redemption/Dividends

About Us

Investors Centre

Our Funds

Learn and Invest

Contact Us

Amalgamation

Archive

Mandatory Disclosures

Download Our App

Connect With Us

Mutual Fund Investments are subject to market risks, read all scheme related documents carefully. Read all Disclaimers

© Copyright Baroda BNP Paribas Mutual Fund