How is IEPFA Promoting Investor Awareness and Protection?
Synopsis
Key Takeaways
- IEPFA is dedicated to investor education and protection.
- The Niveshak Shivir in Bengaluru saw over 900 participants.
- Direct engagement with officials helped resolve grievances efficiently.
- IEPFA promotes a transparent financial ecosystem.
- New guidebook aids in claim resolution and enhances awareness.
Bengaluru, Jan 6 (NationPress) The Investor Education and Protection Fund Authority (IEPFA), operating under the Ministry of Corporate Affairs, is committed to enhancing investor awareness and protection through continuous outreach, education, and strategic partnerships, as announced on Tuesday.
In collaboration with the Securities and Exchange Board of India (SEBI) and Market Infrastructure Institutions (MIIs), IEPFA successfully hosted a "Niveshak Shivir" in Bengaluru.
This event was part of IEPFA’s extensive outreach series, targeting cities with considerable amounts of unclaimed investments.
The one-day camp saw a remarkable turnout from investors across Karnataka, providing them with a single-window solution for grievance redressal, claim facilitation, and investor service assistance.
More than 900 investors and claimants from Bengaluru and surrounding areas attended the camp, which sought to bring investor services closer to the public through direct facilitation and immediate support, as reported by the Authority.
Following successful events in Pune, Hyderabad, Jaipur, and Amritsar, Bengaluru was the next city to host this investor-centric initiative, reinforcing IEPFA’s dedication to establishing a transparent, accessible, and investor-friendly financial ecosystem across India.
The Niveshak Shivir facilitated the direct processing of unclaimed dividends and shares that have been pending for over six to seven years, offered on-the-spot KYC and nomination updates, and addressed outstanding IEPFA claim issues.
According to the Authority, dedicated kiosks were established by stakeholder companies and RTAs, allowing investors to engage directly with officials and bypass intermediaries.
Hundreds of participants gained from direct interactions with company representatives, RTAs, and officials from IEPFA and SEBI. The initiative was widely praised for its effectiveness, transparency, and efficiency in addressing grievances that usually take months to resolve.
Moreover, IEPFA has launched an informative booklet titled “A Complete Guide to IEPFA Claims and Investor Services,” aimed at boosting investor awareness and ensuring seamless claim resolution, stated the ministry.