Grandson finds his family’s forgotten SBI shares worth lakhs of rupees

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An elderly couple had purchased shares of the State Bank of India (SBI) worth ₹500 back in 1994. However, as the years went by, they completely forgot about their investment. It wasn’t until their grandson took on the task of organizing the family’s assets that the forgotten shares came to light.

As he sifted through old documents, the grandson stumbled upon the share certificates from SBI. To his surprise, he discovered that these once-forgotten shares had skyrocketed in value and were now worth lakhs of rupees. Overwhelmed with excitement, the grandson decided to share this incredible revelation on a popular social media platform known as “X.”

“My grandparents had purchased SBI shares worth ₹500 in 1994. They had completely forgotten about it. In fact, they didn’t even remember why they bought them or if they still had them,” Dr. Tanmay Motiwala wrote.

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Motiwala went on to explain that during the process of consolidating the family’s holdings, he stumbled upon these valuable certificates. Realizing their worth, he promptly sent them for conversion into a dematerialized (Demat) form, a necessary step to access the modern stock market.

As his post continued to gain traction, many people were curious about the current valuation of SBI shares. Motiwala happily shared that the shares were currently valued at around ₹3.75 lakhs, excluding dividends. While he acknowledged that it may not be a massive amount, he emphasized the potential growth over time. In 30 years, these shares could potentially multiply by 750 times, making it a truly significant investment.

Motiwala also took the opportunity to shed light on the process of converting physical share certificates into the dematerialized form. He advised seeking the assistance of a knowledgeable advisor or consultant due to the complexities involved. From potential spelling errors to address discrepancies and signature mismatches, the process could be quite arduous. However, with the help of an advisor, he was able to successfully convert the majority of his family’s certificates.

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This heartwarming story serves as a reminder of the hidden treasures that may lie within our forgotten possessions. It also highlights the importance of staying informed about one’s investments and seeking professional advice when needed. Who knows, perhaps there are more hidden gems waiting to be discovered in the depths of our personal archives.

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2 COMMENTS

  1. It also highlights the importance of staying informed about one’s investments and seeking professional advice when needed. Who knows, perhaps there are more hidden gems waiting to be discovered in the depths of our personal archives.

    Quite right
    once a papers collecting was announcing to buy unused note books and papers, etc. An educated person asked to रेडी वाला and गव some unused papers, meanwhile the person who was selling that a LIC policy was in रेडी and date of naturity on.policy printed but policy still not paid, he requested to hawker that tell him the location of the house wherefrom you purchased, the hawker told the lication.
    The person immediately moved and reached the exact home. The person found that the life insured person already expired behind leaving two minor children and his wife, who was illiterate.
    The person introduced himdelf and asked him the facts about her husband. The person delivered the policy and requested her to reach at this location of LIC officr, the widow lady followed the faith in unknown one and the person completed all formalities and the widow got funds in her account.
    The widow gave the person countless blessings.

    “हर दुआ अर्श पे जाती है असर लाने को”

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