A Doctor Surprised To See The Ancestral Property Papers; Grandfather Bought Shares Worth Rs 500 In 1994, Now…
Recently, a doctor from Chandigarh was surprised when he was sorting through the documents to manage his family’s property (old investments). He came across a share certificate of State Bank of India (SBI Share Certificate), which was related to his grandfather. He came to know that 30 years ago his grandfather had bought SBI shares worth Rs 500, that investment has now increased 750 times.
Tanmay Motiwala, resident of Chandigarh, is a doctor by profession. Sharing the information through his account on social media platform Perhaps he had forgotten them. After 30 years, now the price of these shares is Rs 3 lakh 75 thousand, which means 750 times the return. We came to know about this from the documents found while collecting the family property at one place.
The power of holding equity 😊
My Grand parents had purchased SBI shares worth 500 Rs in 1994.
They had forgotten about it. Infact they had no idea why they purchased it and if they even hold it.I found some such certificates while consolidating family’s holdings in a… pic.twitter.com/GdO7qAJXXL
— Dr. Tanmay Motiwala (@Least_ordinary) March 28, 2024
According to Dr. Tanmay, it seems like many people are facing this problem. He himself took the help of a consultant, because the process itself was very long and troublesome. Many problems like name, address, signature mismatch are going to arise in encashing them.
