How to Convert Old SBI Share Certificates to Demat and Recover Them from IEPF

To convert an old State Bank of India (SBI) share certificate to demat, open a demat account in exactly the name printed on it, update your KYC with SBI’s registrar, KFin Technologies in Hyderabad, and hand the certificates in through your broker or bank with a Demat Request Form. Every certificate from before November 2014 shows ₹10 shares, and each of those shares is now 10 SBI shares. After the 2014 split SBI replaced those certificates with new ₹1 certificates, and the ₹1 certificates are the ones to demat. If the shares have already moved to the IEPF, you claim them back with Form IEPF-5.

Until 2025 that last step did not exist for SBI. Unclaimed SBI dividends went to the IEPF, but the shares themselves stayed with the bank. A change in the law in August 2025 ended that, and on 6 March 2026 SBI moved its first batch of shareholders’ shares to the IEPF. If your family has an SBI folio that has not cashed a dividend in years, it may be in that batch.

The multiplier is why an old SBI certificate is worth far more than it looks. 100 ₹10 shares on a certificate from the 1990s are 1,000 shares today, about ₹9.65 lakh at the 29 September 2026 price of ₹964.70. SBI paid a dividend of ₹17.35 a share for 2025–26, so those shares earn about ₹17,350 a year. Check what your family holds with Find Your Shares →

Do SBI shares go to the IEPF now?

Yes. Since 1 August 2025, SBI shares whose dividends go unclaimed for seven years in a row move to the IEPF, just like the shares of any other listed company. Before that date they did not, and many families still believe SBI shares are “safe” from the IEPF. That is no longer true.

The reason is that SBI is not an ordinary company. It was created by its own law, the State Bank of India Act, 1955, not under the Companies Act. The Companies Act rule that sends shares to the IEPF never applied to it. SBI’s unclaimed dividends did go to the IEPF after seven years, but the shares stayed on SBI’s register in the holder’s name, however long they were forgotten.

The Banking Laws (Amendment) Act, 2025 changed Section 38A of the SBI Act. It came into force on 1 August 2025. SBI then did what every company does before a transfer:

• It wrote to each affected shareholder at their registered address, in November 2025, December 2025 and January 2026.
• It published notices and set 16 February 2026 as the last date to claim with the registrar.
• It moved the unclaimed shares to the IEPF on 6 March 2026. For shares still on paper, the old certificates were cancelled when the shares moved.

Letters sent to a flat the family left twenty years ago do not reach anyone. So the people most likely to be affected are exactly the ones who never saw the warning. If a parent held SBI shares on paper and nobody has cashed an SBI dividend for years, assume the shares may now be with the IEPF and check. Now that the rule applies, more folios will cross the seven-year line each year.

How many SBI shares does an old certificate represent today?

Every ₹10 share printed on an SBI certificate from before November 2014 is 10 shares today. A ₹1 certificate is worth exactly the number printed. Look at two things on the certificate: the name of the bank and the face value (₹10 or ₹1). Then find the row that matches.

For SBI’s own shares there is only one multiplier: the 2014 split. SBI has never issued bonus shares. So unlike many old companies, an SBI holding has not doubled and redoubled over the years. It has grown only through the split, the rise in the share price, and the dividends.

Merger fractions were paid out in cash, so an odd-sized associate-bank holding can come out a share below the straight ratio. The registrar’s figure for the folio is the final one.

Has SBI ever issued bonus shares? Its full share history

No. SBI has never issued bonus shares. The only change to an old holder’s share count was the 10-for-1 split in November 2014. Here is every event that matters to someone holding old SBI or associate-bank paper, from the bank’s own records and exchange filings:

Other SBI group changes did not touch your SBI shares. State Bank of Patiala and State Bank of Hyderabad also merged into SBI on 1 April 2017, but SBI already owned them fully, so no new shares were issued to anyone.

Do you still need the old ₹10 SBI certificate?

Keep it, but it is not the certificate the registrar will demat. After the November 2014 split, SBI posted new ₹1 certificates to every paper shareholder, and those replaced the ₹10 ones. A family clearing out a cupboard usually finds the old ₹10 certificate. The ₹1 certificates that replaced it are often missing, because they were sent to the last address on SBI’s records.

• You have the ₹1 certificates: use those for demat. They show the full count after the split.
• You only have the ₹10 certificate: write to KFin Technologies (for State Bank of India) with the folio number and the certificate numbers, and ask what happened to the ₹1 certificates. SBI’s own instructions tell shareholders to do exactly this.
• The ₹1 certificates reached the old address and are now lost: this becomes a duplicate-certificate request. What that needs.
• The ₹1 certificates came back undelivered: the registrar may be holding them, or the shares may have gone to the company’s unclaimed securities suspense account. The registrar can tell you which.

Either way, the old ₹10 certificate is useful. It proves the folio, the holder’s name and the certificate numbers, and the registrar uses those to find the holding. Just do not count its shares on top of the ₹1 certificates. How to count several certificates.

What happened to State Bank of Bikaner & Jaipur, Mysore and Travancore shares?

They became SBI shares on 1 April 2017. Holders of State Bank of Bikaner & Jaipur (SBBJ) got 28 SBI shares of ₹1 for every 10 SBBJ shares of ₹10. Holders of State Bank of Mysore (SBM) and State Bank of Travancore (SBT) got 22 SBI shares for every 10. These three were SBI’s listed associate banks, rooted in Rajasthan, Karnataka and Kerala.

The old SBBJ, SBM and SBT certificates were cancelled automatically on 1 April 2017. The government order for each merger says so in plain words. You cannot demat them or sell them. What you own is the SBI shares issued in their place, which SBI sent as new certificates or credited to a demat account.

If the family never received those SBI shares, or never cashed a dividend on them, they have been sitting unclaimed since 2017. That makes them exactly the kind of holding that is now moving to the IEPF. Quote the old folio number and the name of the old bank when you write to the registrar. The 2014 split does not apply to them: it happened before the merger, and the SBI shares they received were already ₹1 shares.

State Bank of Indore merged into SBI earlier, on 26 August 2010. SBI already owned about 98% of it, and the remaining holders got 34 SBI shares of ₹10 for every 100 shares. Those SBI shares were then split in 2014, so 100 State Bank of Indore shares are 340 SBI shares today, about ₹3.28 lakh.

What are 100 old SBI shares worth today?

From about ₹96,470 for a ₹1 certificate to about ₹9.65 lakh for a ₹10 certificate from before November 2014. These figures use the 29 September 2026 price of ₹964.70 a share and the 2025–26 dividend of ₹17.35. Share prices move every day, so treat them as a guide.

A family example

Say a father in Mumbai bought 200 SBI shares of ₹10 each in the 1990s. In November 2014 the split turned them into 2,000 ₹1 shares, and SBI posted the new certificates to the address on its records: a flat the family had left years before. Nobody cashed a dividend, the letters about the IEPF went to the same old flat, and in March 2026 the shares moved to the IEPF.

Today those 2,000 shares are worth about ₹19.29 lakh, and they pay about ₹34,700 a year in dividends. The family found the 1990s certificate and read “200 shares”, which at today’s price looks like about ₹1.93 lakh. The folio really holds 2,000 shares, ten times that.

We found several old SBI certificates. How do we count them?

If you have the ₹1 certificates from 2014, just add up the shares printed on them. Use the multiplier only when the old ₹10 certificate is all you have. A family that held SBI since the 1990s may find two sets: the original ₹10 certificate and the ₹1 certificates that replaced it.

• Only the ₹10 certificate survives: multiply by 10. That gives the whole folio, because the split shares belong to it whether or not their certificates can be found.
• You have the ₹1 certificates: add up the shares on those. Do not count the ₹10 certificate again.
• Two common mistakes. Adding both sets gives 2,200 shares. Multiplying both gives 22,000. The right answer is 2,000, and a claim for shares that do not exist will be sent back.
• Associate-bank certificates are separate. An SBBJ, SBM or SBT folio is a different holding from an SBI folio, even for the same person. Count each one with its own ratio and add them.

The registrar can confirm the total for each folio.

Which papers are not SBI shares?

Many things carry the SBI name, and they turn up together in old files. Check each one before you count it:

• Imperial Bank of India certificates. When SBI was created in 1955, the Imperial Bank’s shares were taken over by the Reserve Bank of India and the shareholders were paid cash under the SBI Act. These certificates are historic documents, not SBI shares.
• SBI Life Insurance and SBI Cards shares. These are separate listed companies with their own shares, registrars and IEPF lists. They are not part of an SBI folio.
• SBI Mutual Fund units. These are fund units, not shares. Unclaimed amounts are claimed from SBI Mutual Fund, not through the IEPF share process.
• SBI bonds. Unclaimed bond interest and redemption money can also end up with the IEPF, and SBI’s investor website explains how to claim it. But a bond is a loan to the bank, not a share.
• SBI fixed deposit receipts and old passbooks. Money in a bank account that has been untouched for ten years goes to the Reserve Bank of India’s Depositor Education and Awareness Fund, not the IEPF. You can search for it on the RBI’s UDGAM portal and claim it through SBI.

How do you check and claim an unclaimed SBI dividend?

Search SBI’s investor relations website by folio number or demat ID, then claim from KFin Technologies for any dividend from 2020–21 onwards. Dividends up to 2016–17 have already gone to the IEPF. SBI declared no dividend at all for 2017–18, 2018–19 and 2019–20, so there is nothing to find for those years.

Those six dividends add up to ₹69.35 a share. On a folio of 1,000 shares, which is what 100 old ₹10 shares became, that is ₹69,350 that may be waiting with SBI. On the 2,000-share folio in the family example it is ₹138,700.

How to claim

Write to KFin Technologies (for State Bank of India) with the folio number, the dividends you did not receive, a cancelled cheque, and self-attested copies of your PAN card and an address proof. Paper folios must also send the ISR forms that update their KYC. For shares already in demat, send your client master list instead.

Complete the folio’s KYC first. A paper folio is paid its dividend only electronically, and only if its KYC (PAN, bank account, contact details and signature) is complete. Without it the dividend is simply held back, and seven years of held-back dividends now sends SBI shares to the IEPF.

If the shares have already moved to the IEPF, some of the folio’s dividends may still be with SBI and others with the IEPF. The entitlement letter from the registrar sets out which is where. How to recover a dividend from the IEPF.

How do you convert old SBI share certificates to demat?

Open a demat account in exactly the name on the certificate, update the folio’s KYC with KFin Technologies, then hand in the ₹1 certificates with a Demat Request Form through your broker or bank. If you only have ₹10 certificates, ask the registrar about the ₹1 certificates first.

1. Open a demat account in the same name, or the same names in the same order for a joint holding.
2. Update KYC on the folio with Form ISR-1 (PAN, bank, contact details), and Form ISR-2 if your signature has changed. How to fix a signature mismatch.
3. Write “Surrendered for Dematerialisation” on each certificate and sign it as it was signed on the register.
4. Hand in the certificates with a Demat Request Form through your broker or bank. Put every certificate from the same folio on one form.
5. The registrar checks the signature, the folio and the distinctive numbers against the register, and the shares arrive in your demat account, usually within a few weeks if the papers are in order.

Since April 2019, paper shares cannot be sold or transferred until they are in demat. There is no deadline to demat shares already registered in your own name. But with SBI shares now able to go to the IEPF, leaving them on paper carries a real cost. The rules on physical shares in 2026.

How do you check if your SBI shares have gone to the IEPF?

If no SBI dividend on the folio has been cashed for seven years in a row, the shares may have moved to the IEPF on 6 March 2026, or may move in a later batch. Check in three places:

• SBI’s investor relations website has a search by folio number or demat ID for unpaid and unclaimed dividends.
• The IEPF Authority’s search at iepfa.gov.in covers dividends and shares that have already moved. Search for “State Bank of India” and the holder’s name. How to search the IEPF step by step.
• KFin Technologies can confirm the status of a folio once you give the folio number and the holder’s details.

Search every old spelling of the holder’s name, and the joint holders’ names too. Expect more than one entry if the family held both SBI and associate-bank shares, or shares in different names. If you find nothing anywhere, the shares are probably still on SBI’s register in the holder’s name, waiting to be dematted.

How do you recover SBI shares from the IEPF?

Get an entitlement letter from KFin Technologies, file Form IEPF-5 online on the Ministry of Corporate Affairs website, then send the signed papers to SBI’s IEPF nodal officer in Mumbai for verification. SBI checks the claim and sends a verification report to the IEPF Authority, which credits the shares back to your demat account and refunds the dividends.

1. Open a demat account in the claimant’s name. For a joint folio, the same names in the same order.
2. Complete KYC with the registrar and ask for an entitlement letter. It states how many shares and how much dividend on your folio went to the IEPF. Since October 2025 the entitlement letter is a mandatory part of every IEPF-5 claim.
3. File Form IEPF-5 on the MCA portal and note the SRN, your claim number. How to file IEPF-5 online.
4. Send the physical documents to SBI’s nodal officer, in the Shares & Bonds Department in Mumbai: the signed IEPF-5 printout and acknowledgement, an indemnity bond on stamp paper, an advance stamped receipt, PAN, Aadhaar, a cancelled cheque, your client master list, the entitlement letter, and the original certificates if you have them.
5. SBI verifies and reports to the IEPF Authority. The rules give the company 15 days for its report and the Authority 60 days to decide: 75 days on paper. Real claims usually take much longer, because papers go back and forth. What to do when an IEPF claim is stuck.

Claim the whole folio, not the number on the paper. Claim only the 200 printed on a 1990s certificate and you leave 1,800 shares in the queue. The entitlement letter is based on SBI’s register, so it gives the full count after the split.

What if the SBI share certificates are lost?

If the shares are still with SBI, apply to KFin Technologies for duplicate shares with Form ISR-4. If they have gone to the IEPF, you claim them with IEPF-5 instead and do not need a duplicate. When paper shares move to the IEPF, the old certificates are cancelled automatically.

For duplicates, what you need depends on what the lost shares are worth today. SEBI simplified these rules in December 2025:

• Up to ₹10,000: a simple undertaking on plain paper.
• ₹10,000 to ₹10 lakh: one standard affidavit-cum-indemnity bond.
• Above ₹10 lakh: the affidavit-cum-indemnity bond, plus a police report (FIR, e-FIR or police complaint) that mentions the folio and certificate numbers, plus a notice of the loss in a widely read newspaper.

With SBI, the ₹10 lakh line sits at about 1,036 of today’s shares. ₹10,000 covers only 10. A single old ₹10 share is 10 shares today, about ₹9,647. A lost certificate for 104 of those ₹10 shares is 1,040 shares today, about ₹10.03 lakh, so it already needs the police report and the newspaper notice.

Open the demat account before you apply. Since 2 April 2026 the registrar credits duplicate shares straight into demat. There is no longer a “Letter of Confirmation” to carry to your broker. SEBI expects about 30 days for a complete, correct application.

Don’t know the folio number? Old dividend warrants, bank passbooks showing SBI dividend credits, the 2014 split letter, or any letter from SBI can give it. The full process is in our guide to reporting a lost share certificate.

What if the name or spelling on the certificate does not match?

Fix the name on the folio first, before you demat or file an IEPF claim, using Form ISR-1 and a document that proves both spellings belong to you. The registrar, the demat account and the IEPF claim must all show the same name. One mismatch and the papers come back.

• Initials on the certificate, full name on the PAN card: “K. S. Menon” against “Krishnan Sankaran Menon”. Common with South Indian names, so watch for it on State Bank of Travancore and State Bank of Mysore certificates.
• A woman’s maiden name on the certificate and her married name on everything else.
• Titles and suffixes like “Smt.”, “Dr.” or “HUF” in one place and not the other.

The usual proof is a passport, a marriage certificate, a gazette notification, or a notarised affidavit that both names are the same person. Send it to KFin Technologies with Form ISR-1, and correct every certificate on the folio at the same time.

What if the SBI shareholder has died?

The shares pass to the nominee or legal heirs through transmission, handled by KFin Technologies, and they are always credited in demat. If the shares have also gone to the IEPF, transmission and the IEPF claim happen together, and the heir files the IEPF-5. If one joint holder has died, the survivors only need the name deleted with a copy of the death certificate.

SEBI’s new transmission rules have applied since 22 August 2026:

• Simplified documents for physical shares worth up to ₹10 lakh per listed company, doubled from ₹5 lakh.
• Quick processing for physical holdings up to ₹10,000 where the claimant is a parent, spouse, child or parent-in-law. With SBI that is at most 10 of today’s shares.
• No blanket requirement for probate, and one combined affidavit-cum-NOC in place of separate papers. You still have to prove your entitlement if other heirs dispute it.
• 21 days for the registrar to process once all documents are in.

The ₹10 lakh limit is counted on today’s value of the whole folio, not on the number printed on the certificate. With SBI that is about 1,036 shares, or 103 old ₹10 shares. Above it you usually need a succession certificate or legal heir certificate, unless there is a nominee or the other heirs give no-objection. Read more in our guides to transmission of shares and transmission without a succession certificate.

Bought SBI shares on paper but never got them transferred?

You can use SEBI’s special window, open until 4 February 2027, if the shares were bought before 1 April 2019 and you still have the original certificate. It is for people who bought shares from someone else, signed a transfer deed, and never became the registered holder. It applies to listed companies, SBI included.

• It covers transfers never lodged, and transfers lodged before but rejected or returned.
• It does not cover disputed cases, or shares already moved to the IEPF.
• The shares are credited in demat only, and they are locked in for one year from the date the transfer is registered.

If the deed was signed before November 2014, the ₹1 split certificates went to the seller, who was still the registered holder. Ask the registrar exactly which shares your certificate covers before you lodge it. The full rules of the window.

Why not just hand the certificates to a local lawyer or agent?

Because with SBI the number printed on the certificate is usually the wrong number, the certificate itself may have been replaced, and the shares may already be with the IEPF. Every document you need depends on getting those three right.

Take the family with the father’s 1990s certificate for 200 shares. A generalist reads “200 shares”, values them at today’s price, gets about ₹1.93 lakh, and prepares the simple papers for a holding under ₹10 lakh. But the folio really holds 2,000 shares, about ₹19.29 lakh, after the split. That is far over the ₹10 lakh line, where a duplicate needs a police report and a newspaper notice and a transmission usually needs a succession certificate. The generalist also asks to demat a ₹10 certificate that SBI replaced in 2014, and misses that the shares moved to the IEPF in March 2026. The papers come back, and the family starts again months later.

We work the other way round. We trace the complete holding first: the original shares, the split, any associate-bank shares, every folio, every dividend, every IEPF transfer. Then a vetted local partner handles the paperwork where you live (affidavits, police report, newspaper notice, succession papers) on the full holding, the first time.

There is also the question of who is paid for what. A lawyer or agent is paid whether or not your shares ever arrive. We are not. Zero advance — you pay only once the shares are credited to your demat account. So we only get paid if the whole chain works.

SBI’s share department and its IEPF nodal officer are in Mumbai, and its registrar is in Hyderabad. Our local partners work in both cities. Share recovery in Mumbai · Share recovery in Hyderabad. But the IEPF claim itself is decided in Delhi, where the IEPF Authority sits. Our team is in Delhi, so we can follow your file up in person, not by letter from another city. Share recovery in Delhi. For an IEPF claim, what matters is who is closest to the office that holds your file.

The document is only the start. After it come the KYC, the entitlement letter, the verification, the demat credit, and a transmission if the holder has died. Anyone can get you a piece of paper. We get you the shares. See how our IEPF claim service works.

Dates you should know about

6 March 2026 is when SBI moved its first batch of shares to the IEPF. The last date to claim before that transfer was 16 February 2026. More folios cross the seven-year line each year.

1 August 2025 is when the Banking Laws (Amendment) Act, 2025 came into force and SBI shares became liable to move to the IEPF.

21 November 2014 is the record date for the split, when each ₹10 SBI share became ten ₹1 shares. SBI has never issued bonus shares.

1 April 2017 is when SBBJ, State Bank of Mysore and State Bank of Travancore became part of SBI, and their share certificates were cancelled. 26 August 2010 is the date for State Bank of Indore.

16 May 2026 is the record date for the 2025–26 dividend of ₹17.35 a share. 4 February 2027 is when SEBI’s special window for old physical transfers closes.

Holding other old certificates too? See what happened to HDFC and HDFC Bank shares, Reliance shares, ITC shares and Tata Steel shares.

Not sure how many SBI shares your family’s certificates add up to, or whether they have gone to the IEPF? Start with Find Your Shares →

Frequently Asked Questions

Do SBI shares go to the IEPF?
Yes, since 1 August 2025. The Banking Laws (Amendment) Act, 2025 changed the State Bank of India Act so that SBI shares whose dividends go unclaimed for seven consecutive years move to the IEPF. Before that, only unclaimed SBI dividends went to the IEPF. SBI moved its first batch of shares on 6 March 2026, after a claim deadline of 16 February 2026.

Has SBI ever issued bonus shares?
No. SBI has never issued bonus shares. The only change to an old holder’s share count was the 10-for-1 split in November 2014, when each ₹10 share became ten ₹1 shares (record date 21 November 2014).

How many SBI shares do 100 old shares become today?
100 ₹10 SBI shares on a certificate from before November 2014 are 1,000 shares today, about ₹9.65 lakh at the 29 September 2026 price of ₹964.70. 100 State Bank of Bikaner & Jaipur shares are 280 SBI shares. 100 State Bank of Mysore or State Bank of Travancore shares are 220.

Is my old ₹10 SBI share certificate still valid?
It still proves the holding, but it is not the certificate to demat. After the November 2014 split, SBI posted new ₹1 certificates to every paper shareholder’s last known address, and those replaced the ₹10 ones. If you only have the ₹10 certificate, write to KFin Technologies with the folio number and certificate numbers and ask what happened to the ₹1 certificates.

What happened to State Bank of Bikaner & Jaipur, State Bank of Mysore and State Bank of Travancore shares?
They merged into SBI on 1 April 2017. Holders got 28 SBI shares of ₹1 for every 10 State Bank of Bikaner & Jaipur shares of ₹10, and 22 SBI shares for every 10 State Bank of Mysore or State Bank of Travancore shares. The old certificates were cancelled automatically; the SBI shares issued in their place are what the holder owns.

Who is the registrar (RTA) for SBI shares?
KFin Technologies Limited, in Hyderabad. It handles demat requests, KYC updates, unclaimed dividends, duplicate certificates, transmission and IEPF entitlement letters for State Bank of India. SBI’s own IEPF nodal officer sits in its Shares & Bonds Department in Mumbai.

How do I claim an unclaimed SBI dividend?
Dividends from 2020–21 onwards are claimed from KFin Technologies with a request letter quoting the folio, a cancelled cheque, and self-attested PAN and address proof, plus the ISR forms to update KYC for a paper folio. Dividends up to 2016–17 have already gone to the IEPF and are claimed with Form IEPF-5. SBI declared no dividend for 2017–18, 2018–19 or 2019–20.

How do I claim SBI shares from the IEPF?
Open a demat account, complete KYC with KFin Technologies and get an entitlement letter. Then file Form IEPF-5 on the Ministry of Corporate Affairs website and send the signed form, an indemnity bond, an advance receipt, your ID, a cancelled cheque, your client master list and the entitlement letter to SBI’s IEPF nodal officer in Mumbai. SBI verifies the claim and reports to the IEPF Authority, which credits the shares to your demat account.

Is an Imperial Bank of India share certificate worth anything today?
Not as SBI shares. When the State Bank of India was created on 1 July 1955, the Imperial Bank’s shares were taken over by the Reserve Bank of India and the shareholders were paid cash under the State Bank of India Act, 1955. The certificates did not become SBI shares.

I have lost my SBI share certificate. What do I do?
If the shares are still with SBI, open a demat account, then apply to KFin Technologies for duplicate shares with Form ISR-4. Up to ₹10 lakh, about 1,036 SBI shares at today’s price, you need a standard affidavit-cum-indemnity bond. Above that you also need a police report and a newspaper notice. Because each old ₹10 share is 10 shares today, a lost certificate for 104 old shares is already above ₹10 lakh. If the shares have gone to the IEPF, you claim them with Form IEPF-5 instead.

What if the SBI shareholder has died?
The shares pass to the nominee or legal heirs by transmission through KFin Technologies, and are credited in demat. Simplified documents apply to physical shares worth up to ₹10 lakh per company, which with SBI is about 1,036 shares, or 103 old ₹10 shares. Above that, heirs usually need a succession certificate or legal heir certificate unless there is a nominee or the other heirs give no-objection.

Are SBI Life, SBI Cards or SBI Mutual Fund part of an SBI shareholding?
No. SBI Life Insurance and SBI Cards are separate listed companies with their own shares and registrars. SBI Mutual Fund units are fund units, not shares, and are claimed from the fund. An SBI share certificate does not include any of them.

How do I check unclaimed money in SBI bank accounts?
Deposits untouched for ten years go to the Reserve Bank of India’s Depositor Education and Awareness Fund, not the IEPF. Search for them on the RBI’s UDGAM portal and claim them through SBI. Unclaimed SBI share dividends and shares are a separate matter, handled by the registrar and the IEPF.

Do I have to pay SharesRecover anything upfront?
No. Zero advance — you pay only once the shares are credited to your demat account.