Dividend Declaration Details

  • Board of Directors recommended final dividend of ₹12 per equity share (600%) of face value ₹2 each for financial year ended March 31, 2026
  • Board meeting date: April 18, 2026
  • Subject to approval at 32nd Annual General Meeting scheduled for August 21, 2026
  • Record date: Close of business on August 3, 2026
  • Payment will be made to shareholders whose names appear in Register of Members (physical shares) or beneficial owners as per depository details (demat shares) as of record date

Tax Deduction at Source (TDS) Framework

Resident Shareholders

  • Standard TDS rate: 10% on dividend amount
  • Higher rate of 20% applicable if valid PAN not provided or PAN-Aadhaar not linked
  • No TDS if dividend payable to resident individual shareholder does not exceed ₹10,000 per year
  • No TDS if shareholder provides duly filled and signed Form 121 (formerly Form 15G/15H) for tax year 2026-27 with valid PAN and meets eligibility conditions

Special Categories for Nil/Lower TDS

Specific documentation requirements for:

  • Insurance Companies: Nil TDS upon providing declaration format (Annexure 1), registration certificate with IRDAI, and PAN
  • Corporations established by Central Act and Mutual Funds: Nil TDS upon providing declaration, registration documents, and PAN
  • Category I & II Alternative Investment Funds (AIF): Nil TDS upon providing declaration, SEBI AIF registration certificate, and PAN
  • Shareholders exempted from TDS provisions: Nil rate upon providing declaration and documentary evidence supporting exemption status
  • All Resident Shareholders: Rate specified in lower or nil deduction certificate under Section 395(1) of Income-tax Act

Non-Resident Shareholders

  • ADR Depositaries: 10% TDS under Section 393(2)[Table: S.No.13]
  • FII/FPI: 20% TDS or tax treaty rate (whichever lower) under Section 393(2)[Table: S.No.15]
  • Other Non-residents: 20% TDS or tax treaty rate (whichever lower) under Section 393(2)[Table: S.No.17]
  • Lower/Nil withholding possible with certificate under Section 395 of Income-tax Act

Documents Required for Non-Residents Claiming Treaty Benefits

  • Self-attested copy of PAN card or self-declaration if not allotted
  • Self-attested copy of Tax Residency Certificate (TRC) for tax year 2026-27
  • Self declaration in online filed Form 41 (formerly Form 10F) for tax year 2026-27
  • Self declaration (Annexure 2) regarding eligibility, no permanent establishment in India, and beneficial ownership of dividend income

General Instructions and Deadlines

  • TAN of ICICI Bank Limited: MUMI16212A (to be mentioned in lower deduction certificates)
  • All TDS rates subject to applicable surcharge and cess
  • Shareholders must update details (tax residential status, PAN, bank account, contact information) with depository participants (demat) or KFin Technologies (physical)
  • Deadline for document submission: August 3, 2026 (6:00 PM IST) via https://ris.kfintech.com/form15/forms.aspx?q=0
  • Dividend payment will be made only through electronic mode as mandated by SEBI
  • No communications on tax determination/deduction entertained after deadline
  • Bank reserves right to call for additional information and apply domestic law/tax treaty provisions

Disclaimer

This communication is not exhaustive and does not purport to be complete analysis of all potential tax consequences. Shareholders should consult their tax advisors. No claim shall lie against the Bank for taxes deducted.