Date: July 9, 2026

Dividend Declaration

  • The Board of Directors recommended a dividend of ₹0.65 per Equity Share (face value Re. 1) for FY ended March 31, 2026, at their meeting held on May 2, 2026.
  • This is subject to approval by shareholders at the 41st Annual General Meeting (AGM) scheduled for Saturday, August 1, 2026.
  • The dividend will be paid to shareholders of record as on Friday, July 17, 2026.

TDS Provisions and Required Actions

SECTION A: For All Shareholders - Updation of Details

All shareholders must ensure the following details are completed/updated in their Demat accounts (or with the RTA for physical shares) by Tuesday, July 21, 2026:

  • Valid and operative Permanent Account Number (PAN)
  • Residential status for FY 2026-27 (Resident or Non-Resident)
  • Category of shareholder (e.g., Mutual Fund, Insurance Co., AIF, Government, FPI/FII, Individual, HUF, Firm, LLP, AOP, BOI, Trust, Domestic Company, Foreign Company)
  • Email Address
  • Residential Address

SECTION B: TDS Rates and Documentation

A. Resident Shareholders
  • TDS will be deducted at 10% (under Section 393(1)) if a valid PAN is provided.
  • TDS will be deducted at 20% (under Section 397) if no PAN is provided.
  • No TDS if aggregate dividend during FY 2026-27 does not exceed ₹10,000 for resident individuals.
  • No TDS if valid Form 121 is provided (for individuals with no tax liability or seniors above 60 with no tax liability).
  • Nil/lower TDS requires submission of self-declarations and supporting documents for:
  • Insurance companies (declaration as per Insurance Act, 1938 + PAN)
  • Mutual Funds (declaration for exemption under IT Act Section 11 + registration docs + PAN)
  • Alternative Investment Funds (AIFs) in India (declaration for exemption + registration docs + PAN)
  • New Pension System Trust (declaration + evidence + PAN)
  • Other shareholders (declaration + evidence + PAN)
  • Shareholders with a valid nil/lower deduction certificate under Section 395 of IT Act
  • If dividend is assessable in another person's hands, a declaration as per Rule 203 must be provided for TDS credit transfer.
B. Non-Resident Shareholders (including FPI/FII)
  • TDS will be withheld at 20% plus applicable surcharge and cess under Section 393(2).
  • To avail beneficial Double Tax Avoidance Agreement (DTAA) rates, non-residents must provide:
  • Self-attested copy of PAN (if any)
  • Self-attested copy of Tax Residency Certificate (TRC)
  • Electronically filed Form 41 on Income Tax e-filing portal
  • Self-declaration of treaty eligibility and beneficial ownership
  • For FPI/FII: Self-attested copy of SEBI registration certificate
  • The Bank is not obligated to apply DTAA rates and will do so only upon satisfactory review of documents.

General Instructions and Deadlines

  • All forms, declarations, and documents must be complete and signed; incomplete submissions will not be considered.
  • Certificates for nil/lower withholding must include the Bank's TAN: MUMK32143G.
  • The Bank will email TDS certificates to shareholders post-payment and TDS return filing.
  • The Bank reserves the right to recover demands arising from incorrect information provided by shareholders.
  • Resident non-individuals (Insurance Cos, Mutual Funds, AIFs) and Non-Resident non-individuals (FPI/FII) may submit documents via their custodian registered on NSDL platform.
  • The absolute deadline for all submissions is Tuesday, July 21, 2026, via portal https://ris.kfintech.com/form15 or email at einward.ris@kfintech.com.
  • No requests for TDS revision will be entertained after this date. Shareholders may claim refunds via income tax returns if eligible.
  • No claims shall lie against the Bank for taxes deducted.