Dividend Details

The Board of Directors at its meeting held on May 07, 2026 recommended a final dividend of Rs. 1.50 per Equity Share of face value Rs. 10/- each (15% of face value) for the Financial Year ended March 31, 2026. This is subject to approval by shareholders at the ensuing 18th Annual General Meeting to be held on Thursday, August 06, 2026.

Record Date and Payment Timeline

The Record Date fixed for determining entitlement to dividend is Friday, July 17, 2026. If declared by shareholders, the dividend shall be paid within 30 days from the date of approval/declaration, i.e., on or before September 05, 2026.

Tax Deduction Requirements

Pursuant to Income Tax Act, 2025 (as amended by Finance Act, 2026) and Rules framed thereunder, dividend income is taxable in the hands of members, requiring the Bank to deduct tax at source (TDS) at applicable rates.

TDS Procedures for Different Shareholder Categories

For All Shareholders

Shareholders must ensure PAN, residential status, category details, email ID, and address are updated with their Depository Participants or RTA by July 17, 2026.

Resident Shareholders

  • TDS at 10% where valid PAN is registered
  • TDS at 20% if no PAN, invalid PAN, or PAN not linked with Aadhaar
  • No TDS for resident individuals if total dividend during TY 2026-27 does not exceed Rs. 10,000
  • Resident individuals may submit Form 121 for nil TDS deduction
  • Specific exemptions for Insurance Companies, Mutual Funds, AIFs, NPS Trust, Recognized Provident Funds, Approved Superannuation Funds, Approved Gratuity Funds, and National Pension Scheme with required documentation
  • Government (Central/State) entities exempt from TDS
  • Lower/Nil withholding certificates under Section 395(1) accepted

Non-Resident Shareholders

  • TDS at 20% plus applicable surcharge and cess under domestic tax law
  • Different rates for GDRs and FII/FPIs as per Section 393(2)
  • Option to claim DTAA benefits by submitting: PAN copy, TRC for TY 2026-27, TIN copy, electronically filled Form 41, treaty eligibility declaration, no-PE declaration, and for FII/FPI - SEBI registration certificate
  • Lower/Nil withholding certificates under Section 395(1) accepted

Document Submission Deadline

All tax-related documents must be submitted on or before Friday, July 17, 2026. No communications will be entertained after this date.

Additional Provisions

  • TDS at higher rate (20%) if Aadhaar not linked with PAN as per Section 262
  • Declaration under Rule 203 required if dividend income assessable in hands of person other than registered shareholder
  • For multiple accounts under different status/category with single PAN, higher tax rate applicable to entire holding
  • All tax rates subject to enhancement by surcharge and cess where applicable

Submission Channels

  • Dematerialized shareholders: Upload documents at https://ris.kfintech.com/clientservices/investors/taxforms.aspx
  • Physical shareholders: Send documents to KFin Technologies Limited at einward.ris@kfintech.com

Disclaimer

The communication sets out provisions of law in summary manner only and does not purport to be complete analysis. Shareholders should consult their own tax advisors. The Bank is not obligated to apply beneficial DTAA rates and may reject incomplete/unsigned forms.