Unclaimed Dividend

Unclaimed Dividend

View the related notices, regulations and treatment of Unclaimed Dividend

The dividend declared by the Bank at its Annual General Meeting is required to be paid within 30 days from the date of declaration of dividend. As per Section 124 and 125 of the Companies Act, 2013 (the ‘Act’) read with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 (‘IEPF Rules’), where a dividend has been declared by Bank but not been paid or claimed within 30 days from the date of declaration to any shareholder entitled to the payment of such dividend, the Bank shall, within 7 days from the date of expiry of the said period of 30 days, transfer the total unclaimed amount of dividend to a special account to be called the “Unpaid Dividend Account”.

A. Details of unclaimed dividend declared by erstwhile GRUH Finance as on December 31, 2021 (merged with the Bank w.e.f October 17, 2019)

Financial Year Unclaimed Dividend
(Amount in Rs)
Date of Declaration of Dividend Last Date for claiming Dividend
2014-2015 31,04,506.00 June 26, 2015 July 27, 2022
(Due for transfer to IEPF)
2015-2016 31,24,851.30 June 22, 2016 July 21, 2023
2016-2017 42,37,300.00 June 15, 2017 July 13, 2024
2017-2018 33,62,814.00 May 30, 2018 June 27, 2025
2018-2019 44,49,230.00 July 19, 2019 August, 20, 2026

B. Details of unclaimed dividend declared by the Bank as on December 31, 2021

Financial Year Unclaimed Dividend
(Amount in Rs)
Date of Declaration of Dividend Last Date for claiming Dividend
2017-2018 1,23,200.00 July 19, 2018 August 19, 2025
2018-2019 3,05,487.00 June 28, 2019 July 29, 2026
2019-2020 Nil NA NA
2020-2021 15,66,658.00 August 06, 2021 September 06, 2021

C. Details of unclaimed dividend transferred to IEPF during FY 2021-22:

Financial Year Amount of unclaimed Dividend
Transferred (in Rupees)
Date of Transfer
2013-2014 21,40,701.00 July 15, 2021

In case you have an unclaimed dividend amount lying with the unpaid dividend account of Bandhan Bank Ltd, then you are requested to claim the same before such amount is transferred to the Investor Education and Protection Fund (‘IEPF’).

Do you want to proceed to view the year-wise details of your unclaimed dividend amount?

Yes    No

As per the provisions of Section 124(6) of the Companies Act, 2013 and the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 (IEPF Rules), all shares in respect of which dividend has not been paid or claimed for 7 consecutive years or more, shall be transferred by the Bank to IEPF.

Therefore, shares on which dividend was not claimed by the shareholder for 7 consecutive years or more has already been transferred to IEPF up to the FY 2013-14. Once the shares are already transferred to IEPF, all the future benefits accruing to such shares including dividend shall be transferred to the IEPF. However, in order to claim such dividend or shares, as the case may be, the concerned shareholder generate a request to IEPF Authority:

  1. By making an application in web based Form IEPF – 5 available at http://iepf.gov.in/IEPF/corporates.html along with applicable fees; and
  2. Sending the physical copy of such filed application duly signed by all the joint holders {as per registered specimen signature(s)} along with all the relevant documents enumerated in the aforesaid web based Form IEPF – 5 to the Bank at its registered office or to KFin for verification of claim;
  3. Shareholders may scan the whole set of documents and send the same to the Bank at investors@bandhanbank.com to enable quick processing.

Post submission of the hard copies of claim along with the relevant documents to the Bank/ KFin, the Bank would submit the e-verification report to IEPF Authority within the stipulated timelines. The IEPF Authority shall verify the documents as submitted by such shareholder and decide to credit the unclaimed dividend/shares, as the case may be, in the DEMAT account of such.

For more information, shareholders are requested to refer the link mentioned below:

FAQ's on IEPF

Name of the Nodal Officer Mr. Indranil Banerjee
Designation Company Secretary
Email Id companysecretary@bandhanbank.com
Contact Number +91 33 6609 0909

 

Bandhan Bank Limited
Secretarial Department
Floors 12-14, Adventz Infinity@5
BN 5, Sector V, Salt Lake,
Kolkata – 700 091
Tel.: 033-66090909
E-mail: investors@bandhanbank.com
Website: www.bandhanbank.com

 

KFin Technologies Private Limited
(Unit.: Bandhan Bank Limited)
Selenium Tower B, Plot 31&32, Financial District,
Nanakramguda, Serilingampally Mandal
Hyderabad 500032, Telangana.
Tel.: 1800-309-4001
E-mail: einward.ris@kfintech.com