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, 2022 (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 |
| 2015-2016 | 31,03,288.80 | June 22, 2016 | July 21, 2023 |
| 2016-2017 | 41,87,250.00 | June 15, 2017 | July 13, 2024 |
| 2017-2018 | 33,33,939.00 | May 30, 2018 | June 27, 2025 |
| 2018-2019 | 43,89,748.00 | July 19, 2019 | August 20, 2026 |
B. Details of unclaimed dividend declared by the Bank as on December 31, 2022
| Financial Year | Unclaimed Dividend (Amount in Rs) |
Date of Declaration of Dividend | Last Date for claiming Dividend |
| 2017-2018 | 1,22,868.00 | July 19, 2018 | August 19, 2025 |
| 2018-2019 | 2,91,783.00 | June 28, 2019 | July 29, 2026 |
| 2019-2020 | Nil | NA | NA |
| 2020-2021 | 15,11,340.00 | August 06, 2021 | September 06, 2028 |
C. Details of unclaimed dividend transferred to IEPF during FY 2019-20:
| Financial Year | Amount of unclaimed Dividend Transferred (in Rupees) |
Date of Transfer |
| 2012-2013 | 18,14,248.00 | August 17, 2020 |
D. Details of unclaimed dividend transferred to IEPF during FY 2020-21:
| Financial Year | Amount of unclaimed Dividend Transferred (in Rupees) |
Date of Transfer |
| 2013-2014 | 21,40,701.00 | July 15, 2021 |
E. Details of unclaimed dividend transferred to IEPF during FY 2021-22:
| Financial Year | Amount of unclaimed Dividend Transferred (in Rupees) |
Date of Transfer |
| 2014-2015 | 30,43,566.00 | August 18, 2022 |
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?
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. Once the shares are transferred to IEPF, all the future benefits accruing to such shares including dividend are also transferred to IEPF. However, in order to claim such dividend or shares, as the case may be, the concerned shareholder generate a request to IEPF Authority:
- By making an application in web based Form IEPF – 5 available at http://iepf.gov.in/IEPF/corporates.html along with applicable fees; and
- 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;
- 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:
| 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 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
