Bajaj Finserv Limited has informed the Exchange regarding 'Communication sent to Shareholders regarding Tax Deduction at Source (TDS) on final dividend and updation of bank account details'.
BAJAJFINSV · price
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Bajaj Finserv Limited has informed the stock exchange about a communication sent to its shareholders concerning Tax Deduction at Source (TDS) applicable on the final dividend. The communication also reminds shareholders to update their bank account details with the company or depository to ensure seamless credit of dividend amounts. TDS will be deducted as per applicable income tax rules based on shareholders' income slabs and PAN details. Shareholders are advised to verify their PAN, residential status, and bank details to avoid incorrect deductions or payment delays.
This is a routine procedural communication with no material impact on the stock price. Shareholders should review their tax status and ensure bank details are updated to receive the dividend smoothly and avoid excess TDS deduction.