Newspaper Publication - Dividend Pay-Out 2026 Communication of Tax deduction
BANKINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bank of India has published a newspaper notification about the recommended dividend for FY 2025-26. The Board of Directors recommended a dividend of Rs. 4.65 per equity share (46.50% on face value of Rs. 10) at their meeting on May 8, 2026. The dividend is subject to shareholder approval at the 30th Annual General Meeting. The record date for determining eligible shareholders is May 29, 2026. As per Income Tax Act provisions amended by Finance Act 2020, the bank is required to deduct TDS on dividend payments. Shareholders must submit required documents by June 8, 2026.
Shareholders should ensure their KYC documents are submitted to the bank/RTA before June 8, 2026 to avoid incorrect TDS deduction. The dividend is pending AGM approval but appears on track for payment.