As per the revised provisions of the Income Tax Act, 1961 ("the Act"), dividends paid or distributed by the company after April 1, 2020 are taxable in the hands of the shareholders. The Bank shall therefore be required to deduct tax at source at the time of payment of dividend based on the category of shareholders

Non Resident Shareholders who claim DTAA concessional TDS rate are required to upload copy of Form 10F Acknowledgement generated through Income Tax Website

Shareholder can reach us for any clarification at for further clarification in this regard.

Shareholders are requested to enter the One Time Password (OTP) received through SMS/Email to proceed with online submission of Tax Exemption Forms. Please ensure that you have updated your Mobile No./Email Id with Depository participant (If shares are held in Demat Mode) or with Bank’s RTA (If shares are held in Physical Mode).