ICICI Bank Limited declared a final dividend of Rs 12 per equity share (60% of face value) for the financial year ended March 31, 2026, at its board meeting on April 18, 2026. The dividend will be proposed at the 32nd Annual General Meeting scheduled for August 21, 2026, payable to shareholders whose names appear in the Register of Members for physical shares and to all beneficial owners for dematerialised shares as of the Record date of August 3, 2026.
The bank will deduct tax at source under the Income-tax Act, 2025, with TDS rates varying by shareholder residential status and documentation. Resident shareholders face 10% TDS, increasing to 20% if PAN is not provided or PAN-Aadhaar linkage is incomplete. Certain residents may qualify for nil/lower TDS with proper documentation including Form 121 or lower deduction certificates.
Non-resident shareholders face different TDS rates based on their classification. ADR depository shareholders face 10% TDS, while FII/FPI shareholders face 20% or treaty rate, whichever is lower. Other non-residents face 20% TDS or applicable treaty rate. Non-residents may claim treaty benefits by submitting PAN, tax residency certificate, and declaration forms.
All dividend payments will be processed through electronic mode as mandated by SEBI regulations. Shareholders must update their bank account details, tax residential status, PAN, and contact information with their depository participants or KFin Technologies by August 3, 2026, at 6:00 p.m. IST. Documents may be submitted at https://ris.kfintech.com/form15/forms.aspx?q=0.
ICICI Bank Limited emphasized shareholders should provide complete documentation to ensure correct TDS deduction. The bank will issue TDS certificates post-payment and shareholders without complete details will receive dividend payments only through electronic mode. All communications regarding tax determination should be directed to einward.ris@kfintech.com.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.