RBL Bank has announced its final dividend recommendation for the financial year ended March 31, 2026. The dividend of Re. 1.00 per equity share will be paid on or before October 1, 2026, subject to shareholder approval. The communication also details the process and required documentation for claiming tax exemption or lower tax deduction at source (TDS), emphasizing the need for updated shareholder details by the record date of August 14, 2026.
RBL Bank Recommends Final Dividend for FY 2025-26
RBL Bank Limited has announced that its Board of Directors, at a meeting held on April 25, 2026, recommended a final dividend of Re. 1.00 per equity share (ordinary) for the financial year ended March 31, 2026. This dividend, representing 10% of the nominal value of Rs. 10/- each, is scheduled to be paid on or before October 1, 2026. The payment is contingent upon the approval of the Bank’s Members at the upcoming 83rd Annual General Meeting, scheduled for Wednesday, September 2, 2026.
Key Dates and Record Date
Shareholders eligible to receive the dividend will be those whose names appear on the Register of Members or List of Beneficial Owners as of the close of business hours on Friday, August 14, 2026, which is the designated Record Date. This list will be based on data received from the Bank’s Registrar and Transfer Agent, MUFG Intime India Private Limited, and Depositories.
Tax Deduction at Source (TDS) Procedures
In accordance with the Income-tax Act, 2025, dividends are taxable in the hands of shareholders. RBL Bank will be required to deduct tax at source (TDS) at applicable rates at the time of dividend payment. To ensure accurate TDS application and to facilitate claims for tax exemption or lower tax rates, shareholders are urged to update their details:
- Permanent Account Number (PAN): Must be valid and operative.
- Residential Status: Resident or Non-Resident for FY 2025-26.
- Shareholder Category: Such as Mutual Fund, Insurance Company, AIF, FPI, FII, HUF, Firm, LLP, AOP, BOI, Trust, Domestic Company, Foreign Company.
- Email Address and Residential Address.
- Contact Number.
Shareholders must ensure these details are updated in their Demat accounts or with the Registrar and Transfer Agent by the Record Date, August 14, 2026, by 5:00 p.m. Failure to link PAN with Aadhaar may lead to PAN being deemed invalid and tax deduction at 20%. The TDS rate will vary based on residential status and submitted documentation.
Documentation for Tax Exemption/Lower TDS
To claim exemption from TDS or a lower TDS rate, shareholders must submit specific forms and documents by the Record Date (August 14, 2026, 5:00 p.m.). These can be accessed via links provided in the communication or on the Bank’s website. Required forms include:
- For Individuals: Form 121 (previously Form 15G/15H) for resident shareholders, and Form 41 or Self-Declaration-1 for non-resident shareholders.
- For Non-individuals: Self-Declaration-2 for resident shareholders, and Form 41 or Self-Declaration-1 for non-resident shareholders.
For non-resident shareholders, specific documentation related to tax treaties, tax residency certificates, and declarations of no Permanent Establishment in India may be required. In case of joint shareholders, the first-named shareholder is responsible for furnishing the necessary documents.
All required documentation must be uploaded via the specified portal by August 14, 2026, 5:00 p.m. IST. No documents submitted via email or after the deadline will be considered.
Source: BSE
