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ECS for Remittance of Dividend

Securities and Exchange Board of India has made it mandatory for all companies to use the Bank Account details furnished by the Depositories for depositing dividend through ECS to investors where ECS and Bank details are available. Under this mechanism, the dividend is electronically credited to the investor's bank accounts and the company as well as investors are immensely benefited as the process of issue of physical dividend warrants is done away with. 

 

The salient features of the ECS facility are:


 

  • This facility is hassle free and provides instant credit of dividend amount to your bank electronically at no extra cost. ECS also eliminates postal delay, Loss in transit and fraudulent encashment of warrants.

  • This Scheme is optional.

  • Under this facility, the amount of dividend payable to you would be directly credited to your bank account. 

  • The information provided by you will be utilized only for the purpose of remitting the future dividend /similar payments.

We encourage all our shareholders to utilize the ECS for receiving the direct credit of dividend in the designated bank account. If you are holding shares in electronic mode, pls update your Bank details by submitting duly filed in ECS Mandate Form to your Depository Participant (DP) and in case your holding shares in physical mode, please submit duly filed in ECS Mandate Form to our RTA vizKarvy Computershare Private Limited, Unit: eClerx Services Limited, Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad – 500 032. 

 

Please attach self attested copy of PAN card and blank cancelled cheque along with ECS Mandate Form.

You may also use the same form for notifying about any change in the particulars of your Bank Account. 

 

After remittance of dividend through ECS, we shall send you intimation, furnishing details of payment made through ECS for your information and record.

 

Please click here to download the ECS mandate form:
Form for payment of dividend through ECS