login-icon
mahindra-finance-logo
login-icon
  • English
  • Hindi
  • Bengali
  • Marathi
  • Telugu
  • Tamil
  • Gujarati
  • Kannada
  • Odia
  • Malayalam
  • Punjabi
phone

Download App

Conveniently pay your EMIs, set payment reminders, view your loan details.

phone
|

How does one get dividend on shares held in electronic form?

mahindra-finance-author

by Mahindra Finance

|

July 21, 2023

|

1 mins read

The Company obtains the details of beneficiary holders from the Depositories as on the date of the book closure /record date fixed by the Board of Directors. Dividend in respect of shares held is normally paid electronically if the 9 digit Magnetic Ink Character Recognition (MICR) code is available in the said details. In the absence of the said MICR code, dividend warrants are issued and dispatched to the address of the shareholders.

Related articles

How To Build A Diversified Investment Portfolio With Fixed Deposits

Investing wisely is crucial for long-term financial stability and growth. One effective strategy is building a diversified investment portfolio. In this article, we will explore how fixed deposit inve...

KNOW MORE

April 26, 2024

SME Loans: The Role Of Government Initiatives In Supporting Indian SMEs

Small and medium-sized enterprises (SMEs) are the backbone of India’s economy, contributing significantly to its GDP and employment. However, accessing formal credit has been a challenge for the...

KNOW MORE

July 24, 2024

PPF vs FD: Which One Should You Choose | Mahindra Finance

When it comes to safe investment options in India, PPF and FD are among the most preferred. They both offer a plethora of benefits and are attractive choices, regardless of one’s income. These finan...

KNOW MORE

June 30, 2023