ICICI Bank Recommends ₹12 Dividend; Details TDS Rules
ICICI Bank Limited has informed shareholders about the Tax Deducted at Source (TDS) on the final dividend for FY 2025-26. The Board recommended a dividend of ₹12 per equity share (600%) of face value ₹2. This dividend, if approved at the AGM on August 21, 2026, will be paid to shareholders of record as of August 3, 2026. The bank will deduct TDS at prescribed rates based on shareholder residency and submitted documentation. For resident shareholders, the standard TDS rate is 10%, increasing to 20% if PAN is not provided or not linked with Aadhaar. Nil TDS applies if total dividend is under ₹10,000 or if Form 121 is submitted. Specific nil/lower TDS rates apply to insurance companies, government entities, RBI, mutual funds, and certain AIFs upon submission of required declarations and documents.
Key Highlights
- ICICI Bank recommends a final dividend of ₹12 per equity share.
- TDS will be deducted at applicable rates based on residency and PAN status.
- Standard TDS for residents is 10%, rising to 20% for non-compliance.
- Nil TDS possible for dividends under ₹10,000 or with valid Form 121.
- Specific entities may qualify for nil/lower TDS rates with documentation.
Price Impact
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