RBL Bank: TDS on Dividend Distribution Explained

RBL Bank Limited has issued a communication to its shareholders regarding Tax Deduction at Source (TDS) on dividend distribution. The bank will deduct TDS on the final dividend for the financial year ended March 31, 2026, as per the Income Tax Act. Shareholders are urged to update their PAN, residential status, category, and contact details by the record date, August 14, 2026, to ensure correct TDS application or claim exemptions/lower rates if applicable. Failure to link PAN with Aadhaar may result in a 20% TDS rate.