What should I do if I don't receive the dividend in my bank account? | Groww (2024)

FAQs

What should I do if I don't receive the dividend in my bank account? | Groww? ›

Contact the company issuing the dividend: They might be able to update your bank account information for future dividend payments.

The dividend payment date is generally 30 to 45 days after the record date. If you are eligible for dividends and have not received them even after the dividend payment date, you will need to contact the RTA of the company.

If the dividend credit is unsuccessful for any reason, the company's RTA will issue a dividend warrant and courier it to the investor's registered postal address. The investor can deposit the warrant into their bank account and encash it.

You may directly contact the RTA (Registrar and Transfer agents) of the company. The RTA's information will be available in the 'Company Information' section of the company on both NSE and BSE websites.

You didn't qualify for the most recent dividend payment

The ex-dividend date is the first day the shares trade without the dividend included in the price. So, if the ex-dividend date was Tuesday 20 April, only investors who bought their shares on Monday 19 April (or before) would receive the dividend.

The record date: The date that determines all shareholders of record who are entitled to the dividend payment. This date usually occurs two days after the ex-date. The payment date: This is the day dividend payments are issued to shareholders and is usually about one month after the record date.

The dividend payment date is generally 30–45 days after the record date. You can find the details of the Ex date/Record date on the NSE website under the 'Corporate Disclosures' tab and the BSE website under the 'Corp Actions' tab.

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The accrued dividend refers to a balance sheet liability. In the statement, the common stock of dividends will be maintained. This is a record in which dividends are declared but not paid yet. These are often hailed as the current liability within the company.

Your dividends will be credited to your primary bank account. To check your primary bank, click the 'BANK DETAILS' button below and look for the one highlighted as '(Primary bank)'.

How do I recover an unpaid dividend? ›

You must electronically submit Form IEPF-5 is required to be filed according to sub-section (3) of section 125 of the Companies Act, 2013 and rule 7(1) of the Investor Education and Protection Fund Authority website (Accounting, Audit, Transfer, and Refund) Rules, 2016 for the unclaimed dividend and associated shares.

Any dividend received on your investments will be directly credited to the registered bank account. In case you have changed your bank account with Moneycontrol Trade, then the dividend will be credited to the bank account from which the investment was made.

An accrued dividend—also known as dividends payable—are dividends on a common stock that have been declared by a company but have not yet been paid to shareholders. A company will book its accrued dividends as a balance sheet liability from the declaration date until the dividend is paid to shareholders.

Any dividend received on your investments will be directly credited to the registered bank account. In case you have changed your bank account with Moneycontrol Trade, then the dividend will be credited to the bank account from which the investment was made.

So, how do dividend-earning checking accounts work? A dividend-earning checking account often requires a minimum balance in order to begin earning dividends, or may require you to receive a specified amount in direct deposits each month. The account then pays dividends on the balance, typically monthly.