When will I receive the dividend amount at 5paisa?
You will receive the dividend amount according to the dividend payment schedule provided by the company. Typically, dividends are disbursed after the company's Board of Directors approves the dividend and the relevant dates, such as the record date and payment date, have been met. The specific timing can vary based on company policies and practices.
However, you will receive notifications from the company's Registrar and Transfer Agent (RTA) if you are eligible. Please be aware that the dividend amount is directly deposited into your registered/default bank account. However, if your shares were acquired using debit funding, the dividend amount will be credited to your 5paisa ledger account.
It's important to note that Tax Deducted at Source (TDS) is also applicable to dividends amount.