The Kotak Mahindra Group was incorporated in 1985 as Kotak Capital Management Finance Limited. This company was promoted by Uday Kotak, Sidney A. A. Pinto and Kotak & Company. Industrialists Harish Mahindra and Anand Mahindra took a stake in 1986, and that is when the company's name was changed to Kotak Mahindra Finance Limited. In 2003, Kotak Mahindra Finance Ltd. was converted into a commercial bank- the first Indian company to do so.
Kotak Mahindra Group is one of India's leading financial conglomerates, offering complete financial solutions that encompass every sphere of life. From commercial banking, to stock broking, to mutual funds, to General and Life Insurance, to investment banking, the group caters to the financial needs of individuals and corporates.
You may send a mail to [email protected] or write to the Secretarial Department of the Bank furnishing the details/ particulars of the dividend not received. Please quote your folio number or DP ID and Client ID particulars. Post verification, if the dividend remains unpaid as per the records of the Bank, we will send a demand draft / pay order in lieu of the unpaid dividend.
During the validity of the original warrant no duplicate can be issued. Thus, if the validity period of the lost dividend warrant has not yet expired, you will have to wait till the expiry date. However, once the validity period has expired, if the dividend warrant is still shown as unpaid in our Bank Statement, a duplicate warrant shall be issued to you on receipt of application from you.
As per the present law, the Bank retains all unpaid/unclaimed dividends for the past seven years. If you have not received any of the past years dividends, you may send a mail to [email protected] or write to the Secretarial Department of the Bank with relevant particulars like folio number / DP ID Client ID, concerned dividend etc. and we shall arrange to pay the dividend if it remains unpaid as per our records.
If you hold shares in physical form, please submit your folio number, name, details of bank and account number to the R & T Agent i.e. KFin Technologies Limited or to the Secretarial Department of the Bank and we shall incorporate the same in all your future dividend warrants. In case you hold the shares in dematerialised form, these details will have to be provided to the Depository Participant with whom you have a demat account. Your Depository Participant in turn will pass on this information to the company. This procedure is in accordance with depository regulations. The dividend will be credited to the bank account which has been registered with the Depository Participant through National Automated Clearing House (NACH/NEFT/Direct Credit).
Under this system, you can receive your dividend electronically by way of direct credit to your bank account. This avoids a lot of hassles like loss/fraudulent interception of dividend warrants during postal transit. This also expedites payment through credit to your account compared to dividend warrants in the physical form. We would strongly recommend that you opt for Electronic Clearing Service if you have not done so already.
You are required to submit the ECS form duly completed along with a photocopy of a leaf of your cheque as advised in the Form and we shall take due note of the same in our records. All subsequent dividends will be paid to you through direct credit to your bank account.
Pursuant to Section 124(5) of the Companies Act, 2013, dividends that are unclaimed for a period of seven years get transferred to the Investor Education and Protection Fund administered by the Central Government. The table given below gives the dates of dividend declaration since 2010-2011 and the corresponding dates when unclaimed dividends are due to be transferred to the Central Government in respect of Kotak Mahindra Bank Limited and the erstwhile ING Vysya Bank Limited.
Kotak Mahindra Bank Limited (KMBL)
Date of Declaration
Due Date of Transfer
21 st July 2011
20 th August 2018
19 th July 2012
18 th August 2019
19 th July 2013
18 th August 2020
16 th July 2014
14 th August 2021
29 th June 2015
28 th July 2022
22 nd July 2016
21 st August 2023
20 th July 2017
19 th August 2024
Erstwhile ING Vysya Bank Limited (eIVBL)
Date of Declaration
Due Date of Transfer
7 th September 2011
18 th October 2018
29 th June 2012
5 th August 2019
25 th June 2013
31 st July 2020
24 th June 2014
30 th July 2021
Details of unpaid / unclaimed dividend warrants of KMBL and eIVBL for the years 2009-10 to 2015-16 as per the MCA Notification G.S.R. 352(E) dated 10th May, 2012.
Transfer of Equity Shares of the Bank to Investor Education and Protection Fund (IEPF) Suspense Account.
MCA has notified the applicability of Section 124(6) with effect from 7th September 2016, which provides that all shares in respect of which dividend has not been paid or claimed for seven consecutive years or more, shall be transferred by the Company in the name of IEPF. The Bank will initiate necessary action for transfer of shares (whether held in physical or demat form) to IEPF Suspense Account on or after 31st October 2017 or such other date as may be notified by MCA in this regard.
Details of shares due for transfer to IEPF Suspense account