Bank of India Announces Dividend of ₹4.65 for FY26, Tax Deduction Applicable
Bank of India recommended a dividend of ₹4.65 per equity share for FY26. The dividend is subject to shareholder approval at the 30th AGM. The record date is May 29, 2026. Tax will be deducted at source as per IT Act. Shareholders must submit necessary documents by June 08, 2026.
Dividend announcements are material for investors. The clarification on tax deduction is also important for shareholders to understand the net payout.
The announcement is a routine dividend declaration and communication regarding tax implications, which is a standard corporate action and does not inherently suggest positive or negative performance.
Bank of India has announced its dividend payout for the Financial Year 2025-26. The Board of Directors, in a meeting held on May 08, 2026, recommended a dividend of ₹4.65 per equity share, which amounts to 46.50% of the face value of ₹10.00 per share.
This dividend is subject to the approval of the shareholders at the upcoming 30th Annual General Meeting (AGM). The dividend will be paid to eligible shareholders, whether their shares are held in electronic or physical form, as of the record date, which has been set as May 29, 2026.
In accordance with the Income Tax Act, 1961, as amended, dividends paid after April 1, 2020, are taxable in the hands of the shareholders. Consequently, Bank of India will be required to deduct tax at source (TDS) at the time of dividend payment. The rate of TDS will depend on the shareholder's residential status and the documentation submitted. Shareholders are requested to provide the necessary forms and documents via email to Headoffice.share@bankofindia.bank.in and tdss@bigshareonline.com by June 08, 2026. The bank will deduct TDS based on the records available with the Registrar and Transfer Agent (RTA), and no revision requests will be entertained thereafter. An email communication detailing these conditions and forms has also been sent to shareholders with registered email IDs.
What to do with a filing like this
Bank of India filed this with the NSE as a statutory disclosure, categorised under dividend. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Bank of India. Read the original for the full detail.