Canara Bank Launches 'Saksham Niveshak' Campaign for Shareholder KYC Updation and Dividend Claims
The announcement impacts a broad base of shareholders by encouraging them to update their records and claim their rightful dues, ensuring better compliance and financial benefits for them.
The campaign aims to educate shareholders and facilitate the updation of KYC and claiming of unpaid dividends/shares, which is beneficial for shareholder engagement and compliance.
Canara Bank has announced the launch of the 'Saksham Niveshak' - 100 Days Campaign, initiated by the Investor Education and Protection Fund Authority (IEPFA), Ministry of Corporate Affairs, Government of India. The campaign runs from 28 July 2025 to 06 November 2025, aiming to create awareness among shareholders regarding: * KYC updation * Claiming unpaid/unclaimed dividends and shares
Shareholders are requested to: * Update their KYC details, including email ID, address, mobile number, and bank account details, with the Bank's Registrar and Transfer Agent (RTA) for physical shares or with their respective Depository Participants (DPs) for dematerialized shares. * Claim unpaid dividends for the period from FY 2021-22 to FY 2024-25.
Unclaimed dividends up to FY 2016-17 have already been transferred to the IEPF, and shareholders can file claims on the IEPFA portal. Additionally, pursuant to the Banking Laws (Amendment) Act, 2025, effective from 01 August 2025, shares with unpaid or unclaimed dividends for seven consecutive years are also required to be transferred to IEPF. Rightful claimants are urged to claim such shares/dividends at the earliest. For any queries, shareholders can contact Kfin Technologies Limited (RTA) or the Bank's Secretarial Department.
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Canara Bank filed this with the NSE as a statutory disclosure, categorised under regulatory filings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Canara Bank. Read the original for the full detail.