I had 1000 shares of ITC pledged at Zerodha during the last few months.
Dividend for ITC was paid yesterday (8th Sep), and Investors who had not pledged ITC shares have already received it in their bank account.
Can you tell when can we (who had shares pledged at ex-date) receive the ITC dividends into our Zerodha Trading Ledger? Generally Zerodha credits the dividends by the next day. I checked the Account Statement today and could not see the dividend credit. Is there any delay?
Same question here, I too had some shares of ITC pledged with Zerodha…I even wrote to Zerodha Support about this but looks like most of the support executives do not know the technical know how and they just reply anything. Looks like TradingQnA is a better place to ask queries instead of their Support Portal.
In a different thread, it is mentioned that the dividend is credited to the trading account once a week for all clients (generally on a Thursday).
Is this procedure now changed? In the sense that the dividends are credited as and when Zerodha receives them (with a 1-2 days delay). Mainly asking because that thread is over 3 years old.
The dividend, in this case, would be credited to the broker’s pool account as you had pledge the securities on the record date. The record date was 07th July, 2020 when we were still on the old system of pledge and the securities were being moved from your demat account to provide collateral margin. The dividend so received will be reconciled this week and credited to your trading account.
If the TDS is deducted, the credit will be updated against your PAN.
So Zerodha will credit the 7.5% into our PAN as TDS. But will we also be issued the necessary TDS Certificate by Zerodha through e-mail?
Recently I got the following message from LT which paid dividend directly:
The certificate in respect of tax deducted at source, if any, shall be sent to you in due course to your registered email id, (post filing of 2nd quarter TDS Returns for the Financial Year 2020-21).
@Shubh59 Will Zerodha also provide us the same for the 7.5% TDS withheld?