Bank of India Saksham Niveshak campaign urges KYC updation

1 min read     Updated on 10 Jun 2026, 03:01 AM
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Bank of India's 'Saksham Niveshak' campaign urges shareholders to update KYC details to ensure dividend payments. Unclaimed dividends up to FY 2014-15 are with IEPF.

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Bank of India has notified the exchanges regarding the 'Saksham Niveshak' campaign, an initiative by the Investor Education and Protection Fund Authority (IEPFA), Ministry of Corporate Affairs, Government of India. Running from April 1, 2026, to July 9, 2026, the campaign aims to raise awareness among shareholders regarding the updation of Know Your Customer (KYC) details and the process for claiming unpaid or unclaimed dividends and shares. The bank published a notice regarding this campaign in newspapers on June 9, 2026.

The bank stated that dividend payments will be withheld in cases where shareholders have not updated their KYC details with the Registrar & Share Transfer Agent (RTA) or Depository Participant (DP). Required updates include PAN, contact details, postal address with PIN, mobile number, bank account details, and specimen signature. Shareholders holding shares in physical form must update these with the RTA, while those with demat holdings must update their respective DPs.

Unclaimed dividends up to FY 2014-15 have already been transferred to the IEPF. Furthermore, the bank did not declare any dividends from FY 2015-16 to FY 2020-21. Shareholders seeking to claim unpaid dividends for the period FY 2021-22 to FY 2024-25 are required to send requests to the bank's RTA.

Contact Details for Claims

Shareholders can direct their claims or requests for unpaid dividends to the following address:

Entity Address Contact
Bigshare Services Pvt. Ltd Office No. S6-2, 8th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East), Mumbai-400093 Tel: +91-22-62638200
Email: info@bigshareonline.com

For assistance or escalation, shareholders may contact the bank at headoffice.share@bankofindia.bank.in . The bank also requested shareholders holding physical shares to convert them into dematerialized form to avoid risks such as loss, damage, or misplacement and to ensure the seamless receipt of information and benefits.

Historical Stock Returns for Bank of India

1 Day5 Days1 Month6 Months1 Year5 Years
-2.40%+1.04%+1.15%+2.33%+11.96%+75.08%

What impact will the withholding of dividends for non-compliant KYC updates have on Bank of India's shareholder engagement and investor relations?

How might the 'Saksham Niveshak' campaign influence other public sector banks to adopt similar measures for KYC compliance and unclaimed dividends?

Could the push for dematerialization of physical shares lead to a broader trend in the banking sector to phase out physical shareholding entirely?

Bank of India holds virtual meeting with Millennium Partners

0 min read     Updated on 09 Jun 2026, 05:38 AM
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Bank of India held a one-to-one virtual meeting with Millennium Partners on June 8, 2026, under Regulation 30 of SEBI (LODR) Regulations, 2015. The bank confirmed that only public domain information was shared and no unpublished price sensitive information was disclosed.

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Bank of India held a one-to-one virtual meeting with Millennium Partners on June 8, 2026. The interaction was conducted under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

The bank confirmed that only information already available in the public domain was provided to the investor or analyst during the session. No unpublished price sensitive information was shared during the meeting or call.

The disclosure was submitted to the National Stock Exchange of India Ltd. and BSE Ltd. The communication was signed by Usha Ramsinghani, Company Secretary of Bank of India.

Historical Stock Returns for Bank of India

1 Day5 Days1 Month6 Months1 Year5 Years
-2.40%+1.04%+1.15%+2.33%+11.96%+75.08%

What specific aspects of Bank of India's performance or strategy is Millennium Partners likely focusing on given this interaction?

How might this engagement influence investor sentiment or stock liquidity for Bank of India in the near term?

Could this meeting signal potential future collaborations or increased stake by Millennium Partners in Bank of India?

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1 Year Returns:+11.96%