Bank of India Saksham Niveshak campaign urges KYC updation
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.

*this image is generated using AI for illustrative purposes only.
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 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 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?


































