Indian Oil Dividend 2026: How to Check Your Eligibility? Record Date, TDS, and Payment Rules Explained

New Delhi, 09 March 2026: Indian Oil Corporation Limited (IOCL) has announced a ₹2 per share second interim dividend for FY 2025-26, representing 20% of the face value of the stock. The decision was approved by the company’s board, sparking interest among investors who want to know whether they qualify for the payout.

If you hold IOCL shares or plan to buy them, understanding the record date, settlement rules, tax deductions, and payment timeline is essential to ensure you receive the dividend.

Record Date: The Key to Dividend Eligibility

The most important date for shareholders is the record date, which determines who will receive the dividend.

• Record Date: March 12, 2026 (Thursday)

• Investors whose names appear in the company’s Register of Members or as Beneficial Owners in depository records on this date will be eligible for the dividend.

This means only those shareholders who hold IOCL shares in their demat account by the end of March 12, 2026, will qualify for the ₹2 interim dividend.

Understanding the Ex-Dividend Rule

Under the T+1 settlement cycle in the Indian stock market, shares must be credited to your demat account before the record date.

Important points for investors:

• Buying shares on or after March 12, 2026 will not qualify for the dividend.

• To be eligible, investors should purchase the shares at least one trading day before the record date so that settlement happens in time.

This rule ensures that the shares are officially recorded in your demat account before the company finalizes its list of eligible shareholders.

TDS on IOCL Dividend: What Investors Should Know

Dividend income from IOCL is subject to Tax Deducted at Source (TDS) as per Indian income tax regulations.

TDS Rates

• 10% TDS: If the shareholder has a valid PAN linked with their demat account.

• 20% TDS: If PAN details are missing or invalid.

Exemption Threshold

• If the total dividend income from IOCL during FY 2025-26 does not exceed ₹5,000, TDS is generally not deducted for resident individual investors.

How and When the Dividend Will Be Paid

Once eligibility is confirmed on the record date, the dividend will be transferred electronically.

Payment Method:

• Electronic transfer through ECS (Electronic Clearing Service) to the bank account linked with the demat account.

Expected Payment Date:

• IOCL plans to complete the dividend payout on or before April 5, 2026.

Checklist for Shareholders to Receive IOCL Dividend

To avoid missing the payout, investors should complete the following steps:

1. Update KYC Details

Ensure your bank account, PAN, and Aadhaar details are correctly updated in your demat account.

2. Link PAN With Demat

Linking PAN helps avoid the higher 20% TDS deduction.

3. Submit Form 15G or 15H

If your total income is below the taxable limit, submit Form 15G or Form 15H to the registrar before the record date to prevent TDS deduction.

Why the IOCL Dividend Matters for Investors

Dividends from public sector companies like Indian Oil Corporation Limited are closely tracked by investors seeking stable income and consistent returns. Interim dividends also indicate the company’s strong financial position and confidence in cash flows.

For investors planning to benefit from the ₹2 per share IOCL dividend, ensuring that the shares are in the demat account before the March 12 record date is the most critical step.