This PSU Stock Offers ₹3.20 Dividend — Check Record Date and Last Buy Day

Mumbai, March 18, 2026: A leading Maharatna PSU in the power financing sector, REC Limited, has announced a ₹3.20 per share interim dividend for the financial year 2025–26, drawing strong attention from income-focused investors.

With the record date set for March 20, 2026, investors now have a limited window to qualify for the payout, making timing a critical factor.

Key Dates You Should Not Miss

Dividend Declaration: March 16, 2026
Record Date: March 20, 2026
Last Date to Submit TDS Forms: March 20, 2026
Dividend Payment: On or before April 14, 2026

Who Will Get the Dividend?

To receive the ₹3.20 per share dividend, investors must meet two essential conditions:

Must be a shareholder on March 20, 2026 (record date)
Must purchase shares before the settlement cutoff

Since the market follows a T+1 settlement cycle, investors should ideally buy shares by March 17 or March 18, 2026. Buying on March 19 carries a risk of missing eligibility due to settlement timing.

Tax Rules on Dividend Income

Dividend income is taxable, and tax is deducted at source before payment:

10% TDS if PAN is linked with Aadhaar
20% TDS if PAN is not linked
Applicable rates for NRIs as per regulations

How to Avoid TDS Deduction

Investors whose total income is below the taxable limit can submit:

Form 15G (for individuals below 60 years)
Form 15H (for senior citizens)
Lower or nil TDS certificate under Section 197

The deadline to submit these documents is March 20, 2026, and no requests will be accepted after this date.

Documents Required for TDS Exemption

PAN Card copy
Aadhaar Card
Filled and signed Form 15G or Form 15H

These can be submitted through email or the registrar’s online portal.

Important: Update Bank Details

REC Limited has clarified that dividend payments will be made only through electronic transfer.

Demat shareholders should verify bank details with their Depository Participant
Physical shareholders must update KYC and banking details with the registrar

Incorrect or outdated bank details may result in delays or failed transactions.

Market Perspective

PSU dividend-paying stocks continue to remain attractive for investors seeking steady income. With this latest announcement, REC Limited reinforces its strong financial position and consistent track record of rewarding shareholders.