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Depositing dividends directly to a bank account Vote_lcap68%Depositing dividends directly to a bank account Vote_rcap 68% [ 178 ]
Depositing dividends directly to a bank account Vote_lcap18%Depositing dividends directly to a bank account Vote_rcap 18% [ 47 ]
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FINANCIAL CHRONICLE™ » CHRONICLE™ SUPPORT » Depositing dividends directly to a bank account

Depositing dividends directly to a bank account

+2
visionstar
tango
6 posters

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tango


Stock Trader

Dear Friends,
Is there a way we can instruct directly deposit dividends and debenture interests to a bank account ?
If  so could you please explain the procedure ?

Thanks in advance !!

visionstar


Senior Equity Analytic
Senior Equity Analytic

Send a letter to CDS through your broker giving your bank details stating your request. You can also refer new CDS 1 form( for new CDS accounts)which has space to enter your bank details to remit dividends etc.
But I am not sure about debenture interest.

tango


Stock Trader

Thanks lot visionstar !!!!

tango


Stock Trader


I think it’s from CDS 28. Can be download from http://www.cds.lk/downloads/forms.html.
Please correct me if I'm wrong

yellow knife


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Send a letter through your broker. However keep a record of what you receive by post and check your account balance accordingly. If you have received the dividend slip through mail but account is not credited contact the company secretary after two weeks. Then you can write a letter and ask a cheque instead. However the company may charge you about Rs 500.00 for stop payment.

Octopus

Octopus
Expert
Expert

This happens to me time to time, Sometimes, the company send the copy of the letter to broker company then the broker firm inform them the accounts details. Sometimes, the company send the letter to me only. In that case I have to send a letter saying contact the broker company. Annoying stuff.

Top Trader


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

http://www.cds.lk/pdf/forms/CDS_28.pdf

Octopus

Octopus
Expert
Expert

Same company (LGL) deposited money in the account without any issue. but this year, asked what the account number was. Oyawelawata thamai mata....

fff4sl

fff4sl
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

It is better have the check and deposit it by ourselves...

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