LIC shareholders, update PAN and bank details immediately, otherwise loss may occur.

State-owned insurance company LIC has recently issued an important notice to its shareholders in which they have been advised to update their PAN and bank details immediately. LIC has requested through a newspaper advertisement to its members that each equity share of face value of Rs 10 for the financial year 2023-24 will be issued during the Board of Directors meeting held on May 27, 2024. 6 is proposed as dividend. The dividend will be declared at the third annual general meeting to be held on Thursday, August 22, 2024. We inform you on 19th July that the last date for receiving LIC's dividend has been fixed as 19th July 2024. All shareholders, whether they hold physical shares or hold electronic equities, can expect to receive their payment within 30 days of the dividend declaration before September 20, 2024. Shareholders who share their bank account information can choose from multiple payment options, including online and other methods, with their depository participants. Also Read: Maruti and Indian Railways Merge Now Get Updated Information Income Tax Act 1961, Dividend Income. LIC through this advertisement reminds all its shareholders to ensure that their address, PAN and other vital information is updated with their deposit participant to meet the TDS requirements. Companies stress the importance of updating bank account details for direct deposit of dividend before 5pm on Friday, July 19, 2024. Don't miss out on receiving your money and make sure to update everything on time. Also Read: Sensex rockets as auto stocks close at record high of 80,351.64 LIC shareholders, update PAN and bank details immediately, otherwise risk losses.