Where are dividends credited to for an NRI account?
Dividends are credited to the NRE or NRO bank account linked to the Zerodha account. To check the bank account linked with Zerodha,log in to console.zerodha.com/account/bank , or check the CMR copy, see What is a CMR copy and where can I get it?
The dividend is credited by the Registrar and Transfer Agents (RTA). If the RTA cannot credit the dividends directly to the NRE account, a cheque will be sent to the registered address. Dividends are subject to applicable taxes before being credited to the bank account. For a Non-Resident shareholder, TDS is deducted at a 20% rate with an additional surcharge and cess.
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