Why is the dividend money credited to my trading account?
Zerodha will receive dividends on your behalf If:
- You’ve pledged stock with Zerodha for F&O margins or
- Have sold the stock on Ex-date because of which Zerodha would have debited your stock and moved it to its pool account
In such cases, since the stock as on the Record date is in Zerodha’s DEMAT the registrar would credit the dividend to Zerodha. Such dividends are reconciled periodically and credited to your trading account, which you’re free to withdraw as per your convenience.