Mandate / ECS

What are the ways I can receive the dividend/interest amount due to me?

Advantages:


Ensures receipt of your dividend/interest amount in any designated bank account on the payment date, thus maximizing interest.


Ensures receipt of payments even if the change in your address has not been notified to LIIPL.


Minimizes risk of misappropriation.


Precludes the need for you to pay the payment cheque into a bank account.


The following ways to receive the corporate benefits i.e dividend / interest are listed below:

  • The warrant can be mailed to your address as recorded with us or to the address as downloaded to LIIPL by your Depository Participant.

  • The warrant can be posted directly to your bankers if a mandate instruction is registered with us, for physical holding only.

  • The net amount due to you can be credited electronically to your bank account based on the ECS instructions submitted to LIIPL for physical holdings, and downloaded to LIIPL by your Depository Participant for electronic holdings.

Please ensure that the bank account details provided is correct and complete avoid delay in credit.

How do I obtain a duplicate Tax Deduction certificate?

For securities held in physical form, please send us a covering letter specifying your folio number, banker´s name, address, account type and account number. The dividend/Interest amounts payable to you can be sent directly to your bank under intimation to you. In case you desire the warrant to be mailed to your registered address after incorporating the bank account details on the warrant, you may specify this requirement. In your request letter to be lodged with LIIPL.


For securities held in electronic form, please contact your depository participant.

What are the features of the Electronic Clearing Facility (ECS) introduced by the Reserve Bank of India (RBI)?

Reserve Bank of India has introduced the Electronic Clearing Service which allows electronic credit of the dividend /interest amount to your bank account for the amount due to you.


The salient features are:

  • Instant credit - This Facility provides instant credit of dividend/interest amount to your bank account electronically at no extra cost. ECS also eliminates the delay in postal transit and fraudulent encashment of warrants.

  • Optional Scheme - This scheme is optional Coverage - ECS is presently available in major cities / centres like Ahmedabad, Bangalore, Calcutta, Chennai, Delhi, Hyderabad, Mumbai, Pune. RBI has been extending this facility to various centres from time to time. The scheme is at present available only for payments upto a maximum amount of Rs. 5,00,000/-.

  • Procedure for credit - Under this facility the amount of dividend / interest payable to you would be directly credited to your bank account. Your bank branch will credit your account and indicate the credit entry as ´ECS´ transaction in your passbook/ statement of account.

In case ECS facility is not made available to you by the Company / their Bankers at a particular centre or the amount payable to you exceeds Rs. 5,00,000, the dividend / interest amount due to you would be remitted by means of a dividend / interest warrant which would be posted to your address with the particulars of the bank/branch and account number furnished by you duly incorporated on it.

How do I avail of the ECS Scheme introduced by Reserve Bank Of India (RBI)?

To avail of ECS facility (i.e direct electronic credit to your bank account), please write to LIIPL specifying the following details:

  1. Your Folio Number

  2. Name and address of the bank branch

  3. Account type and account Number.

  4. The 9 Digit code number of the bank and branch as appearing on the MICR cheque issued by the bank

This is applicable only for securities held in physical form. For securities held in electronic form, please contact your Depository Participant.

Tara Jewels Limited (TARAJEWEL.NS)


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