Question

Dividend should be transferred to the scheduled bank account from the declaration of such dividend within how much days

Answer 1

You need to have shares in your demat account as of 'record date' to be eligible for dividend. Company looks for shareholders on record date to decide who should get dividend. There is no fixed timelines on when you will get dividend. However company is mandated to pay the dividend within 30 days of record date. If not done, they need to transfer the dividend amount in 'Unpaid divided account'.

Answer 2

When the dividend has not been paid or claimed in very short of the 30 day from the date of the its declaration .

This company wants to transfer the total amount of the dividend and it assures to remain paid or unclaimed to special account to the open by the respective company.

Therefore a schedule bank is knows ad dividend account.