Miteri Development Bank Deposits Cash Dividend Into Shareholders’ Accounts

26th November 2025, Kathmandu

Miteri Development Bank Limited has successfully initiated the distribution of its approved cash dividend to eligible shareholders.

Miteri Bank Cash Dividend

The cash dividend, which was endorsed during the bank’s 20th Annual General Meeting (AGM) held on November 22, has begun to be transferred directly into shareholder accounts.

Dividend Details and Eligibility

The dividend distribution follows the proposal ratified by the shareholders at the recent AGM.

Dividend Rate: The bank is distributing a 10 percent cash dividend to shareholders. This percentage is inclusive of the necessary tax on the dividend amount.

Eligibility Cut-off: The cash dividend is being provided to shareholders who were registered in the bank’s books by the book closure date of November 8. Only individuals holding shares on or before this date are eligible to receive the announced dividend.

Distribution Method: The cash dividend transfer commenced on November 23 through the Interbank Payment System (IAPS). The IAPS is a standard electronic funds transfer system used in Nepal to facilitate fast and secure movement of funds between different bank accounts.

Instructions for Claiming the Dividend

To ensure a smooth and timely receipt of the cash dividend, the bank has provided specific instructions based on the status of the shareholder’s Demat and bank accounts.

1. Shareholders with Updated Bank Details

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Shareholders who have already updated their bank account details in their respective Demat accounts (beneficiary accounts) have already begun receiving the cash dividend directly via the IAPS transfer mechanism starting from November 23. This is the simplest and most efficient method of receiving dividends in the modern share market.

2. Shareholders with Missing or Outdated Bank Details

Shareholders who have not updated or have incorrect bank details linked to their Demat accounts are being urged to update them at the earliest. Without correct bank account information, the bank cannot electronically transfer the cash dividend, necessitating a manual claiming process or causing significant delays. Shareholders should contact their respective Depository Participants (DPs)—where their Demat accounts are held—to update these essential details.

3. Shares Pledged as Collateral

Shareholders who had pledged their shares as collateral (hypothecated them) with a lending institution up to the cut-off date of November 8 face an additional requirement.

These shareholders will only receive the dividend after they submit a No Objection Certificate (NOC) or a release letter from the lending institution (bank or financial institution) that holds the shares as security. This procedure is legally mandated to protect the lender’s interest in the underlying security against which the loan was granted. The NOC or release letter confirms that the lender has no objection to the dividend being released to the shareholder.

This prompt action by Miteri Development Bank demonstrates its commitment to fulfilling its obligation to shareholders immediately following the AGM approval, while simultaneously ensuring strict compliance with all regulatory requirements regarding fund transfers and pledged securities.

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