Shangri-la Development Bank Urges Shareholders to Claim Dividends and Update Dormant Accounts

9th August 2026, Kathmandu

Shangri-la Development Bank Limited has officially issued a comprehensive public notice regarding uncollected cash dividends and dormant deposit accounts.

Shangri-la Bank Dividend Claim

The financial institution has urged eligible shareholders who have not collected their approved cash dividends pending for five years or more to submit their claims immediately.

At the same time, the development bank has requested account holders whose deposit accounts have remained inactive for a decade or longer to complete the account update and reactivation procedure.

The dual announcement aims to protect investor funds, maintain accurate database records, and align corporate operations with statutory banking frameworks.

By taking these proactive measures, the institution seeks to clear long-pending accounting obligations and help customers restore access to their financial assets.

Unclaimed Cash Dividend Notice for Shareholders

The bank issued the dividend collection request in accordance with decisions previously endorsed during its Annual General Meetings.

According to statutory guidelines, cash dividends that remain unclaimed after a defined mandatory holding period must be processed in line with prevailing laws.

Shangri-la Development Bank Limited highlighted that cash dividends pending for five years or more must be claimed by legitimate equity holders before administrative transfers take effect.

If shareholders fail to claim their dividend payouts within the designated regulatory timeframe, the unclaimed funds will be transferred to designated statutory authorities or government investor protection funds as prescribed by financial regulations.

Therefore, the development bank has called upon all concerned shareholders to initiate their payout verification and collection requests without delay.

Role of NIMB Ace Capital Limited as Official Share Registrar

To streamline the dividend disbursement process, Shangri-la Development Bank Limited has directed all eligible shareholders to contact its appointed share registrar.

The institution handling dividend distribution, equity verification, and share registry services for the bank is NIMB Ace Capital Limited, situated in Naxal, Kathmandu.

Shareholders who have not received their cash dividends for five consecutive years or longer must present valid documentation to the share registrar.

Required verification documents include official identity proof, demat account statements or physical share certificates, and updated bank account details to enable direct electronic transfers.

Completing these verification requirements promptly ensures that legitimate shareholders receive their earnings without encountering technical or legal obstacles.

Notice Regarding Dormant Accounts Inactive for Ten Years or More

Alongside the dividend notice, Shangri-la Development Bank Limited addressed deposit account holders whose accounts have recorded no transactions for ten years or more.

Accounts that remain without customer-initiated deposits, withdrawals, or transfers over a ten-year period are classified as dormant under national regulatory standards.

The development bank has requested all affected account holders or their rightful legal heirs to visit their nearest branch office within fifteen days from the notice publication date.

To reactivate a dormant account, customers must submit updated Know Your Customer documents, valid official identification, recent photographs, and proof of account ownership.

Updating these records allows the financial institution to verify customer credentials and reactivate banking services for long-inactive accounts.

Regulatory Consequences Under Nepal Rastra Bank Directives

The bank clarified that deposit accounts remaining inactive beyond the stipulated timeframe are governed by the Unified Directive issued by Nepal Rastra Bank.

Central bank regulations require financial institutions to enforce strict compliance measures regarding long-term dormant accounts to mitigate fraud risks and operational vulnerabilities.

Customers who fail to update their account credentials within the fifteen-day submission window risk having their account operations restricted or subject to regulatory transfer procedures.

Shangri-la Development Bank Limited has also published detailed information regarding dormant account lists and procedural guidelines on its official portal to help account holders check their status.

Account holders are advised to complete the necessary documentation within the prescribed deadline to retain full control over their deposited funds.

Coverage of Former Kasthamandap and Bagmati Development Banks

The public notice extends beyond current Shangri-la Development Bank Limited account holders to include customers of former financial institutions that merged into the current entity.

Over its operating history, Kasthamandap Development Bank Limited and Bagmati Development Bank Limited were integrated into Shangri-la Development Bank Limited.

Account holders who maintained deposit accounts at either Kasthamandap Development Bank or Bagmati Development Bank whose accounts have remained inactive for an extended duration are also covered by this requirement.

Specifically, accounts that have remained dormant for twenty years or more are subject to critical regulatory provisions under central bank guidelines.

According to Nepal Rastra Bank directives, funds held in accounts that remain inactive for twenty years or longer without customer contact may be transferred to the central bank Banking Development Fund.

Therefore, primary account holders or their legal heirs from these former entities must contact a branch office within fifteen days with supporting legal proof to claim their balances.

Summary of Key Instructions for Shareholders and Customers

The comprehensive notice serves as an important call to action for both equity investors and long-term depositors of Shangri-la Development Bank Limited.

Key actions required for affected individuals include:

• First, shareholders with unclaimed cash dividends pending for five years or more must approach NIMB Ace Capital Limited in Naxal, Kathmandu, with original identity documents and bank account details.
• Second, deposit customers with accounts inactive for ten years or more must present updated Know Your Customer forms and valid identification at the nearest branch within fifteen days.
• Third, customers or legal heirs associated with former Kasthamandap Development Bank and Bagmati Development Bank whose accounts have been dormant for twenty years must submit legal claim documents immediately.

By taking prompt action, shareholders and depositors can successfully claim their financial entitlements and ensure their account records remain fully compliant with current regulatory standards.

For More: Shangri-la Bank Dividend Claim