Updates

July 3 , 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th floor, Dalal Street, Plot No. C/1, G Block, Mumbai 400 001 Bandra -Kurla Complex, Bandra (East), Mumbai 400 051 Dear Sir/Madam, Sub: Intimation on Tax Deduction at Source (TDS)/Withholding Tax on Dividend for FY 202 5-26 The Bank has sent enclosed email communication on July 2, 202 6 to the shareholders whose email addresses are registered with the Bank/Depositories regarding tax deduction at source (TDS)/withholding tax on dividend for FY 202 5-26. This is for your information and records. Yours sincerely, For ICICI Bank Limited Prashant Mistry Associate Leadership Team Encl: as above ICICI BANK LIMITED CIN: L65190GJ1994PLC021012 Registered Office: ICICI Bank Tower, Near Chakli Circle, Old Padra Road, Vadodara 390 007, Gujarat Phone: 0265 6722239 Corporate Office: ICICI Bank Towers, Bandra -Kurla Complex, Mumbai 400 051, Maharashtra Phone: +91 -22 4008 8900 Website: www.icici.bank.in , Email: companysecretary@icici.bank.in July 2, 202 6 Ref: Folio / DP Id & Client Id No: Name of the Shareholder: Dear Shareholder, We are pleased to inform you that the Board of Directors of ICICI Bank Limited ("the Bank") at their Meeting held on April 1 8, 202 6 have considered and recommended payment of final dividend of ₹ 1 2 per equity share ( 600%) of face value of ₹ 2 each for the financial year ended March 31, 2026 . The dividend, as recommended by the Board, if approved at the 32nd Annual General Meeting scheduled to be held on August 21, 202 6, will be paid to those shareholders, holding equity shares in physical form, whose names appear in the Register of Members of the Bank and in respect of equity shares held in dematerialised form to all beneficial owners as per the details furnished by the Depositories as on the Record date i.e. as on the close of August 3, 2026 . As per the prevailing provisions under the Income -tax Act, 2025 ("the Act"), dividend paid or distributed by the Company is taxable in the hands of the shareholders. The Bank shall therefore be required to deduct tax at source ( “TDS ”) under Section 393(1) [Table: S. No.7] of the Act or Section 393(2)[ Table: S.No .17] of the Act at the prescribed rates at the time of making payment of the said dividend to shareholders. The TDS rate would vary depending on the residential status of the shareholder and the documents submitted by them and accepted by the Bank. Further, higher rate of TDS would be applicable , if pursuant to Section 397(2) of the Act valid permanent account number (“PAN ”) has not been provided by the shareholder or pursuant to Section 262 of the Act where PAN is inoperative due to non -linking with Aadhaar. Accordingly, the final dividend will be paid by the Bank after deducting tax at source, as applicable and as explained herein : A. Resident Shareholders 1. For Resident Shareholders, TDS will be applicable at 10% on the amount of dividend. In case valid PAN is not provided or PAN -Aadhaar is not linked, then the TDS will be applicable at 20% of the amount of dividend. Accordingly, shareholders who have not provided their PAN are requested to provide the same to the Bank or KFin Technologies Limited ("KFin Technologies"), Registrar to an Issue and Share Transfer Agent ("R & T Agent") for equity shares of the Bank (in respect of shares held in physical form) or to the Depository Participant (in respect of shares held in dematerialised form) immediately. Further, shareholders who have not linked their PAN wit h Aadhaar are requested to get it linked . No tax shall be deducted on the dividend payable if either of the below two conditions are fulfilled: • Total dividend payable to a Resident individual shareholder does not exceed ₹ 10,000 per year. • The shareholder has provided duly filled and signed Form 121 [earlier Form 15G/15H] (applicable to any Person other than a company or a Firm) for tax year 202 6-27 with valid PAN and provided that all the required eligibility conditions are met. 2. The following Tax Resident Shareholders should be eligible for nil/lower rate of TDS upon providing the documents to the Bank mentioned hereunder to the satisfaction of the Bank: Applicable Sr. No Particulars Documents Required Rate of TDS a. Insurance Nil • Declaration that it is an Insurance Companies company as specified under Section 393(4) [Table : S.No. 10] of the Act (format of declaration - Annexure 1 ) • Self-attested copy of certificate of registration with IRDAI • Self-attested copy of PAN card b. Government, Nil • Declaration that it is covered by Reserve Bank Section 393(5) of the Act read with the of India Circulars issued thereunder (format of (“RBI ”), declaration - Annexure 1 ) Specified Corporations • Self-attested copy of relevant established by registration documents or under Central Act • Self-attested copy of PAN card whose income is exempt from tax under that Act, and Mutual Funds specified under Schedule VII [Table : S.No.2 0 & 21] of the c. Category - I & Nil • Declaration that its income is exempt II Alternative under Schedule V [Table: S.No. 1] of Investment the Act and they are governed by SEBI Funds (AIF) regulations as Category I or Category registered with II AIF (format of declaration the Securities - Annexure 1 ) and Exchange Board of India • Self-attested copy of SEBI AIF (“SEBI ”) registration certificate • Self-attested copy of PAN card d. Shareholders Nil rate of TDS • Declaration that it is covered by CBDT exempted from Circular or Notification (format of TDS provisions declaration - Annexure 1 ) in terms of any provisions of • Documentary evidence supporting the the Act or exemption status in terms of any CBDT Circular provisions of the Act or CBDT Circular or Notification or Notification • Self-attested copy of PAN card e. All Resident Rate specified • Self-attested copy of certificate under Shareholders in the lower or Section 395(1) of the Act nil deduction certificate • Please note the TAN of ICICI Bank issued by the Limited to be mentioned in the lower Income Tax deduction certificate as MUMI16212A department B. Non -Resident Shareholders 1. For Non -resident shareholder being Depositary for American Depository Receipt (“ADR ”), TDS will be applicable under Section 393(2)[Table: S.No. 13] of the Act at 10% on the amount of dividend payable. 2. For Non -resident institutional shareholders being Foreign Institutional Investor/ Foreign Portfolio Investor ( “FII/FPI ”), TDS will be applicable under Section 393(2) [Table: S.No.15] of the Act, at 20% or as per the rate in any applicable Double Tax Avoidance Agreement (tax treaty) on submission of documents mentioned below, whichever is lower, on the amount of dividend payable. 3. For other Non -resident shareholders, TDS will be applicable in accordance with the provisions of Section 393(2)[Table: S.No.17] of the Act, at the rates in force which is currently 20% or as per the rate in any applicable tax treaty on submission of documents mentioned below, whichever is lower, on the amount of dividend payable. 4. If certificate under Section 395 of the Act is obtained by Non -resident shareholders for lower/Nil withholding of taxes, rate specified in the said certificate shall be considered based on submission of self -attested copy of the same. Please note the TAN of ICICI Bank Limited to be mentio ned in the lower deduction certificate as MUMI16212A. Pursuant to Section 159 (4)(a) of the Act, Non -resident shareholders (other than Depositary for ADRs) have the option to avail the benefit of tax treaty between India and the countries of their tax residence for which such Non -resident shareholders will have to provide the following do cuments, to the satisfaction of the Bank: 1. Self-attested copy of PAN card allotted by the Indian Income Tax authorities; if PAN is not allotted, please submit self -declaration. 2. Self-attested copy of Tax Residency Certificate ( “TRC ”) (for tax year 20 [Showing first 8,000 characters — download PDF for full document]