Payable date and pay date refer to the same event—the date on which declared dividends are disbursed to shareholders who were on the company's register as of the record date. The terms are used interchangeably in financial reporting and company announcements. In India, dividends can be paid through direct credit (NEFT/RTGS) to shareholders' registered bank accounts or, in the case of older physical-format shareholding, through dividend warrants. Investors should ensure their bank account details are correctly updated with their depository participant (DP) to receive dividend credits without delay on the payable date.
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