Bonus shares are credited by the company within one month from the record date to the demat account of the customer. Customers are eligible for above corporate action if they hold shares of the company before the expiry date declared by the company.
How long does it take to credit bonus shares?
For Bonus shares to be credited to your DEMAT account it generally takes 15 days from the record date, but this depends on the RTA (Registrar & Share Transfer Agents). You will receive a notification from CDSL as below when your bonus shares get credited to your DEMAT.
When bonus share is issued which account is credited?
Unlike stock splits where the shares with new face value are credited immediately, in case of a bonus issue of shares, the bonus shares are credited in your trading account/Demat account after a few days (usually 15 days) and not immediately after the ex-bonus date.