WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       The Securities Exchange Act of 1934

        Date of Report (Date of earliest event reported): July 16, 2003

                          GREENE COUNTY BANCORP, INC.
             (Exact name of registrant as specified in its charter)

           Federal                      0-25165                   14-1809721
----------------------------      ---------------------      -------------------
(State or other jurisdiction      (Commission File No.)         (IRS Employer
      of incorporation)                                      Identification No.)

302 Main Street, Catskill NY                                             12414
----------------------------------------                              ----------
(Address of principal executive offices)                              (Zip Code)

Registrant's telephone number, including area code:  (518) 943-2600

                                 Not Applicable
          (Former name or former address, if changed since last report)

Item 7.           Financial Statements and Exhibits.

(a) Not Applicable.

(b) Not Applicable.

(c) Exhibits.

                  Exhibit No.           Description
                  -----------           -----------

                      99                Press release dated July 16, 2003

Item 9.           Regulation FD Disclosure.

     The following information is furnished pursuant to this Item 9 and in
satisfaction of Item 12, "Disclosure of Results of Operations and Financial

     On July 16, 2003, Greene County Bancorp, Inc. (the "Company") announced the
declaration of its next semi-annual cash dividend. A copy of the press release
dated July 16, 2003, giving details associated with the dividend is attached as
Exhibit 99 to this report.


     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.

                                      GREENE COUNTY BANCORP, INC.

DATE:  July 16, 2003                  By:  /s/ J. Bruce Whittaker
                                           J. Bruce Whittaker
                                           President and Chief Executive Officer

                                   EXHIBIT 99

July 16, 2003
Contact: Michelle Plummer, CPA
Chief Financial Officer
518.943.2600      Ext 2007

               Greene County Bancorp, Inc. Increases Cash Dividend

Catskill,  NY - July  16,  2003.  - J.  Bruce  Whittaker,  President  and  Chief
Executive  Officer  of  Greene  County  Bancorp,  Inc.  (NASDAQ  - GCBC),  today
announced that the Company has declared a semi-annual  cash dividend of $.36 per
share of the Company's  common stock.  The dividend  represents a 5.88% increase
from the prior dividend rate of $.34 per share.  The dividend will be payable to
stock-holders  of record as of August 15, 2003, and will be payable on September
1, 2003.

The Company is the  majority-owned  subsidiary of Greene County Bancorp,  MHC, a
federal  mutual  holding  company,  which  owns 56.5  percent  of the  Company's
outstanding shares.  Greene County Bancorp, MHC will file a regulatory notice of
its  intention  to waive the  receipt  of  dividends  paid on its  shares of the

Greene County  Bancorp,  Inc. is the parent  corporation  for The Bank of Greene
county, A New  York-chartered  savings bank  headquartered in Catskill,  NY. The
Bank  operates  six  full  service  offices  in  Catskill,   Cairo,   Coxsackie,
Greenville, Tannersville and Westerlo, NY.