For Single Holder Account – It is transfer of holdings from the deceased Beneficiary Owner’s (BO) account to his/her nominee/successor/Legal heir’s account and subsequent closure of account of the deceased BO.
For Joint Holders Account – It is transfer of holdings to the Demat account which is in the name of surviving holder(s)’s which can be either existing or opened newly.
Happy with the solution or Did not find what you were looking for?
Write to us faqfeedback@motilaloswal.com
Motilal Oswal Securities Limited © 2014