What is the procedure in case of death of one or more holder(s) in case of a joint holders account?

• A new Demat account in the name of the Surviving Holder(s), with same name and sequence, has to be opened (If not already opened).

If the Surviving Holder(s), already has an account, the nominee in that account should not be the deceased holders, if so, nominee needs to be changed.

• The Ledger balances in all the segments of clients’ account should be zero.
• There should be no shares in collateral or debit stock.
• Send Account Transmission-cum-Closure Form  along with below mentioned documents:

1. Client Master Report (CMR) of the Surviving holder(s)’s Demat account, duly stamped & signed by his/her/their DP.

2. Original or Notarized copy of the Death certificate of the deceased holder(s).

The Notary’s stamp should be clearly visible.

3. Latest Holding statement duly signed by the Surviving holder(s).
4. PAN copy(s) of the Surviving holder(s), duly signed.

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