If the deceased BO (sole holder) has not appointed a nominee and Holding value exceeded Rs 500000, then the Successor(s) claiming title to the securities of the deceased BO (sole holder), must submit the following documents
A) Account Closure Form duly sign by Successor. Format attached here
B) Transmission Form duly sign by Successor. Format attached here
C) Original OR Copy of the death certificate of the deceased holder (s) duly notarized.
D) DPM Generated Client Master Report (of the demat account of the Successor) duly stamp and sign of DP, Successor shall be the sole holder of the account.
E) Declaration Letter 1. Format attached here
F) Photo id proof and Address Proof of Successor duly self-attested and in person verify by branch
G) and any one of the following:
1. A Succession Certificate, OR
2. A Letter of Administration, OR
3. A Probate of the will of the deceased.
H) Debit Balance should be cleared by Surviving Holders If debit balance in account. Keep photo copy of all documents for reference.
i) Declaration Letter 2 in case Transaction done in account after death of holder along with DP Transaction Statement from date of Death to till date duly self-attested by Successor. Format attached here
j) Require cancelled cheque with IFSC code and pre-printed name of the claimant / Nominee for fund payout.
k) Annexure for Details of Securities. Format attached here
Note 1 - In case name mismatched of Death holder (in Demat Records and Death Certificate ) or /Nominee/Joint holder/ claimant then provide the Affidavit on Rs. 100/- stamp paper for name confirmation with mentioned all mismatched names.
Note 2 - If Claimant has provided the Digital Death Certificate copy then RM/Branch has to verify from the concern website and attach the print Screen.