If the deceased BO (sole holder) has not appointed a nominee and Holding value not 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 Request Form [Part I] duly signed by Successor. Format attached here
c) Original OR Copy of the death certificate of the deceased holder (s) duly notarized.
d) Letter of Indemnity executed by the applicant(s) on nonjudicial stamp paper of Rs 500/-duly notarized .Format attached here
e) Affidavit from the applicant executed on non-judicial stamp paper of Rs 100/- duly notarized .Format attached here
f) DPM Generated Client Master Report of Successor demat account duly DP Stamp and Sign.
h) No Objection Statement(s) from all legal heir(s) (Format as per Transmission Request Form [Part II]). Format attached here
i) Photo id proof and Address Proof of Successor duly self-attested and verified by branch
j) Declaration Letter 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
k) Ration Card copy or other proof required for confirmation of family member relationship
l) Require cancelled cheque with IFSC code and pre-printed name of the claimant / Nominee for fund payout.
m) 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 the concern website and attached the print Screen.