What is the procedure for a death claim if the deceased account has no holdings and funds?

What is the procedure for a death claim if the deceased account has no holdings and funds?

As the deceased account has no holdings so there will be no transmission of securities. As there are no funds in the trading account so there will be no procedure related to transfer of funds and only the account of the deceased needs to be closed.

  • The following documents must be submitted by the successor or the nominee for a death claim if the deceased’s account has no holdings and funds:
    1. Account closure form (PDF)
    2. Death certificate of the deceased holder original/ notarised/ attested by a gazetted officer.
    3. Self-attested copy of the PAN of the successor or the nominee.
  • Courier the documents to:
    Jainam House
    New Passport Office Road,
    Kargil Chowk, Piplod,
    Surat-395007