• The nominated person(s) are entitled to receive 100% of the account's ownership. The share percentage can be divided between multiple nominees as per the account holder's preference.
• If the account holder passes away, the nominee can transfer the shares to the Demat account through a transmission process.
• The nominee must open a new account as a single holder and provide the necessary documentation for the transfer.
• The nominee needs the death certificate, transmission cum closure form, CMR copy of the account, and a form with the CDSL or NSDL logo.
• By following the required steps diligently, including providing all necessary documents and ensuring the accurate transfer of shares, the nominee can smoothly transition the shares to their new account. To know more see, Can all rights of the account holder transfer to the nominee after the account holder's death?

RELATED FACTS:

The shares need to be physically transferred to the nominee's new account after closing the demised account.

The share percentage will be divided as per the account holder's selection.

The nominee is only able to transfer ownership of the account to their name.