- The following documents must be submitted by the successor or the nominee for a death claim if there is no holding in the deceased’s demat account:
- Duly filled Notifier form
- Account closure form (PDF)
- The death certificate of the deceased holder is notarized/attested by a gazetted officer.
- Self-attested copy of the PAN of the successor or the nominee.
- Self-attested copy of the claimant's Aadhar card, passport, driving license, or election card.
- Self-attested copy of Aadhar card, passport, driving license, or election card.
- Courier the documents to
Jainam House
New Passport Office Road,
Kargil Chowk, Piplod,
Surat-395007 - The procedure of transferring the funds: As the deceased client has some funds in his trading account, the procedure related to the transfer of those funds will be completed prior to the closure of his demat account. If the deceased has
- Credit Balance: -
- If the client has a nominee in the trading account, then the funds will be transferred to the successor or nominee’s bank account mentioned in the CMR. A personalized cancelled cheque or a bank statement/passbook not older than 3 months should be given by the successor(s)/legal heirs if the deceased has a credit balance.
- If there is no nominee appointed in the trading account: If there are no securities in the demat account as of the date of the death of the client but there is a credit balance in his trading account, then, in such cases, documents related to the family tree can be requested by Jainam's team to ascertain the true successor of the client.
- Debit balance: If the deceased's trading account has a debit balance, then such a debit (negative) balance needs to be paid to Jainam by the claimant before the transmission process. The successor/nominee/claimant must provide a DD (Demand Draft) in the name of Jainam Broking Ltd.
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