What happens to a demat account after the account holder's death?

What happens to a demat account at Jainam after the account holder's death?

  • If a nominee(s) has been appointed by the account holder before the death, then the nominee(s) is entitled to receive 100% ownership on the holdings. The holdinds will be divided between multiple nominees as per the account holder's preference.
  • The nominee can transfer the shares to his/her Demat account through transmission by providing necessary documents as follows:
    1. Account closure Form (PDF)
    2. Transmission request form (PDF)
    3. PAN of the successor/legal heir/applicant/deponent/claimant (Self-attested copy).
    4. Death certificate of the deceased holder (original/notarized/attested by a gazetted officer).
    5. CMR hard copy of the successor/legal heir/applicant/deponent/claimant. (if DP is other than Jainam than with the DP seal and signature.)
  • Courier the documents to;
    Jainam House
    New Passport Office Road,
    Kargil Chowk, Piplod,
    Surat-395007
  • 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 account. To know more, see, What is the procedure for transmission of shares after the death of account holder if there is a nominee appointed by the deceased?

    RELATED FACTS:
  • The transmission process will be completed within 7 days after receiving all relevant documents. Transmission will be done in only that demat account of the nominee where is a single holder.
  • Nomination added after the death of the account holder is not valid.
  • If the nominee is a minor then, should also provide a copy of birth certificate of the minor and a guardian certificate to consider the guardian's signature in the form.