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What is the procedure for transmission to nominee in case of the death of the account holder?

April 26, 2017account Case death nominee procedure transmission

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What is the procedure for transmission to nominee in case of the death of the account holder?

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In case of the death of the sole holder or all the joint holders, the nominee must submit a duly filled-in transmission form and give the notarised copy of death certificate and an affidavit in the prescribed format. After verifying these documents, the DP will transmit the securities to the account of the nominee. VI.