If the deceased’s account has holdings and funds worth less than ₹30 lakhs, the following documents must be submitted by the claimant/s to notify and claim the holdings and funds:
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Notifier form
(PDF).
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Transmission Request Form (TRF)
(PDF).
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Hard copy of the
Client Master Report (CMR)
of the claimant/s with DP seal and signature, or a soft copy of the digitally signed CMR. A CMR is not required if the claimant has an account with Zerodha.
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Death certificate of the deceased holder (original/ notarised/ with a verifiable QR code)
- Bond of Indemnity (BOI) (PDF) from the claimant on stamp paper. The claimant is the first party, and Zerodha Broking Ltd is the second party.
- Affidavit-cum-No Objection Certificate (NOC) (PDF) to be submitted by the claimant and non-claimant on stamp paper (the claimant is the first party, and Zerodha Broking Ltd is the second party), or a family settlement deed.
- Self-attested PAN of the claimant(s).
All pages of the BOI and the Affidavit-cum-NOC must be signed by a Notary public or JMFC on non-judicial stamp paper. The value of the stamp paper depends on which state the claimant resides in, like Karnataka or Maharashtra, and the current holding value of the deceased's account.
Courier the documents to:
Zerodha Customer Support Centre
#192A, 4th Floor, Kalyani Vista
3rd Main Road, JP Nagar 4th Phase
Bengaluru 560076
Things to keep in mind
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There are no charges for the transmission process.
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Once Zerodha receives the valid documents, the transmission process will be completed within 21 working days.
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Lock-in shares and SGBs will only be moved to the claimant's CDSL demat account.
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Zerodha fetches the KYC of clients as per SEBI requirements.
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The credit fund balance of the deceased will be transferred to the claimant’s bank account mentioned in the CMR. If you wish to claim the funds to a bank account other than the one in the CMR, you can provide additional bank proof.
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The deceased's name must match the name on the CMR and the death certificate. If there is a mismatch, the claimant/s must submit a notarised name-mismatch affidavit.
- The claimant's name must match their name on the Client Master Report (CMR). If there is any mismatch, you must submit a notarised name-mismatch affidavit.
- If the claimant is a minor, they must be represented by their natural guardian (father or mother). You must submit a Guardian Relationship Affidavit along with the minor's birth certificate. In the case of a legal guardian, a valid court order must be submitted. The guardian must sign the documents on behalf of the minor.
- If the claimant does not have a demat account, they can open the account with Zerodha by visiting signup.zerodha.com.