How to claim shares after an account holder's death?

According to SEBI regulations, you must first notify the broker about an account holder's death before you can claim their shares and funds. The claim process depends on your relationship to the deceased and the value of their holdings.

Notification process

SEBI guidelines require brokers to report deceased account holder details to KYC Registration Agencies (KRAs). Send these documents to Zerodha:

• Annexure 1 (PDF)
• Death certificate (original, notarised, or online)
• PAN or valid ID proof of the deceased, attested by the notifier
• Self-attested PAN or valid ID proof of the notifier

Any individual can notify, including a nominee, a joint holder, a successor, a legal heir, an applicant, or a claimant.

If the mobile number is linked to Aadhaar

1. Fill out Annexure 1 (PDF).
2. eSign the document.
3. Create a ticket and send it with the required documents.

If the mobile number is not linked to Aadhaar

Courier all documents to:

Zerodha Customer Support Centre
192A 4th Floor,
Kalyani Vista, 3rd Main Road,
JP Nagar 4th Phase,
Bengaluru, 560076

To notify and claim process

The procedure to notify and/or claim shares and funds depends on the specific situation:

• If the deceased's account has no holdings and funds
• If the deceased was a joint account holder
• If the account holder appointed a nominee
• If the account holder did not add a nominee but has holdings:
  • Holdings and funds value equal to or less than ₹15 lakhs
  • Holdings and funds value more than ₹15 lakhs

Once the transmission process is completed, the price of the shares must be manually updated on Console.