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How to dematerialise physical shares inherited from a deceased person?

As per SEBI (WEB), if clients have not updated their KYC with their respective Registrar and Transfer Agents (RTA), their folios will be frozen from 1st October 2023, and they will not be able to dematerialise their physical shares. Clients are requested to contact their RTAs if their KYC is not updated. To learn more about RTAs, see What are Registrar and Transfer agents (RTA)?

The name in the company records needs to be changed to dematerialise physical shares inherited from a deceased person. The Registrar and Transfer Agency (RTA) should be contacted to update the name as per the inheritor’s demat account. To learn how to dematerialise, see How to convert physical share certificates into demat form?

To contact the RTA, follow these steps:

If a joint holder of a share passes away, the surviving holder(s) can get the physical shares dematerialised in their demat account with Zerodha by submitting the following documents: