How can a nominee claim shares after the account holder's death?
The nominee must submit the following documents for a death claim:
- Transmission Form 7.1 (PDF).
- Death certificate of the deceased holder original/ notarized/attested by a gazetted officer.
- Self-attested PAN copy of the nominee(s).
- CMR hard copy of the nominee(s) with DP seal and signature. If the nominee has an account with Zerodha, then a CMR is not required.
Courier the documents to:
153/154, 4th Cross, J.P Nagar 4th Phase,
Opp. Clarence Public School,
Bengaluru - 560078
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Once Zerodha receives the valid documents, the transmission process will be completed within 7 days.
Lock-in shares will only be moved to the successor or the nominee’s CDSL demat accounts.
- A photocopy of the death certificate can be considered if it is available on the government website. Clients can share the government website link where the death certificate can be viewed or downloaded by creating a ticket.
The credit fund balance of the deceased will be transferred to the successor or nominee’s bank account mentioned in the CMR.
- If the deceased has a debit balance, the successor/nominee must provide a cheque in the name of Zerodha Broking Ltd.
- The deceased name should match the CMR and death certificate. If not, submit a name mismatch notarised affidavit.
- The nominee's name should match the CMR. If not, submit the Name mismatch notarised affidavit.
- If the nominee/successor/legal heir is a minor, provide a guardian certificate to consider the guardian's signature in the form. A guardian certificate is not required if a minor has an account with Zerodha.