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Your Zerodha Account

How can shares be claimed if a nominee was not appointed and the funds and holdings are worth less than ₹15 lakhs?

Clients must provide certain documents before proceeding with the steps mentioned below. To learn the documents required, see What is the process to claim shares and funds after the death of a Zerodha account holder?

  • Transmission Form 7.1 (PDF).
  • Death certificate of the deceased holder. Original/ notarised/attested by a gazetted officer.
  • Self-attested copy of the PAN of the successor/legal heir/applicant/deponent/claimant.
  • CMR hard copy of the successor/legal heir/applicant/deponent/claimant with the DP seal and signature. If the account is with Zerodha, then a CMR is not required.
  • Bond of Indemnity (BOI) (PDF) from the applicant on stamp paper.
  • NOC (PDF) from all the non-applicants or a notarised family settlement deed that includes all the legal heirs. NOC is not required if an individual person claims to be a successor through BOI.

The BOI and NOC must be provided on stamp paper. The value of the stamp depends upon the number of legal heirs, the holdings value and the funds in the deceased’s account. They are as follows:

Holding  Value (in lakhs) Single legal heir
Multiple legal heirs
₹ BOI NOC BOI NOC
0-5 ₹500 N/A ₹250 ₹250
5-10 ₹1,000 N/A ₹500 ₹500
10-15 ₹1,500 N/A ₹750 ₹750

Courier the documents to:

Zerodha,
153/154, 4th Cross, J.P Nagar 4th Phase,
Opp. Clarence Public School,
Bengaluru - 560078

Did you know?

  • 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 CDSL demat accounts.
  • If available on the government portal, a photocopy or soft copy of the digital death certificate will be considered.
  • A photocopy of the death certificate can be considered if it is available on the government website. Clients can share the government 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 CMR and death certificate. If not, submit a name mismatch notarised affidavit.
  • The successor/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.

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