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

To notify and claim the shares if a nominee was not appointed and the funds and holdings are worth less than ₹15 lakhs, submit the following documents:

  • Annexure 1 (PDF).
  • 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.
  • A personalised cancelled cheque or a bank statement/passbook not older than 3 months successor(s)/Legal heirs(s). (Only applicable if the deceased bank account has a positive balance)
  • 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. The successor/legal heir/applicant/deponent/claimant is the 1st party and Zerodha Broking LTD would be the 2nd party.
  • 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 non-applicants are the 1st party, and Zerodha Broking LTD would be the 2nd party.

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
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:

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.
  • Zerodha fetches the KYC of the clients as per SEBI's requirements.
  • 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.