Please read this article that explains the documents to be given before proceeding with the steps mentioned below.

When the account holder passes away and a nominee is not appointed, there are two scenarios that the successor has to consider.

A. If the holdings and funds value is equal to or less than Rs. 5 lakhs.

If the holdings and funds value is equal to or less than Rs 5 lakhs, then the successor has to send the following forms to our head office.

1. Transmission Request Form duly filled in – Annexure 7.1 (TRF)
2. Original or copy of the death certificate of the deceased holder duly notarized/attested by a Gazetted Officer
3. Client Master Report(s)(CMR) with DP seal and signature (of the DEMAT account of the successor/applicant), in case the successor has a DEMAT account in individual capacity with another DP of CDSL. If the successor(s) has/have a Demat account with Zerodha, then the CMR is not required.
4. Any one of the following documents:

(a) Letter of Indemnity executed by the applicant(s) on non-judicial stamp paper of appropriate value, duly notarized (Annexure – 7.3)

(b) An Affidavit from the applicant executed on non-judicial stamp paper of appropriate value and notarized (Annexure 7.5)

(c) A copy of Family Settlement Deed duly notarised or attested by a Gazetted Officer and executed by all the legal heirs of the deceased BO provided that:

The Family Settlement Deed clearly vests the securities in favour of the person seeking transmission in his/her name.

(d) Vesting of securities in favour of the person seeking transmission in his/her name is not contingent upon any other onerous conditions in such Family Settlement Deed.

5. Successor/s ID proof.

6. Successor/s cancelled cheque or bank statement.

The Family Settlement Deed is considered as a NOC if the division of shares as per the deed is amongst more than one legal heir.

Note: If a Successor doesn’t have an account, you can open one instantly online. You can open an account here . If you need any help with the account opening, you can get in touch with us on 080 47192020 / 080 71175337

B. If the holdings and funds value is more than Rs. 5 lakhs.

If the holdings and funds value is more than Rs. 5 lakhs, then the successor has to send the following forms to our head office.

1. Transmission Request Form duly filled in – Annexure 7.1 (TRF)
2. Original or copy of the death certificate of the deceased holder duly notarized/attested by a Gazetted Officer.
3. Client Master Report(s) with DP seal and signature (of the DEMAT account of the successor/applicant), in case the successor has a DEMAT account in individual capacity with another DP of CDSL. If the successor(s) has/have a Demat account with Zerodha, then the CMR is not required.
4. Any one of the following:

(a) A Succession Certificate

(b) A Letter of Administration

(c) A Probate of the will of the deceased (All of these can be obtained at district courts)

5. Successor/s ID proof.

6. Successor/s cancelled cheque or bank statement.

If a Successor doesn’t have an account, you can open one instantly online. You can open an account here . If you need any help with the account opening, you can get in touch with us on 080 47192020 / 080 71175337

Note:

1. If there isn’t sufficient space in the TRF form or if there are multiple nominees/successors - you can attach an annexure of transmission .
   
2. In the Affidavit and letter of Indemnity, all the mentioned successors have to sign.
3. Stamp paper value for up to 2 lakhs holdings is Rs 200/-, for holdings worth 2lakhs to 5 lakhs holdings is Rs 500/-.
4. The transmission process takes 15 days to complete.
5. Lock-in shares will be moved to the nominee/successors CDSL Demat accounts only.

The forms have to be sent to Zerodha head office at

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

The forms can be sent via post, registered post, speed post or courier.