How Can a Nominee Claim Shares After the Death of the Account Holder?
If an FYERS account holder passes away, the registered nominee or legal heir can claim securities and funds through a process called transmission. This ensures holdings are transferred legally and securely to the rightful successor.
Steps to claim shares
Download and fill out the required forms:
Provide account details in the form:
- Name, DP ID, and Client ID of the deceased (refer here to find BO ID).
- Name, DP ID, and Client ID of the nominee/successor.
- Signature of the nominee/legal heir under the First/Sole Holder section.
Attach the following supporting documents:
- Original or notarized/attested copy of the death certificate
- PAN or valid ID proof of the deceased (attested)
- Self-attested PAN of the nominee/successor
- Cancelled cheque or recent bank statement/passbook (not older than 3 months) of nominee/successor
- CMR (Client Master Report) of nominee with DP seal and signature (not required if nominee already has an account with FYERS)
- Courier the completed form and documents to:
FYERS Securities Pvt. Ltd.
901-902, 9th Floor, A-Wing Brigade Magnum,
Amruthahalli Kodigehalli Gate,
Hebbal, Bangalore – 560092
Verification and processing
Additional points
- Lock-in shares will only be moved to the nominee’s or successor’s demat account.
- Credit balance in the deceased’s account will be transferred to the nominee’s/successor’s bank account as per CMR.
- If there is a debit balance, the nominee/legal heir must clear dues via cheque in favor of FYERS Securities Pvt. Ltd.
- For any name mismatch (between account records, nominee details, or death certificate), a notarized affidavit on stamp paper is required.
- If the nominee/legal heir is a minor, provide a guardian certificate. This is not required if the minor already has a FYERS account with guardian details.
- Nominees or legal heirs can claim shares after death of the account holder only once all valid documents are received and verified.
Ensure all submitted documents are attested and valid. Incomplete or mismatched records will delay transmission of shares.
What if...
| Scenario | Outcome |
|---|
| Nominee not registered | Legal heirs must provide a succession certificate, probate of will, or court order for transmission. |
| Documents are incomplete | The request will be put on hold. You must resubmit missing/valid documents. |
| Nominee is a minor | Guardian certificate must be submitted unless minor already has a FYERS account with guardian details. |
| Name mismatch in documents | Provide a notarized affidavit on stamp paper to reconcile discrepancies. |
| Need help during process | Contact our support for guidance. |
Transmission of shares and funds usually takes a few working days once all documents are verified and approved by FYERS and the depository.
Last updated: 18 Sep 2025
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