How Can a Nominee Claim Shares After the Death of the Account Holder?

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 the securities and funds by following the transmission process. This ensures that holdings are transferred legally and securely to the rightful successor.

Steps to Claim Shares

  1. Download and fill out the required forms:
  2. 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.
  3. 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)
  4. 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

  • FYERS verifies the death certificate within one working day of receipt.
  • After verification, FYERS will:
    • Submit a KYC modification request to the KRA marking the investor as deceased.
    • Block all debit transactions in the deceased account.
    • Inform the nominee within 5 working days about the transmission procedure and required documents.

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.
Ensure all submitted documents are attested and valid. Incomplete or mismatched records will delay transmission of shares.

What if...

ScenarioOutcome
Nominee not registeredLegal heirs must provide a succession certificate, probate of will, or court order for transmission.
Documents are incompleteThe request will be put on hold. You must resubmit missing/valid documents.
Nominee is a minorGuardian certificate must be submitted unless minor already has a FYERS account with guardian details.
Name mismatch in documentsProvide a notarized affidavit on stamp paper to reconcile discrepancies.
Need help during processContact 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: 27 Aug 2025

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