Transmission of FDs, Bank & Demat Accounts
When a bank account holder passes away, their FDs, Savings Accounts, and Demat holdings must be legally transferred to their nominee or heir. This inheritance process is known as Transmission.
When a bank account holder or investor passes away, their Fixed Deposits (FDs), Savings/Current Accounts, and Demat Account holdings must be legally transferred to their nominee or legal heir. This inheritance process is known as Transmission.
Types of Cases in Transmission
1. To Nominee
Only basic documents are required. Assets include bank balances, FDs, and Demat holdings.
2. To Joint Holder
Surviving holder becomes primary owner. This is the fastest transmission method.
3. To Legal Heirs
If no nominee exists, heirs must submit Succession/Legal Heir Certificate, NOCs, and Affidavits.
Required Documents
- Death certificate (notarized)
- PAN & Aadhaar of claimant
- Transmission Request Form
- CML for Demat accounts
How Shares Recovery Expert Helps: We provide end-to-end support for FDs, Bank Accounts, Demat Accounts, and Lockers, including all legal heir documentation.
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Transmission of FDs, Bank & Demat Accounts