What is the procedure to claim funds and securities, after the death of a Geojit client?

To claim the funds and securities of a deceased Geojit client, documents are required based on the account type (single/ joint) and nomination status (present/ absent):

In the case of a joint account with surviving holders, all balances are transferred to them irrespective of the nomination made. For this they must:

Sl No.	Requirements
1.	Open a new joint demat account in the surviving holder(s) name(s). If they have a joint demat account with another broker, a signed DP Client Master List (with the broker seal) can be submitted to transfer balances to that account.
2.	Clear AMC and dues (if any).
3.	Submit the following documents: i. Transmission Form- NSDL / CDSL ii. Self-attested copy of PAN iii. A copy of the Death Certificate, attested by a Notary Public or Gazetted Officer iv. Holding Statement signed by the claimants (surviving holders)

If it is a single holder account or a joint account with no surviving holders, all balances are transferred to the nominees in the assigned proportion:

Sl No.	Requirements
1.	Open new individual demat account(s) in the nominee(s) name(s). If they have a demat account with another broker, a signed DP Client Master List (with the broker seal) of each nominee can be submitted to transfer balances to that account.
2.	Clear AMC and dues (if any).
3.	Submit the following documents: i. Transmission Form: NSDL / CDSL ii. Self-attested copy of PAN iii. A copy of the death certificate, attested by a Notary Public or Gazetted Officer iv. Holding Statement signed by the claimants (nominees)

In case there are no surviving holders or nominees, all balances are transferred to the deceased client's legal heirs.

The legal heirs are required to:

Open new individual demat account(s) in the legal heir(s) name(s). If they have a demat account with another broker, a signed DP Client Master List (with the broker seal) of each legal heir can be submitted to transfer balances to that account.
Clear AMC and dues (if any).
Submit the following documents:

Sl No.Requirements 
1.Transmission Form: NSDL / CDSL
2.Self-attested copy of PAN
3.A copy of the death certificate, attested by a Notary Public or Gazetted Officer
4.Holding Statement signed by the claimants 
5.Notarized Affidavit from all claimants made on non-judicial stamp paper of appropriate value on identity and claim of ownership.

In case the claimants are named in the Succession Certificate / Probate of Will / Will / Letter of Administration / Legal Heirship Certificate (or its equivalent), an Affidavit from such claimants, duly notarised shall be sufficient.
6.Copy of any of the following*:

a. Succession Certificate; or
b. Probate of Will; or
c. Will plus a notarized indemnity bond from the claimants to whom the securities are transmitted; or
d. Letter of Administration; or 
e. Court Decree; or 
f. Legal Heirship Certificate or equivalent plus
   i. Notarized indemnity bond from the claimants; and 
   ii. No Objection Certificate from all non-claimants (remaining legal heirs), duly attested by a Notary Public or Gazetted Officer

* The document must be attested by the claimants (subject to verification with the original) or by a Notary Public or Gazetted Officer.
7.Holdings of up to Rs. 5 lakhs held in physical form / Rs. 15 lakhs held in Demat form can submit the following if those mentioned in point 6 are not available:

a. No Objection Certificate from all claimants; or Copy of Family Settlement Deed executed by all claimants, duly attested by a Notary Public or Gazetted Officer
b. Notarized indemnity bond made on non-judicial stamp paper of the appropriate value, indemnifying the share transfer agent/listed entity

Please contact your  branch, or our customer care line for any assistance. 

Sl No.	Requirements
1.	Transmission Form: NSDL / CDSL
2.	Self-attested copy of PAN
3.	A copy of the death certificate, attested by a Notary Public or Gazetted Officer
4.	Holding Statement signed by the claimants
5.	Notarized Affidavit from all claimants made on non-judicial stamp paper of appropriate value on identity and claim of ownership. In case the claimants are named in the Succession Certificate / Probate of Will / Will / Letter of Administration / Legal Heirship Certificate (or its equivalent), an Affidavit from such claimants, duly notarised shall be sufficient.
6.	Copy of any of the following: a. Succession Certificate; or b. Probate of Will; or c. Will plus a notarized indemnity bond from the claimants to whom the securities are transmitted; or d. Letter of Administration; or e. Court Decree; or f. Legal Heirship Certificate or equivalent plus i. Notarized indemnity bond from the claimants; and ii. No Objection Certificate from all non-claimants (remaining legal heirs), duly attested by a Notary Public or Gazetted Officer The document must be attested by the claimants (subject to verification with the original) or by a Notary Public or Gazetted Officer.
7.	Holdings of up to Rs. 5 lakhs held in physical form / Rs. 15 lakhs held in Demat form can submit the following if those mentioned in point 6 are not available: a. No Objection Certificate from all claimants; or Copy of Family Settlement Deed executed by all claimants, duly attested by a Notary Public or Gazetted Officer b. Notarized indemnity bond made on non-judicial stamp paper of the appropriate value, indemnifying the share transfer agent/listed entity

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