What Happens to Demat Account After Death? Transmission Process Explained

What Happens to Your Demat Account After Death? Transmission Process Explained

Death is a difficult reality, and when it comes to managing investments, it’s important to know what happens to a person’s Demat account after they pass away. If you’re a nominee, legal heir, or joint holder, knowing how the transmission process works can help you claim securities smoothly and without legal hurdles.

In this blog, we explain the step-by-step process of what happens to a Demat account after death—and how One Solution helps.

What is Transmission in a Demat Account?

Transmission is the legal process through which securities held in a Demat account are transferred to the nominee, joint holder, or legal heir after the account holder’s death.

It is not the same as transfer, which is done between living account holders.

Who Can Claim the Demat Account?

1. Nominee (if registered) – Can claim securities with minimal documentation

2. Joint Holder – In jointly held accounts, the surviving holder becomes the sole owner

3. Legal Heir – If there’s no nominee, legal heirs can claim based on a succession certificate or legal will

Step-by-Step Transmission Process

1. Inform the Depository Participant (DP)

Notify the broker (like One Solution) with the death certificate of the account holder.

2. Submit Required Documents

For Nominees:

• Transmission Request Form (TRF)

• Death certificate (original or notarized copy)

• Nominee’s identity and address proof

• Client Master Report (CMR) of nominee’s Demat account

For Legal Heirs (if no nominee exists):

• Transmission Request Form

• Death certificate

• Legal heir certificate or succession certificate

• Indemnity bond and affidavit

3. Verification & Processing

Once verified, the securities are transferred to the nominee or heir’s Demat account.

4. Closure of Old Demat Account

After successful transmission, the deceased’s Demat account is closed permanently.

Important Points to Remember

• Always add a nominee to your Demat account to avoid legal complications

• Nomination can be updated online or through a simple form

• Transmission is free of brokerage and non-taxable

• The process may take 7–15 working days depending on document verification

How One Solution Helps

At One Solution, we support families with:

• Step-by-step assistance in the transmission process

• Guidance on legal documentation and account closure

• Quick and transparent processing

• No hidden charges or service delays

We also help investors add or update nominees to their accounts easily to prevent future challenges.

Final Thoughts

Losing a loved one is tough, but claiming their investments shouldn’t be. Whether you’re a nominee or legal heir, knowing the Demat transmission process helps ensure smooth asset transfer. At One Solution, we’re here to guide you through every step.

Secure your investments today—add a nominee and keep your family financially protected.