In case of death of the account holder and there are No Nominees, Nominee opted out & No Joint holders on the account and there are multiple surviving Legal Heirs, however, there are some Legal heir/s who do not wish to clain for the securities, the claimants can claim for the securities by submitting the following documents at any of the nearest Axis Bank branch after obtaining an In-Person Verification (IPV) & Original Seen Verification stamp on the copies from the branch personnel, you can also courier the documents to the mailing address given below:

1. Transmission Form (NSDL: Click Here to download CDSL: Click Here to download)

2. Original or Notarized Death certificate (Should be Notarized by a Gazetted officer or by a Notary Public)

3. Self Attested PAN card and Address Proof Copy of all the Claimants/Legal heirs

4. Client Master List/Report (CML/CMR) signed and stamped by the issuing Depository Participant (Target Account and Deceased) with NSDL or CDSL Logo in case teh shares are being transferred to a Non Axis Securities Limited account

5. A separate notarized Affidavit on a Rs. 100 stamp paper for all the legal heirs/claimants claiming for the securities (Click Here to download the format) and should also have a ‘Before me’ stamp on the document

6. Legal Heir Indemnity Bond:- Made on a non-judicial stamp paper of Rs.500/- from all the legal heir(s) / claimant(s) to whom the securities are transmitted duly verified by a Magistrate / Notary & it should be in the favour of Axis Securities

7. Odd Lot Declaration: For transmission of securities which are held in odd numbers to be shared amongst the Legal Heirs if there are more than 1 Legal heirs (Format Attached)

8. A separate NOC on a Rs.100 stamp paper for each legal heir who does not wish to claim for the securities (Click Here to download the format of the NOC)

If you have any one of the following documents, the Legal Heir Indemnity Bond would not be required:

1. Copy Succession Certificate: Should reflect the names of all the Legal Heirs/Claimants and should evidence their rights in the certificate, subject to verification with the original or duly attested by a notary public or gazetted officer

2. Copy of Letter of Administration (in terms of the Indian Succession Act, 1925): Evidencing rights of the legal heir(s) / claimant(s), attested by the legal heir(s) / claimant(s) subject to verification with the original or duly attested by a notary public or by a gazetted officer

3. Copy of Court Decree (in terms of the Indian Succession Act, 1925): Evidencing rights of the legal heir(s) / claimant(s), attested by the legal heir(s) / claimant(s) subject to verification with the original or duly attested by a notary public or by a gazetted officer

4. Copy of Probate* of Will (in terms of the Indian Succession Act, 1925): Evidencing rights of the legal heir(s) / claimant(s), attested by the legal heir(s) / claimant(s) subject to verification with the original or duly attested by a notary public or by a gazetted officer

Mailing Address:

Axis Securities Ltd.

Unit No. 1001, 10th Floor, Level – 6,

Plot No. 4/TTC, Q2 Building,

Aurum Q Parc,

Thane Belapur Road,

Ghansoli, Navi Mumbai-400710

Once we receive the documents the Transmission process will be completed in 7 working days if no rejections found.

Please Note:

If any transaction is done on the account post the day of death: As separate Trade Indemnity Bond (Annexure IE) would be required if there are any transactions made in the account post the day of death for all cases made on a non-judicial stamp paper of Rs.500/- from all the legal heir(s) / claimant(s) to whom the securities are transmitted duly verified by a Magistrate / Notary & it should be in the favour of Axis Securities. In cases where there is a name mismatch between the DP records and documents of claimant/deceased, it is mandatory to submit a name mismatch affidavit on Rs. 100 stamp paper.

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