I want to know what would happen to a demat account if the holder passes away and hasn't made any nomination for it.
7 answers
Michele
Fri Dec 06 2024
Instead, they are to be distributed according to the laws of inheritance.
Ilaria
Fri Dec 06 2024
This process involves determining the legal heirs of the deceased account holder.
Chiara
Fri Dec 06 2024
A court order is often required to officially recognize these legal heirs.
HanbokGlamour
Fri Dec 06 2024
When a Demat account holder passes away without naming a nominee.
MountFujiVista
Fri Dec 06 2024
The securities held in the Demat account are not automatically transferred.