InvestorQ : How does transmission of shares happen in case of Joint Accounts ?
shrinidhi Rajan made post

How does transmission of shares happen in case of Joint Accounts ?

Answer
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Arti Chavan answered.
2 years ago


In the event of the death of one of the joint holders, the securities will be transmitted to the surviving holder(s) on submission of Transmission Form and notarized copy of the death certificate of the deceased joint holder to the DP. For transmission of securities, the account of the surviving holder(s) must be in the same sequence in which the names appear in the joint account to be closed.