One year ago, my mother passed away. A demat account is there in her name where she registered me as Nominee .
First, 3 months, Axis bank DP kept given vague and conflicting answers. I sent a legal notice to Axis Bank DP. They sent response confirming that I am the nominee and there is no court order or injunction restraining the bank to transmit this a/c to my demat a/c. I did all paperwork they required and sent notarized copies of documents they asked. It has been now close to 12 months. Just a week ago, Axis Bank DP asked me to pay Rs560.63 which I paid. They said they received the payment and DP transmission is in process.
Then, suddenly today I received an e mail stating that I will have to do the entire paperwork again. I don't understand the reason why? Its to delay transmission for another few months.
I have sent complaint e mails to Axis bank CEO, nodal officer. Also complaints to RBI and AxisBank DP thru consumer forum.in.
What should I do now to stop this nominee harassment and to stop delaying tactics by Axis Bank DP.
Your advice is greatly appreciated.