Ashish 18 November 2025

Demat account transfer : death of spouse

My deceased wife held a demat account with holding around 1.1Cr. The account unfortunately was not nominated. I have 2 minor daughters , 5yrs and 3 yrs old. Who all has to claim the ownership or transfer of holdings?

Can a legal hier certificate good enough for this purpose ? or I need a succession certificate essentially from court?

Thanks for your suggestion.

Reply Follow

Quick Summary

This discussion addresses the process of transferring a demat account after the death of a spouse when no nominee was appointed. The primary concern is how to claim the holdings, especially with two minor daughters. The consensus is that a succession certificate from a competent civil court is essential for transferring ownership of the demat account's assets.