I am unsure if this is the right category.
My father unforturnately passed away many years ago. He had a Bank account HDFC + Demat with HDFC (NDSL).
The value of the shares in the demat account is only around Rs 400 and bank balance is only around 10,000.
Now the bank/DP is asking indemnity etc. Which is fine but we are unable to provide surety/guarantee of a third person.
Getting a succession certificate is pointless when the value of assets is so low.
Are there any precedence where I can ask the depository to do the transmission only with an indemnity but without a guarantor.
I don't understand what is the point of a guarantor for a value of Rs 400 when I am going to spend Rs 300 on stamp paper ?
I would appreciate any help.
