Frequently Asked Questions
Change of Account Details
How do I go about Change in Address?
How do I go about Change in Bank Account?
How do I go about Change in Nomination?
How do I go about Change in Signature?
How do I go about Change of Name?
How do I change my status in the account after opening?
What is Transmission?
What are the formalities for Transmission?
Can successors claim the shares upon the Death / Expiry of a Holder?
How do I go about Change in Address? For changing your address. you have to write to your DP asking for a change of address, mentioning your client ID as well as the address to which you want to change it to and sign the letter. Along with the requisation letter which is signed by all the registered holders, you have to provide with a copy of telephone bill, electricity bill, rental agreement or a duly attested letter from a bank manager confirming the postal address.
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How do I go about Change in Bank Account? For changing your bank details, you have to write to your DP asking for a change in your bank details, mentioning your client ID as well as your changed bank details and sign the letter. Along with the requisation letter which is signed by all the registered holders, you have to provide with a copy of Cheque Leaflet for updation of MICR code etc..Top
How do I go about Change in Nomination? For a change of Nomination, you have to submit the duly filled in relevant form to the DP asking for a change in Nominee.Top
How do I go about Change in Signature? For changing your signature, you have to submit an affidavit to the DP asking for a change in signature.Top
How do I go about Change of Name? Once an account is opened , you cannot change the name .However, if you want to have an account in a different combination , you can open another account with your DP.Top
How do I change my status in the account after opening?
A change in status is not possible after opening your account. In order to have a different status, you need to open a new account.Top
What is Transmission? Transmission is a process in which the holdings of a client are transferred to the joint holder and the nominee in the event of the client’s death or expiry and if the joint holder/nominee is available.Top
What are the formalities for Transmission? In case of death of a holder, the balances can be transferred in favour of the joint holder if available or the nominee in case of no joint holder. The joint holder or the nominee is required to fill in the transfer form and execute an indemnity for the purpose.Top
Can successors claim the shares upon the Death / Expiry of a Holder? A transmission request form is available with the DP.A single form should suffice for transmission of shares of all the companies held by the deceased.The successors must submit the request form with all supporting documents.On confirming validity, the DP will transfer shares of all the companies in a single action to the Depository Account of the Successor.Top