02 October 2024
The account holder of demat account had nominated his wife as 100% nominee in his account on 20th February 2024. Six months later, on 24th August 2024 he changed this nomination online through e-sign and made his son as 100 % nominee. Unfortunately, the account holder died on next day, 25th August 2024. The change in nominee was processed and confirmation mail was received on 28th August 2024, three days after his death. Who will be the nominee in this case to claim his shares in demat account?
02 October 2024
No. The owner of the account had applied it with e-sign on 24th, before his death. Bank had taken its own time, but will not effect the change.
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