What is Transmission?
Transmission is the process of law by which the funds and securities of a deceased account holder are transferred to the surviving joint holders /nominees /legal heirs.
In the event of the death of an account holder (sole/joint), transmission will be as follows:
| Event | Transmission If Nomination Is Given | Transmission If Nomination Is Not Given |
|---|---|---|
| Death of a single holder | Nominee | Legal heir |
| Death of a joint holder | Surviving joint holder | Surviving joint holder |
| Death of all joint holders | Nominee | Legal heir |
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