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:

EventTransmission If Nomination Is Given 
Transmission If Nomination Is Not Given
Death of a single holder  
 Legal heir
Death of a joint holder
Surviving joint holder 
Surviving joint holder
Death of all joint holders
Legal heir

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