Procedure for Transmission - Change in Guardian due to demise of Existing Guardian

In case there is a change in the guardian, the new guardian will have to provide various documents prior to registering, including KYC and bank attestation of his signature of a bank account where he is the registered guardian.

When there is a change in guardian due demise of existing guardian, the following documents should be submitted for registering the new guardian:


1. Request letter from the new guardian

2. Death Certificate of the deceased guardian
Notarized copy or attested copy of the Death Certificate of the deceased guardian, where applicable. The attestation may also be dome by a special executive magistrate, AMC authorised official or manager of a scheduled bank.

3. Bank attestation 
Bank attesting the signature of the new guardian in a bank account of the minor where the new guardian is registered as the guardian.

4. KYC of new Guardian

5.  Proof of Guardianship

The new guardian must be a natural guardian (i.e. father or mother) or a court appointed legal guardian.

AMCs shall mandatorily obtain information on the relationship/status of the guardian as father, mother or legal guardian in the application form.

In case of natural guardian, AMC shall obtain a document evidencing the relationship if the same is not available as part of the documents submitted as per 2.3 below.

•  Date of birth of the minor along with photocopy of supporting documents as enumerated below shall be mandatory while opening the account on behalf of minor
• Birth certificate of the minor, or  School leaving certificate / Mark sheet issued by Higher Secondary Board of respective states, ICSE, CBSE etc., or
• Passport of the minor, or
•  Any other suitable proof evidencing the date of birth of the minor.

  In case of court appointed legal guardian, supporting documentary evidence shall be obtained.

Also refer

Procedure for change in status from minor to major (in mutual fund investment)

Formats:

1. Request Letter (link of Reguest Form in Image File)

***In order to check original Size of image, first click on image and then right click to the view the image of original size...

 

2. Bank attestation letter format (link of Bank attestation format)

 ***In order to check original Size of image, first click on image and then right click on view the image of original size...

 

Link of bank attestation in word document