Bond transmission is the legal process of transferring ownership of an investor’s bonds to a surviving joint holder, nominee, or legal heir after their death. The bonds do not lapse; they either continue to accrue interest until maturity or are passed on to the rightful claimants through specific documentation<\/p>\n\n\n\n
The method by which legal heirs or nominees become the owners of these bonds after the demise of an individual is called bond transmission on death.<\/p>\n\n\n\n
It is critical to know this since the whole idea behind it is that families do not go into unnecessary trouble in trying to claim their share of inheritance. This applies even if the investments are in demat or physical forms.<\/p>\n\n\n\n