Transmission
Secure Your Loved One’s Legacy, Focus on Healing

Losing a loved one is hard, and dealing with their finances can make it more difficult. At FinArray, we understand your loss and are here to help.
We provide transmission service for all financial assets, such as

Mutual Fund

Insurance

Fixed Deposit

Locker

Demat

PPF

NPS

Bank Accounts

Other Financial Investments
Our goal is to make this process as smooth and stress-free as possible. FinArray will complete the entire process for you within 45 days*
Helping You Handle Life’s Next Step
Financial Care When You Need It Most
- Our team of experts will handle all the details, so you don’t have to worry.
- We understand how important it is for you to focus on healing during this difficult time.
- Trust FinArray to provide the support and care you need.
- Let us take care of the financial side, so you can take care of yourself and your family.

Always Here for Your Financial Needs


Professional Assistance

24*7*365 Service

Door Stop Solution

Consolidate Information

45 days* Process Complete
From Loss to Legacy, We Handle It All

How FinArray Works
Visiting financial institutions and managing the transmission process can be overwhelming, time-consuming, and often results in unclaimed amounts due to missed details. That’s where FinArray steps in – we take care of every step, from documentation to coordination, ensuring a hassle-free and complete transfer of your loved one’s financial legacy. Let us handle the complexities, so you can focus on what truly matters.


Frequently Asked Questions
1. What happens to a bank account when a deceased person dies?
The outcome depends on factors like account type, named beneficiaries, or the presence of a will:
- With a nominee or beneficiary: Funds transfer directly to the beneficiary upon submitting required documents like the death certificate.
- Without a nominee: Funds are distributed as per the will or, in its absence, by inheritance laws.
- Joint accounts: Generally, pass to the surviving account holder, but this depends on the account terms.
FinArray simplifies the process by offering expert guidance and doorstep services to manage documentation and legal formalities.
2. What happens to investments when the account holder dies without a nominee?
If there is no nominee, transferring investments becomes more complex. Legal heirs may need to:
- Provide documents like a will, succession certificate, or court orders to establish ownership.
- Resolve disputes among heirs if multiple claims arise.
FinArray ensures a smooth and hassle-free transfer by assisting with legal documentation, liaising with institutions, and expediting the process.
3. How to transfer shares after death?
Shares held by the deceased can be transferred by:
- Submitting the death certificate and a transmission request to the depository participant or broker.
- Providing proof of ownership (Demat account details or physical certificates).
FinArray manages this entire process, coordinating with brokers and depositories to ensure a seamless transfer.
4. What happens to insurance policies after the policyholder’s death?
Insurance policies are processed based on the policy terms:
- With a nominee: Claims are straightforward; beneficiaries must submit required documents to the insurance provider.
- Without a nominee: Legal heirs must establish their claim with supporting legal documentation.
FinArray helps beneficiaries file claims, submit documentation, and expedite the settlement process, ensuring minimal delays.
5. What should we do with the mutual funds when a family member passes away?
When a family member passes away, it’s important to manage their mutual fund investments properly. FinArray offers seamless support by helping you with the transfer process. We assist in notifying the fund houses, submitting the required documents, and guiding you through the steps to ensure that the mutual funds are transferred to the rightful nominee or legal heir. Our goal is to make the entire process as smooth as possible for your family during a difficult time.
6. How much time does it take to transfer investments after death?
The duration depends on factors like:
- The presence of a nominee (faster process).
- The need for legal documents (longer for cases without nominees).
FinArray speeds up the process with efficient handling, document submission, and regular follow-ups with financial institutions.
7. How do I know if there are unclaimed investments in my family member's name?
Unclaimed investments often go unnoticed. FinArray helps you:
- Trace and identify unclaimed investments.
- Contact financial institutions to verify records.
- Collect and submit necessary documentation to claim these investments.
8. Is FinArray’s transmission service available for NRIs?
Yes, FinArray provides transmission services for Non-Resident Indians (NRIs), including:
- Managing cross-border documentation.
- Coordinating with institutions in different jurisdictions.
- Handling all communication on your behalf.