General

What is the process of account transfer in incase of account holder’s demise?

In the unfortunate event of customer’s demise, the immediate family member of the ICICI Direct account holder should notify Interactive Broker (IBKR) regarding the deceased account via email to

estateprocessing@interactivebrokers.com

At that time, general information will be taken and the executor will be provided with information on how to proceed.

Once IBKR has been notified of the death of an individual account holder, the account will be classified as a deceased account and any activity (e.g., trading, transfers) is generally prohibited until legal authority is established.

The documents required to establish legal authority can differ depending on the type of account the account holder has at his or her death (e.g., single, joint) and the country of legal residency. These documents will include a death certificate and often other official documents.

Note:Please note ISEC or any other person is not allowed to write email on behalf of the customer to estate processing team of IBKR, only the immediate family member is required to send an email.