🚨 LAST DATE IS 31/03/23!!

The last date to add nominees with regard to demat accounts is March 31 and investors not meeting the deadline will see trading and demat accounts frozen for debits.

The deadline for making nominations was supposed to be March 2022, but Sebi (Securities and Exchange Board of India) had extended the date by a year.

For existing investors who have already provided the nomination details prior to the circular issued in July 2021, re-submission of nomination details is optional.

Further, existing investors who have not submitted nomination details to date and intend to submit their nomination or opt out of nomination will be allowed to do so by way of two-factor authentication login on trading platforms for stock brokers or depository participants providing such service.

✅Here are the steps to add nominee to demat account

Step 1: Login to your demat account

Step 2: Navigate to ‘My nominees’ under the profile segment and you will be redirected to the nominee details page

Step 3: You can chose ‘add nominee’ or ‘opt-out’

Step 4: Fill the nominee details and upload ID proof of the nominee. After uploading the documents, enter the nominee share in ‘percentage’ you would like to assign to the nominee

Step 5: E-sign the document with Aadhaar OTP.

Source: The Economic Times

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