Demat Account: Capital market regulator SEBI (SEBI) has asked all the investors to give the details of the nominee in their demat account. Investors have time till March 31.
Demat Account: If you invest in the stock market, then you must have a Demat account. If you have a demat account, you must have received a message from SEBI. Explain that Capital Market Regulator SEBI (SEBI) has asked all the investors to give the details of the nominee in their demat account. Investors have time till March 31.
The Security Exchange Board of India (SEBI) has made it mandatory for all demat accounts to be named as nominees. If the investors do not give the name of the nominee before March 31, then the demat accounts will be frozen, that is, investors will not be able to do transactions from their demat accounts.
SEBI made it mandatory to give nomination
Explain that after holding talks with all the stakeholders, SEBI has made it mandatory to give the information of the nominee in the Demat account. By March 31, all investors will have to give information about the nominee in their demat account. If the information is not given then the investors may have to bear heavy losses. If you have not yet filed a nomination, then know here how you can add a nominee.
How to add nominee in demat account
Existing investors who have already given nominee details in the demat account need not add nominee again. If the investor wishes, he can remove the name of the nominee from the demat account through two-factor authentication.
How to add new investor nominee
Those who are new investors, they must give information about nomination. For this first declaration form has to be given. The account holder will sign this form. However, no witness is required to file a nomination.
First login to demat account
- Click on ‘My nominees’ in the profile segment
- After that choose ‘add nominee’ or ‘opt-out’
- Fill nominee details and upload ID proof
