If you are a Zerodha account holder, It is necessary to add a nominee in your demat account in Zerodha. A nominee is a person who can claim the account assets if the account holder dies. In this article we will discuss the steps to add a nominee in zerodha.
Before going to know about the step by step process , you need to know about what is a nominee? Whom I can add for a nominee? Nominee a person who will be owner of all shares of account holder buy and also will receive all benefit if in case account holder demise. You can add one or more than one nominee in your account. You can add a nominee. You can add your parents, brother, sister, relatives, friends anyone can be your nominee.
Important of add nominee in zerodha
Now add nominee in your demat account very important with mandatory. You have to add a nominee in zerodha otherwise your account may be inactive. Add a nominee important because in case you demise, all your shares and benefits will receive your nominee. After adding a nominee your investment will be protected.
Steps to add nominee in zerodha
Here zerodha has very easy steps to add a nominee to your demat account. You just follow below 5 steps and add a nominee.
Step 1: Login Zerodha account
You should login your demat account in zerodha using your user Id & Password.
Step 2: Go to my account
After login to the Zerodha website, go to My profile tab which is located top right corner. Click on My profile then go for next step
Step 3: Nominee details
Click on the nominee button. Then it will open a nominee form you need to fulfil all details of your nominee like name, relation, date of birth, PAN card/driving licence or any Government ID Prove.
Step 4: Nominee declaration
Read carefully all details of your nominee then tick the box to confirm that information is correct which one you proved. Then click on save.
Step 5: Wait for confirmation
After adding all details of your nominee you need to wait 2-3 business working days for successfully adding your nominee in your demat account.
If your request is rejected you need to apply once again with the same process .
Check nominee in Zerodha
If you want to check the nominee in your Zerodha account, follow these steps:
- Log in to your Zerodha account using your Kite credentials.
- Click on your profile name on the top right corner of the screen.
- Select the ‘My Profile’ option.
- Click on the ‘Nominee’ tab.
- Here, you can see the nominee details that you have added to your account.
If you want to modify your nominee details or add a new nominee, you can follow the below steps in this article. We discuss how to modify nominee details in zerodha? It is always good to add a nominee in your zerodha demat account.
How to Modify Nominee Details in Zerodha?
If you want to modify the nominee details in your Zerodha account, follow these steps:
- Log in to your Zerodha account.
- Go to the ‘My Profile’ section.
- Click on the ‘Nominee’ tab.
- Click on the ‘Modify’ button next to the nominee’s name.
- Make the necessary changes to the nominee details.
- Upload the supporting documents.
- Click on the ‘Submit’ button to save the changes.
Adding a nominee to your Zerodha account is a simple process that can help avoid legal complications in the future. Make sure to enter the nominee details correctly and upload the documents.
A nominee is a person who can claim the account assets if the account holder dies.
You can add up to three nominees to your Zerodha account.
Yes, you can modify the nominee details in your Zerodha account anytime.
You need to upload a copy of the nominee’s ID proof and address proof.
No, adding a nominee is not mandatory, But Zerodha strongly recommends adding a nominee(s) to the account