Editorial

How to Add Nominee to Your Demat Account - marketfeed

Adding a nominee to your Demat account is now mandatory by March 31, 2023, or your account will be frozen. This guide explains how to add a nominee for major brokers like Zerodha, Fyers, IIFL, Upstox, Angel One, and Groww.

By marketfeed TeamPublished 14 Mar 2023Updated 23 Jul 20262 min read

How to Add Nominee to Your Demat Account - marketfeed

On this page

How to Add a Nominee on Zerodha?
How to Add Nominee on Fyers?
How to Add Nominee on IIFL?
How to Add a Nominee on Upstox?
How to Add a Nominee on Angel One?
How to Add Nominee on Groww?

Key takeaways

Adding a nominee to your Demat account is mandatory by March 31, 2023, otherwise your Demat or trading account will be frozen.
You can choose to opt out of adding a nominee by submitting a no-nomination form with your broker.
For most brokers, the process involves logging into your account, entering nominee details, and completing an Aadhaar E-sign verification.
Up to 3 nominees can be added to a Zerodha account, and you can specify how holdings will be distributed.
On Groww, you can add nominees online only once; changing or adding new nominees requires an offline process.

Adding a nominee to your Demat account is now mandatory! If you do not add a nominee by March 31, 2023, your Demat or trading account will get frozen. You won’t be able to make investments or place trades!

So let’s see how to add a nominee for major brokers like Zerodha, Fyers, IIFL, Upstox, Angel One & Groww!

⚠️ You can choose to opt out of this entire process. But you'll have to submit a no-nomination form with your broker.

How to Add a Nominee on Zerodha?

1. Log in to https://console.zerodha.com/account/nominee

2. Click on “Add Nominee” (up to 3 nominees can be added).

3. Enter the nominee details and upload an ID proof. You can also specify how your holdings/funds will be distributed to the nominees.

4. Click on “Continue”.

5. Click on Proceed to e-sign.

6. Click on Sign Now.

7. Accept the terms and conditions, enter the Aadhaar number of the account holder, and click on Send OTP.

8. Enter the OTP and click on Verify OTP.

How to Add Nominee on Fyers?

1. Go to https://myaccount.fyers.in/Nominations

3. Select the option 'I wish to nominate' (Select I do not wish to nominate to opt out).

4. Enter the required Nominee details and click on 'Submit.'

5. Complete Aadhaar E-sign in the Digio pop-up. (Click on allow pop-up if asked).

How to Add Nominee on IIFL?

1. Log in to https://ttweb.indiainfoline.com/Trade/ClientProfileDetailed.aspx

2. Click on “Nominee Details”

3. Add all the necessary details and click “Proceed to E-sign”

4. Complete verification with Aadhaar OTP.

How to Add a Nominee on Upstox?

1. Log in to https://account.upstox.com/nominee

2. Click on “Add Nominee” and enter all details.

3. Click on ‘Proceed for E-Sign’ and enter your Aadhar number.

4. Next, enter the OTP received on the mobile number linked with Aadhar and complete the process.

How to Add a Nominee on Angel One?

1. Log in to Angel One’s web platform.

2. Find the dropdown menu on the right-hand side, next to your Client ID. Click on “My Profile” to find the “Add-Nominee” option.

3. Click on ‘Add Nominee’ and add details like name, date of birth, relationship, PAN and allocation %.

4. Click on ‘Proceed for E-Sign’ and enter your Aadhar number.

5. Next, enter the OTP received on the mobile number linked with Aadhar and complete the process.

How to Add Nominee on Groww?

1. Go to https://groww.in/user/profile/nominee-details

2. On the 'Add Nominee' page, enter the nominee's details as required.

3. Click on 'Finish with Aadhar E-Sign'. Please make sure you Sign using your own Aadhaar number, and not the nominee's Aadhaar number.

(You can add nominees online only once. Changing or adding new nominees requires an offline process).

Frequently asked questions

What happens if I don't add a nominee to my Demat account by March 31, 2023?

If you do not add a nominee by March 31, 2023, your Demat or trading account will get frozen, and you won’t be able to make investments or place trades.

Can I opt out of adding a nominee to my Demat account?

Yes, you can choose to opt out of this entire process, but you'll have to submit a no-nomination form with your broker.

How many nominees can be added to a Zerodha account?

Up to 3 nominees can be added to a Zerodha account.

Whose Aadhaar number should be used for E-Sign when adding a nominee on Groww?

You must sign using your own Aadhaar number, and not the nominee's Aadhaar number, when adding a nominee on Groww.

Written by

marketfeed Team