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Fill nominee in Demat Account online in a jiffy, follow this process
Registering nominees in the Demat Account has been made mandatory by SEBI. If you do not do this, your demat account will be frozen after December 31, 2023. A family member, friend, or any other person related to the Demat account holder can also be a nominee. You can also enter more than one nominee in your demat account.
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“Fill nominee in Demat Account online in a jiffy, follow this process”
Read more onsangritoday.com
2 Oct 2023
Market regulator Securities and Exchange Board of India (SEBI) has made it mandatory to add nominees to all demat accounts by December 31, 2023. Its objective is that if the demat account holder dies, his nominees can easily get rights over his property.
All those demat account holders who have their own individual demat accounts are required to fill out the nomination. Joint demat account holders can also fill out the nomination. However, filling the nominee is not possible in non-individual accounts.
A family member, friend, or any other person related to the Demat account holder can also be a nominee. You can also make more than one nominee. For this, you will have to decide the ratio of assets in the demat account.
