6 October 2026
5 mins read
Including the name of a nominee in a demat account makes it easier to transfer securities to the nominated person in case of the account holder's death. A simple but important part of account management is nomination. This article will explain what documents are needed to add a nominee online and offline, eligibility criteria, the number of nominees allowed and the advantages of the nomination process.
Adding a nominee to your demat account protects your investments in case something happens to you. This step matters more than most investors realise, since it prevents delays and disputes later on.
SEBI requires all demat account holders to either add a nominee or submit a declaration opting out. This guide walks you through the online and offline steps to add a nominee, along with the documents you'll need.
If you don't yet have an account, you can open a demat account first and add a nominee right after activation.
Stock investing requires you to open a Demat Account with a stock broker registered with the Securities Exchange Board of India (SEBI).
A Demat account is a mandatory account to hold financial assets in the online trading system where stock exchanges operate online and deal with digital financial securities only. A single Demat account can hold different assets, including equities, mutual funds, bonds, IPO issues , derivatives, etc. It is a safe storage for your assets as each debit or credit entry in your Demat account is completed following a secured process defined by the SEBI.
A nominee is a person you designate to receive your shares and securities if you suddenly pass away. The nomination is made for the purpose of enabling the transmission of securities to the nominee in accordance with the relevant laws of the depository.
Once appointed, your nominee may claim the securities in your demat account in accordance with the applicable depository procedures and legal requirements. This simplifies matters considerably for your family during an already difficult time.
You can change or remove a nominee whenever you want, as many times as needed. SEBI treats nomination as a safeguard, not a permanent decision, so you retain full control over it throughout the life of your account.
If you are wondering about how to add nominee in demat account, this blog got you covered. If your Aadhaar number is linked to your mobile number, you can add a Demat account nominee online at the official website of your stockbroker or central depositories NSDL/CDSL. Or you can visit your brokerage firm’s office for offline processing. You will need to submit the filled-in Annexure A - nomination form as per the SEBI circular.
To check or add a nominee in your Demat account, the online process offers a simple and hassle-free option. You can add a nominee through the web or mobile application, both offering secure and user-friendly experiences. Ensure your Demat account is linked to your registered mobile number and email for OTP verification.
Log in to your Demat account via the web portal.
Navigate to the ‘Account Settings’ or ‘Profile’ section.
Select the ‘Nominee Details’ option.
Click on ‘Add Nominee’ and enter the nominee's details.
Verify the nominee information and submit the request.
An OTP will be sent to your registered mobile number for confirmation.
Enter the OTP to finalize the nominee addition.
Open the Bajaj Broking app and log in using your credentials.
Navigate to the ‘Settings’ or ‘Profile’ tab.
Look for the ‘Nominee’ section under account details.
Tap on ‘Add Nominee.’
Enter the nominee's name, date of birth, and relationship with the account holder.
Confirm the details and submit the request.
Authenticate the process via OTP sent to your registered number.
Visit your brokerage’s nearest branch or service center.
Request the ‘Nominee Addition Form’ and fill it out with the necessary details.
Attach a copy of your PAN card and proof of identity for both yourself and the nominee.
Submit the form to the respective official and ensure you receive a receipt or acknowledgment of submission.
Once submitted, the broker will verify the details, and the nominee will be added to your Demat account within a few working days.
Additional Read: How to Open a Demat Account
Additional Read: What is a Demat Account
If you want to add a nominee to the demat account, you need the following list of documents.
Copy of Valid PAN Card: A valid PAN copy helps to validate the nominee’s identity at the time of registration.
Provide proof of the nominee’s current address: The nominee shall be asked to produce any document issued by the government indicating the current address of the nominee.
Nominee's photograph: A recent passport-size picture of the nominee is needed for identity.
Relationship evidence: Proof of relation, such as a marriage certificate, a birth certificate, a letter from a blood relative, etc., will be required to prove that you are related to the nominee.
Signature of the account holder: The nominee has to sign the nomination request online or offline.
Adding a nominee to your demat account is a crucial step in ensuring the smooth transfer of your securities in case of unforeseen events. It provides legal clarity and financial security for your dependents or chosen beneficiary. Here are the key reasons why nominating someone is important:
In the event of the account holder’s death, the nominee can easily claim the securities without legal complications.
Nomination ensures the rightful person receives the assets, preventing disputes among legal heirs.
The nominee can claim the securities by submitting the required documents, bypassing lengthy succession procedures.
If a minor is nominated, a guardian can manage the assets until they reach legal age.
SEBI mandates investors to either register a nominee or opt-out formally, promoting financial accountability.
You can change or add a nominee anytime, depending on life circumstances or financial planning.
Even in joint accounts, nomination adds an extra layer of security and simplifies future ownership.
A nominee for your Demat account can be any individual you trust, usually a family member or a legal heir. It is not necessary for the nominee to hold a Demat account. The nominee’s role is to receive the benefits or holdings in your Demat account in case of unforeseen events. Multiple nominees can be added, and the shares can be allocated in percentages.
Up to ten nominees: It is up to you how you want the assets to be split between the nominees. SEBI has given this flexibility so demat account holders are allowed to make a nomination of up to ten persons if they so decide.
Share percentage: Each nominee is given a certain share of the assets, and the total shares allocated amongst all the nominees shall amount to 100%.
Flexible allocation: You can change the percentage allocated to any nominee at any time you feel like changing it. The change of nomination can be done as per your preferences and circumstances.
Ensure the nominee is someone you trust, such as a close family member.
Consider nominating someone who understands your financial goals and can manage the assets appropriately.
You can nominate multiple individuals, so diversify nominations based on your share distribution preferences.
Reassess your nominee choices regularly and update the nominee as your life circumstances change, such as after marriage or the birth of children.
Keep the nominee informed about their role and your investment holdings.
If a Demat account holder does not designate a person as his/her nominee, the legal heir of the account holder has to request for transmission of the Demat securities in their name, in the event of the Demat account holder's death. It makes the process of receiving beneficiary ownership of Demat securities may be lengthy and hassled without nomination.
Nomination ensures that an investor's Demat assets will be transferred smoothly after his/her demise.
It can help speed up the transmission process of asset transfer.
Investors can avoid potential disputes about ownership benefits among their heirs.
The account holder can complete the nomination process without the beneficiary's approval at any time.
Additional Read: Features and Benefits of Demat Account
Yes, an NRI can be added as a nominee to your Demat account. However, you need to ensure that the necessary details such as NRI status and overseas address are correctly provided when adding the nominee.
If you don't add a nominee, the legal heirs will need to go through a lengthy process to claim the assets in your Demat account. It’s recommended to add a nominee to avoid future complications.
Yes, you can add multiple nominees to your Demat account. In such cases, you will need to specify the percentage of assets each nominee will receive.
Yes, you can add or change a nominee in a jointly held Demat account, but all account holders need to sign the nomination form or authorize the change.
There are no tax implications for adding a nominee to your Demat account. The nominee will only inherit the assets in case of the account holder's demise, subject to inheritance tax laws, if applicable.
To assign a percentage of holdings to a demat account nominee, specify the desired allocation in the nomination form. Each nominee’s share can be distributed based on the percentage you indicate when filling the form.
If the demat account nominee passes away before the account holder, it is essential to update the nomination. Submit a new nomination form to ensure proper asset transfer upon unforeseen events.
A demat account nominee can be added to an account held by a minor. The guardian managing the account must complete the nomination process, specifying the nominee’s details.
Yes, nomination in demat account is mandatory. Without it, your account may face restrictions, and transferring assets could be complex upon the account holder’s death. Assigning a nominee helps streamline the asset transmission process.
To find out how to check nominee in demat account, log in to your account portal or contact your broker. They can assist in verifying the nominee information on record.
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