A step-by-step guide to adding a nominee to your demat account

The different routes to adding a nominee

There are two ways to add nominees to your demat account. We’ll walk you through each of them.

#1 Adding through your broker’s platform

The first option is to access your demat account through your broker’s platform. Once logged in, update your nominee details.

#2 Adding through the CDSL or NSDL portal

Or, you can head to the CDSL or NSDL portal and follow the next few steps.

Step 1: Choose a nominee

On the NSDL homepage, select ‘Nominate Online’. For CDSL, the nomination feature is available in the dropdown menu under ‘Quick Links’.

Step 2: Provide the necessary details

Enter the DP ID and Client ID in case of NSDL or BO ID in case of CDSL. You can find them in the profile section of your demat accounts.

Step 3: Enter your PAN

After that, enter your PAN. You will receive an OTP on the mobile number registered with your demat account.

Step 4: What are the options while nominating?

You’ll find two options: ‘I wish to Nominate’ and ‘I do not wish to nominate’ Opt for ‘I wish to nominate’ and add your nominee.

Step 5: The last step

E-sign using Aadhar. You will receive the OTP on your mobile number registered with Aadhaar.

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