How to Add or Change Nominee in Demat Account – Step-by-Step Guide

How to Add or Change Nominee in Your Demat Account – Complete Guide

Adding a nominee to your Demat account ensures that your investments are passed on smoothly to your chosen family member or beneficiary in case of your death. SEBI has made it mandatory for all investors to either nominate someone or opt out explicitly.

In this blog, we explain how to add or change a nominee in your Demat account, and how One Solution helps you secure your portfolio.

Why Is a Nominee Important for Your Demat Account?

• Ensures smooth transmission of shares in case of death

• Avoids legal disputes between family members

• Saves time and paperwork during transmission

• A mandatory SEBI requirement from 2023 onwards

Who Can Be a Nominee?

You can nominate:

• Spouse

• Parents

• Children

• Siblings

• Any trusted individual (only one nominee per Demat account)

Note: You can’t nominate a trust, body corporate, or partnership firm.

When Should You Add or Change a Nominee?

• While opening your Demat account

• After marriage, childbirth, or other family changes

• If your nominee’s details need updating

• If you’ve never nominated anyone before (mandatory by SEBI)

Step-by-Step: How to Add or Change a Nominee

1. Login to Your Demat Account

Visit your broker’s online portal (like One Solution)

2. Navigate to Nominee Section

Find the “Nominee Details” tab under account or profile settings.

3. Fill Nominee Details

Provide:

• Full name

• Date of birth

• Relationship

• PAN/Aadhaar (if available)

• Shareholding percentage (if multiple nominees are supported)

4. Upload Proof (if required)

Some brokers may ask for identity proof of the nominee.

5. eSign & Submit

Authenticate using Aadhaar OTP or digital signature.

How to Change or Delete a Nominee

The process is similar:

• Submit a new nomination form

• Select “Change” or “Delete nominee”

• Upload necessary documents

• Submit via eSign or physical form if applicable

Deadline & Penalty (SEBI Rule)

As per SEBI’s circular:

• All investors must add a nominee or opt-out declaration

• Failure to do so can result in account freezing

How One Solution Helps

At One Solution, we offer:

• Free and instant nominee update via dashboard

• Help with form filling, document upload, and verification

• Alerts for SEBI compliance deadlines

• Guidance on how transmission works if needed

Final Thoughts

Adding a nominee is a simple but powerful step to secure your investments. Don’t leave your portfolio in uncertainty—ensure it reaches the right person without delays or legal hassle.

Update your nominee with One Solution today and protect your legacy.