If you do trading then you must know about Demat account. The last date for nomination in respect of Demat account is March 31.
If you do not make the nomination within this period, the trading and Demat accounts will be frozen for debit. Explain that in July 2021, SEBI, the body regulating the stock market, had asked to give the option of nomination to the existing eligible trading and Demat account holders. The deadline for this was March 2022.However, later SEBI extended this date by one year.
Step 1: Login to your Demat account.
Step2: After this, go to the ‘My nominees’ segment of the page that will open.
Step 3: After this you can choose ‘Add Nominee’ or ‘Opt-out’.
Step 4: File the details of the nominee and upload the ID proof of the nominee. Next, enter the nominee’s share in ‘Percentage’. This means that you have to give the details of what percentage share you want to give to the nominee.
Step 5: After this e-sign the document. This process has to be completed through Aadhaar OTP.
Step 6: After this document verification will take place and the process will be completed within 24-48 hours.
