How to Add Nominee in Zerodha Online and Offline

You can add a nominee to your Zerodha account both online and offline, but the process is slightly different for each method.

To add a nominee online, you'll need to log in to your Zerodha console and click on the "Profile" tab.

The nominee must be an Indian citizen, at least 18 years old, and a resident of India.

Adding a nominee in your Zerodha account simplifies the inheritance process for your investments.

It's a regulation that SEBI mandates for all demat accounts, and it's already taken care of when you open a Zerodha account.

The nominee has the legal right to claim your holdings in the demat account, avoiding delays and complications for your loved ones.

This makes the process much smoother and less stressful for those you care about.

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To add a nominee to your Zerodha account online, start by logging in to console.zerodha.com. You can then click on "Account" from the menu and select "Nominees" to access the nominee addition process.

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The online nominee addition process typically takes up to 5 working days to complete. It's essential to note that non-individual accounts, such as companies, cannot add nominees online and must use the offline process instead.

To add a nominee, you'll need to enter their details accurately, including their full name, relationship to you, date of birth, address, email address, and mobile number. You can add up to 3 nominees to your account, and for each person, you'll need to specify the percentage of shares they will receive in the event of your death.

Here's a step-by-step guide to adding a nominee online:

After completing the online nomination process, you'll receive an email notification confirming that the process is complete. The nominee will be added to your account within 5 working days.

To add a nominee offline, you'll need to download the Account Modification Form and Nominee Form from the Zerodha support website. These forms are available in PDF format.

Fill out both forms carefully, ensuring all details are accurate and complete, and sign the forms in the designated sections. Attach a copy of the nominee's ID proof, such as an Aadhaar card or Voter ID, with the forms.

If the nominee is a minor, provide the legal guardian's details and a copy of their ID proof. Courier the signed forms along with the required documents to the address mentioned by Zerodha on their website.

Here are the required documents to attach with the forms:

Processing time for offline nominee addition requests may take up to 5 working days.

To select a nominee, you'll need to click on the "Nominee" option in your account menu. This will begin the process of adding nominees.

You'll see a button to add a new nominee, which will lead you through the steps of entering their details accurately, including their full name, relationship to you, date of birth (DOB), address, email address, and mobile number.

If you're adding multiple nominees, you'll need to specify the share percentage each nominee will inherit. Enter 100% if designating a single nominee.

Carefully review and accept the terms and conditions before proceeding.

To start the offline process, you'll need to download the necessary forms from the Zerodha support website. You can find the Account Modification Form and Nominee Form in PDF format.

First, carefully fill out both forms, ensuring all details are accurate and complete. Sign the forms in the designated sections. Don't forget to attach a copy of the nominee's ID proof, such as an Aadhaar card or Voter ID.

If the nominee is a minor, you'll need to provide the legal guardian's details and a copy of their ID proof. This is a crucial step, so make sure you have all the necessary documents.

Once you've completed and signed the forms, courier them to the address mentioned by Zerodha on their website. This is the final step in the offline process.

Here's a summary of the steps:

Remember to keep a copy of the completed forms for your records.

To nominate someone on Zerodha, you'll need to provide their PAN card details, which can be done online or through the Zerodha app.

The nomination process can be completed in a few simple steps, but it's essential to ensure the nominee's details are accurate to avoid any issues later on.

You can nominate up to three nominees, and each nominee must have a PAN card.

Processing time for online nominee addition requests can take up to 5 working days. This is a standard timeframe that applies to most cases.

If you're trying to add a nominee to a non-individual account, such as a company, you may need to use the offline process instead of online. This is because non-individual accounts cannot add nominees online.

NRIs (Non-Resident Indians) can add nominees online if their Aadhaar card is linked to their active mobile number. This is a convenient option for them, but it's essential to have the necessary documentation in order.

Charitable trusts cannot be designated as nominees, so you'll need to choose a different type of nominee. This may seem like a minor detail, but it's crucial to get it right.

Here's a quick summary of the processing time and notes:

Updating details is a crucial part of maintaining your nominee information in your Zerodha account. You can update the details of your nominee online or offline.

You can update the nominee details online by editing or modifying the following information: Date of Birth (DOB), Mobile number, Email address, Relationship of the nominee with the account holder, and Address of the nominee. You will need the address proof of the nominee, like Aadhaar card, voter ID, driving license, etc.

To update nominee details online, you need to raise a ticket (request help) from the Zerodha app or website using both the Nominee form and the eSigned Account Modification form.

If you wish to change the details of the existing nominee, you have to courier the Nominee form and Account Modification form to Zerodha. The address to courier the forms is already given. The details will be updated within 5 working days.

You can remove a nominee from your account by couriering the Signed Account Modification form and Annexure 1B to Zerodha.

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Adding a nominee to your account is not mandatory, but highly recommended. This is because having a nominee can provide an added layer of security and ensure that your account is managed according to your wishes in case something happens to you.

In the case of Zerodha, for instance, adding a nominee is highly recommended. This is a common practice among many financial institutions and online trading platforms.

Adding a nominee to your Zerodha account is a straightforward process that can be completed in a few simple steps.

You can add up to 3 nominees to your account.

To start, log in to your Zerodha account by accessing console.zerodha.com. From there, click on "Account" from the menu and then select "Nominees."

Click the "Add Nominee" button to begin the process. Enter the nominee's details accurately, including their full name, relationship to you, date of birth (DOB), address, email address, and mobile number.

If adding multiple nominees, specify the share percentage each nominee will inherit. Enter 100% if designating a single nominee.

Carefully review and accept the terms and conditions.

To complete the e-sign process, enter your Aadhaar number and click "Send OTP." A one-time password (OTP) will be sent to your Aadhaar-linked mobile number.

You can add nominees to your Zerodha account using their mobile app or online console.

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Here are the key steps to add a nominee online: