Important information for stock market investors, do this work by March 31, otherwise the Demat account will be closed
[ad_1]
The Securities and Exchange Board of India (SEBI) has made it mandatory to make a nominee for demat accounts. The last date for nomination is March 31. If you do not do this by March 31, your demat account may be frozen and you will not be able to trade in the stock market.
Submit or end your nomination through two-factor authentication login
In this regard, Rajeev Lochan Pankaj, Head of Finance Planning and Knowledge Center, told that the existing account holders who have already filed the nomination details do not need to submit the nomination details again. He told that investors can submit or cancel their nomination through two-factor authentication login on the service providing stock brokers or depository participants trading platform.
Address and identification information is optional
Rajeev Lochan Pankaj told that whoever you make a nominee, the information about his mobile number, email address and identification is optional. He told that the investors who have opened new trading and demat accounts will have to give nomination through a declaration form. The signature of the account holder is mandatory on the declaration form. However, nomination or declaration can also be filed online by using the e-signature facility at the time of filing nomination.
Add nominee like this
-
First login to your demat account
-
After that go to the My Nominee segment given on the page
-
After this you have to choose the option of ‘add nominee’ or ‘opt-out’
-
After this upload the ID proof along with the details of the nominee.
-
After this, enter the share of the nominee in ‘percentage’, that is, the details of the percentage share you want to give to the nominee will have to be given.
-
After this the document will have to be e-signed through Aadhaar OTP.
-
Finally the document verification will take place and the process will be completed within 24-48 hours
[ad_2]
Source link