Can my children be my demat account nominee?

Can my children be my demat account nominee?

Yes, you can nominate your children as your nominee. In case, he/she is a minor, you need to provide guardian details for him/her in the KYC.

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    • Is nomination mandatory for a demat account?

      No, it is optional and depends on your choice.  Though, we do recommend all our clients to add a nominee to their account. You can add up to 3 nominees for your account. The preference will be according to the percentage chosen for each person. 
    • Can I open Joint Demat account with Swastika?

      Yes, it is possible to open a joint demat account with Swastika with a maximum of three holders. The trading account should be registered in the first holders’ name and communication will be provided to the first holder only. A maximum of three ...
    • What are the documents required to open a demat & trading account with Swastika?

      For Indian resident individuals To open a demat & share trading account you need the following documents Your PAN Card Your valid Government approved address proof (any one of the following)- Aadhar Card Driver's Licence Passport Voter's ID Ration ...
    • I already have a Demat Account. Can I only open a Trading account with you?

      Yes, you can easily open a trading account with Swastika by linking your existing demat account. But we would recommend you to open a new DEMAT account at Swastika. This would provide you with a seamless and paperless online investment experience. ...
    • I already have a demat account. Do I still need to submit my documents?

      Since you already have a Demat A/c, you do not have to resubmit your documents. You should probably be KRA registered.  KRA is KYC (Know Your Client) Registration Agency. You have to let us know PAN so that we can check. If you are KRA registered we ...