How can a customer submit a nominee opt-out request?
1. Opt out of nomination online.
Follow these steps:
Click on the Profile icon and Select Settings.
.
Tap on + Add nominee option
Select No option for Opt-out
Read the disclaimer.
Click "Save & Proceed".
Complete OTP/e-sign verification process.
Accept the terms and conditions, enter the Aadhaar number of the account holder and click on Send OTP. Enter the OTP and click on Verify OTP.
you will get an email notification once the process is completed.
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If your mobile number is not linked to Aadhaar, follow the offline process.
Note- Please create a ticket to receive the nomination Opt-out form on your registered email ID.Courier the form to the address below -
Courier address -
Head Office
48, Jaora Compound, M.Y.H. Road, Indore-452001
0731 - 6644000
Nominee details will be updated within 7 working days after receives the forms.
2. What does "Opt-Out of Nomination" mean?
Opting out means you do not wish to appoint any nominee for your trading/demat account.
3. Is appointing a nominee mandatory?
No. You may either:
Opting out means you do not wish to appoint any nominee for your trading/demat account.
3. Is appointing a nominee mandatory?
No. You may either:
Register a nominee, or
Explicitly opt out of nomination by submitting the required declaration.
4. What happens if I opt out of nomination?
If no nominee is registered, in the event of the account holder's death, the legal heirs will need to submit the prescribed documents and complete the claim process to access the assets held in the account.
5. Why am I required to submit an opt-out declaration?
As per regulatory requirements, account holders must either provide nominee details or formally declare that they do not wish to nominate anyone.
6. Can I add a nominee later after opting out?
Yes. You can update your nomination details at any time by submitting a nominee modification request through the online portal.
4. What happens if I opt out of nomination?
If no nominee is registered, in the event of the account holder's death, the legal heirs will need to submit the prescribed documents and complete the claim process to access the assets held in the account.
5. Why am I required to submit an opt-out declaration?
As per regulatory requirements, account holders must either provide nominee details or formally declare that they do not wish to nominate anyone.
6. Can I add a nominee later after opting out?
Yes. You can update your nomination details at any time by submitting a nominee modification request through the online portal.
7. Will opting out affect my account operations?
No. Opting out does not affect your normal trading or demat account operations.
8. What documents may be required if no nominee is registered?
In the event of the account holder's death, family members or legal claimants may need to provide a death certificate, identity proof, and other required documents to claim the assets in the account.
9. Can I modify my decision later?
Yes. You may subsequently add, change, or remove nominee details as permitted under applicable regulations and company procedures.
10. Where can I get assistance?
For assistance, contact the customer support team through the create a ticket .
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