Is nomination mandatory for a demat account?
Yes, it is mandatory for all our clients to add a nominee to their account, although clients also have the option to opt out of adding nominees. You can add up to three nominees for your account, and their preference will be determined by the percentage allocated to each person.
Que :- Why is it mandatory to add a nominee to my Demat account?
Ans:- Adding a nominee ensures that your assets are transferred smoothly to a designated person in the event of your demise. It helps avoid complications in the transfer process for your shares and securities.