Why Add a Nominee?
Adding a nominee simplifies the inheritance process for your investments. When a nominee is designated, they have the legal right to claim your holdings in the demat account, avoiding delays and complications for your loved ones. Additionally, SEBI regulations mandate nomination for all demat accounts. However, Zerodha accounts are already compliant as nominee details are collected during account opening.
How to Add Nominee in Zerodha?
A nominee in your Zerodha demat and trading account ensures a smooth transfer of your holdings to your designated beneficiary in case of your unfortunate demise. This article provides a detailed guide on adding a nominee to your Zerodha account, both online and offline.