Demat Account Nominee, important news for market investors! …then demat account will be closed, know – alert for share market investors your demat accounts could be frozen by March 31 if nominee not added
- Log in to your Demat account.
- After that click on ‘My Nominee’ option on the page that opens.
- After this you can select the option of ‘Ad Nominee’ or ‘Opt-out’.
- File nominee details and upload ID proof of nominee. Next, enter the nominee’s share in ‘Percentage’. That means you have to fill in the details of the percentage share you want to give to the nominee.
- After that e-sign the document. This process can be completed through Aadhaar OTP.
- After this the documents will be verified and this process will take 24 to 48 hours.
Meanwhile, apart from appointing nominees in demat accounts, SEBI has also asked market investors to link their PAN number with Aadhaar card, which they have to do before March 31, 2023. If a demat account holder buying and selling shares does not link Aadhaar-PAN, his trading of shares may be banned.