Adding a nominee to your Demat account is a crucial step to safeguard your investments and ensure a smooth transition of assets in the event of your demise or incapacity. In this informative video, Upstox walks you through the process of how to add nominee in demat account online, providing you with peace of mind and ensuring your loved ones are taken care of.
Queries this video will answer (with timestamps):
00:29: 📌 What is a nominee? | Nominee kya hota hai | Nominee ka matlab kya hota hai
A nominee is an individual designated to receive your securities and assets in the case of your unfortunate demise. It's a vital decision that doesn't require the beneficiary's approval.
00:40: 🤔 Why should you add a nominee?
- Ensures seamless asset transfer upon your passing.
- Provides peace of mind for your loved ones.
- Prevents potential inheritance disputes.
- SEBI rule
01:27: 📝 How to add a nominee to your Upstox demat account | How to add nominee in Upstox online | Demat account mein nominee add kaise kare
A detailed step by step process of adding nominee/s to your Upstox demat account
02:34 : 🔍 Things to note when adding a nominee:
- Nominee must be an individual.
- Nominee modification/removal is possible through your stock broker or Depository Participant.
Adding a nominee is a simple yet crucial step in securing your investments and ensuring your wishes are honoured. Don't leave your assets in uncertainty; watch this video to learn how to add a nominee to your Demat account today! Subscribe for more financial insights and tips.
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