Deadline for completing nomination for trading and demat accounts is 31-3-2023. Pl complete the process to ensure that the accounts remain active.

  If you have already done nomination for demat account, there is no need to do anything. This can be verified by thro' latest NSDL/CDSL monthly statement (in the section "Your Account" or "Know more about Your Accounts").

If the demat account is with a Bank, you can check by logging into your account thro' net banking and checking under "Demat".

 If the demat account is with a brokerage, you can log into your brokerage account and check reg nomination for demat account.

If nomination is not done earlier for demat account (or) if you want to change the nominee(s), the process must be done afresh.

 If demat account is held in SINGLE name (i.e. it is NOT a joint account), nomination can be done thro' website of NSDL (https://eservices.nsdl.com/instademat-kyc-nomination/#/login) or CDSL (https://www.cdslindia.com/Bo/NominationLogin.aspx

 If demat account is a joint account, nomination must be done ONLY by completing a physical form, to be submitted to your DP with whom the demat account is held (bank or broker).

[3/27, 11:19 AM] Venkatraman 6 Sigma Wealth advisors: 8/n  If both demat and trading accounts are with a broker, a single form will usually suffice for nomination for both accounts. But, PLEASE CHECK THIS OUT WITH YOUR BROKERAGE.

[3/27, 11:19 AM] Venkatraman 6 Sigma Wealth advisors: n/n  Please have this completed this week to ensure continued operation of both demat and trading accounts.

Venkatraman 6 Sigma Wealth advisors:

 The reason why nomination is being pushed hard by regulators is that assets worth crores belonging to deceased persons are stuck with institutions and banks; in the absence of nomination, they do not know to whom they should hand over these. They have to wait for completion of a complicated legal process like probating in the case of will or Succession certificate from Court.

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