How to Add Nominees to Your Zerodha Account

Streamlining Your Zerodha Account: Adding Nominees for Financial Security

In the world of investments and trading, securing your assets and ensuring the well-being of your loved ones is paramount. Zerodha, one of India's leading stockbrokers, offers you the opportunity to safeguard your investments by adding nominees to your trading account. In this article, we'll guide you through the process and explain why nominating beneficiaries is essential.

Understanding the Importance of Adding Nominees

Before delving into the process, let's address the significance of nominating beneficiaries for your Zerodha trading account. While you may have received communications warning of a potential account blockage, rest assured that your account is safe if you haven't added a nominee. Zerodha ensures your preferences are communicated to exchanges and depositories during account setup. However, adding a nominee remains a crucial step.

Adding a nominee simplifies matters for your loved ones in the unfortunate event of your absence. It ensures a seamless transfer of assets and reduces complexities during legal procedures.

How to Add Nominees to Your Zerodha Account

If your mobile number is linked to Aadhar, follow these steps to add nominees:

  1. Log in to your Zerodha console.
  2. Click on "Account" and then select "Nominees."
  3. Click on "Add Nominee."
  4. You can add up to three nominees. Provide nominee details and upload their ID proofs.
  5. If you have multiple nominees, specify the percentage of share accordingly. For a single nominee, set the share percentage to 100.
  6. Click "Continue" and proceed to e-sign.
  7. Accept the terms and conditions, then click "Sign Now."
  8. Enter the Aadhar number of the account holder and verify the OTP to complete the e-sign process.
  9. Submit the request.

Your nominees will be added within five working days, and you'll receive a confirmation email from Zerodha.

Adding Nominees Offline

If your mobile number isn't linked to Aadhar or you hold a joint account, you can add nominees offline:

  1. Download the nomination form
  2. Fill in your details, including your name, UCC (client ID), and 16-digit demat account number.
  3. Provide nominee names, share percentages, and their relationship with you.
  4. Include nominee details, such as address, mobile number, email, and proof of identity (e.g., Aadhar, voter ID, driving license).
  5. If adding a minor as a nominee, provide the required details.
  6. Sign and send the document to the address provided.

Once received, Zerodha will update the nominee details within five working days.

By taking these steps, you ensure the financial security of your investments and the smooth transition of assets to your nominees when the need arises.