How Can a New Client of FYERS Add Nominee Details?

When you open a new Demat account with us at FYERS, nominee details are a mandatory part of the account opening process as per SEBI regulations. Every client must either add a nominee or submit a declaration to opt out.

Adding a Nominee During Account Opening

You can provide nominee details during the account opening flow on FYERS Web or the FYERS App:

Enter nominee details such as full name, relationship, and date of birth (if minor).
Upload supporting documents, if required (e.g., guardian details for minor nominees).
Complete the eSign process with your Aadhaar-linked mobile number.
Once verified, we’ll register the nominee for your Demat account.

If You Missed Adding Nominee While Opening the Account

If your account is already active and you haven’t added a nominee during onboarding, you can still update the nominee details anytime. Please refer to this article for the process.

As per SEBI’s mandate, adding a nominee or providing a declaration is compulsory.

What if...

Scenario	Outcome
I add nominee during account opening	We record the details along with your Demat account setup
I skip nominee entry while opening	You must submit either nominee details later or a declaration to opt out
I want to add nominee after activation	Use the nomination update option on FYERS Web/App (Refer to this article for the process)
My nominee is a minor	Guardian details must also be provided during nomination
I want to change nominee later	You can edit or update nominee details online anytime

We highly recommend appointing a nominee to ensure smooth transmission of your holdings in case of unforeseen events.

Last updated: 12 Nov 2025