How Can a New Client of FYERS Add Nominee Details?
When you open a new Demat account with FYERS, nominee details are a mandatory part of the account opening process as per SEBI regulations. Every client must either add a nominee or provide a declaration of opting 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, the nominee is successfully registered 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 | Details are recorded along with your Demat account setup |
| I skip nominee entry while opening | You must submit either nominee details later or a declaration of 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 |
It’s highly recommended to appoint a nominee to ensure smooth transmission of your holdings in case of unforeseen events.
Last updated: 27 Aug 2025
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