How to Add or Manage Nominees for Your Demat Account

How can I verify, add, edit, or delete a nominee for my Demat account?

You can easily manage nominees for your demat account using the app or web portal by following these steps. This includes verifying, adding, editing, deleting nominees, changing preferences, or updating the share percentage allocation.

Steps to add a nominee:

  1. Log in to your account via the app or web portal at app.fyers.in.

  2. Go to the Profile section.

  3. Open the Others tab and select I wish to nominate.

  4. Enter the nominee’s details, including:

    • Name

    • Relationship with the account holder

    • PAN or last four digits of Aadhaar number

    • Date of birth

    • Residential details such as pin code, city, and state

    • Optionally, tick the box if the nominee’s residential details are the same as the account holder’s.

  1. Allocate share percentages (if adding multiple nominees, ensure the total equals 100%).

  2. Click Continue to proceed to the e-sign process.

  3. Complete the e-sign process on the Digio platform using your Aadhaar number and OTP.

  4. Once submitted, the nominee details will be sent for verification and processing.

Steps to edit or delete a nominee:

  1. Log in to your account via the app or web portal.

  2. Go to the Profile section.

  3. Open the Others tab and locate the list of existing nominees.

  4. Select the nominee you want to edit or delete.

    • To edit: Update nominee details, such as name, relationship, date of birth, or share percentage allocation.

    • To delete: Select the delete option to remove the nominee.

  1. Click Continue and proceed to the e-sign process via the Digio platform using your Aadhaar number and OTP.

  2. After successful verification, your changes will be updated or the nominee will be removed.

For a step-by-step visual guide, refer to the video below:

​

Important notes:

  • Ensure nominee details (name, relationship, PAN/Aadhaar, and residential details) are accurate.

  • A maximum of three nominees can be added, with share percentages totalling 100%.

  • Updates to nominee information are usually processed within 2-5 working days after verification.


    • Related Articles

    • How do I add a nominee to my existing Fyers demat account?

      The nominee addition process for your FYERS demat account has been made entirely digital and simple: Access & Navigate: Go to the My Account portal. If there's a 'Online Nomination' pop-up, click 'Proceed to Submit'. If not, select 'Manage Account' ...

    • How can a new client of FYERS add nominee details?

      If you're a new client, the nomination process is integral to the account opening phase. For those who haven't started the account opening process, the nominee details can be added during the steps of the procedure. But if your Demat account has ...

    • How can a nominee claim shares after the death of the account holder?

      To claim shares from a FYERS account after the account holder's death, follow these steps: Download the Transmission Request Form: Annexure 1 to inform FYERS about the death of the account holder. Fill in the Form with the Following Details: Name, DP ...

    • How to add a bank account to your FYERS account?

      Adding a secondary bank account to your FYERS Trading account is straightforward. You can do this using either the UPI method (faster) or via IFSC-based verification. Only bank accounts held in your name are eligible. Steps to Add a Bank Account via ...

    • Can a mutual fund investor appoint a nominee?

      Yes, individual mutual fund investors can appoint a nominee to their investments to ensure the smooth transfer of units in case of the investor’s demise. This facility helps avoid legal complications and ensures the intended beneficiary receives the ...