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' and then 'Add Nominee'.
2. Nomination Choice: Choose 'I wish to nominate' for adding a nominee.
3. Nominee Details: Enter the required information and identification proof for up to three nominees. Then, click 'Submit'.
On submitting, a Digio e-sign pop-up will appear in a new window. In case the pop-up does not appear, you can enable it by selecting the option 'Always allow' and clicking on 'Done' as displayed in the image below:
4. e-Sign with Digio: A Digio eSign window will pop up. Choose 'Proceed to eSign' and finalize the process using Aadhaar OTP.
5. Completion: The nominee details will be updated within a week.
In case you want to opt-out of nomination, Select 'I do not wish to Nominate' and click on 'Continue' as shown in the image below:
Note: The nomination is now a mandatory procedure to be done by 31st December 2023, as per SEBI. The process will be initiated during account opening for new clients.
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