As per SEBI regulations, every Demat account must either have at least one registered nominee or a declaration opting out. At FYERS, you can add nominee details during account opening or manage them later on the FYERS Web or App. This includes verifying details, adding up to three nominees, editing, or deleting existing nominees.
Adding a nominee during account opening
When opening a Demat account with FYERS (via Web or App), you must provide nominee details:
- Enter nominee information such as full name, relationship, and date of birth (if minor).
- Upload supporting documents, if required (e.g., guardian details for a minor nominee).
- Complete Aadhaar-based eSign using your registered mobile number.
- Once verified, the nominee is successfully linked to your Demat account.
If you missed adding a nominee during onboarding, you can update the details anytime later via FYERS Web or App.
Managing nominees after account activation
Once your account is active, you can add, edit, delete, or verify nominees anytime. You can add up to three nominees, and the total share percentage must equal 100%.
On FYERS App
- Log in to the FYERS App.
- Tap the menu (☰) → My Profile → Others → I wish to nominate.
Choose:
- I wish to nominate: Enter nominee details such as PAN/Aadhaar (last 4 digits if Aadhaar), name, mobile, email, relationship, date of birth, and residential details.
You can add up to 3 nominees. If adding multiple, ensure allocations total 100%.
- I do not wish to nominate: This will be recorded as a Declaration.
- Tap Continue and complete Aadhaar OTP eSign on Digio.
- Details will be sent for verification and processing.
To edit or delete a nominee on App
- Go to Profile → Others → Nominee list.
- Select a nominee → choose Edit or Delete.
- Complete Aadhaar OTP eSign.
- Changes will reflect after verification (2–5 working days).
On FYERS Web
- Log in at https://fyers.in/web/.
- Click your Profile icon → Others → I wish to nominate.
Choose:
- I wish to nominate: Enter nominee details.
- I do not wish to nominate: Recorded as a Declaration.
- Click Continue and complete Aadhaar OTP eSign via Digio.
- Submit for verification.
To edit or delete a nominee on Web
- Go to Profile → Others → Nominee list.
- Select a nominee → choose Edit (update details) or Delete.
- Complete Aadhaar OTP eSign.
- Changes reflect after verification (2–5 working days).
Important points
- You can add up to 3 nominees only.
- Share percentages across nominees must total 100%.
- Ensure nominee details (name, PAN/Aadhaar, relationship, contact, address) are accurate — errors can delay processing.
- Nominee updates usually take 2–5 working days after submission and verification.
What if...
| Scenario | Outcome |
|---|
| I add nominee during account opening | Details are recorded with your Demat account setup. |
| I skip nominee entry while opening | You can add nominee details later or submit a declaration to opt out. |
| I want to add nominee after activation | Use the Web/App nomination update option to add details. |
| My nominee is a minor | Guardian details and documents must be provided. |
| I want to change or delete nominee later | Edit or delete nominee via Web/App → complete Aadhaar eSign. |
| Nominee update is pending | Processing usually takes 2–5 working days after verification. |
| I entered incorrect nominee details | Edit nominee details and resubmit with Aadhaar eSign. |
| I face issues during eSign | Contact our Support for assistance. |
Important: SEBI mandates that every Demat account must either have at least one nominee or a declaration opting out of nomination.
Tip: It is strongly recommended to appoint a nominee to ensure smooth transmission of your holdings in case of unforeseen events.
Last updated: 19 Sep 2025