Nomination - 021 Trade

Nomination

A collection of 2 posts

Can we add an NRI as a nominee in existing individual account?

Yes, you can add an NRI (Non-Resident Indian) as a nominee in your existing individual demat or trading account. There is no restriction on the nominee's residential status — they can be a resident Indian or an NRI. You just need to provide the required nominee details such as

Is nomination mandatory in the Demat Account?

Adding a nominee is Voluntary. However, SEBI has made it mandatory to either appoint a nominee or opt out of nomination for all demat accounts. 021 Trade strongly recommends having a nominee to ensure the smooth transfer of assets in case of unforeseen events. If you do not wish to

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