Are Nominee details mandatory with the FYERS Demat account? How to add or update the Nominee details?

Question

Are Nominee details mandatory with the FYERS Demat account? How to add or update the Nominee details?

Accepted Answer · 2022-04-21

Yes. As per SEBI’s latest guidelines, Nomination and Declaration is mandatory for all the users on or before 31^st March 2023. At Fyers following steps you need to perform:

Go to the My Account portal. Select 'Online Nomination', and click on 'Proceed to Submit' (If you do not get a pop-up, you can go to the Account Details to update the nominee).
Select the option ‘I wish to Nominate’
Enter all the required details along with true identification proof. (Max 3 nomination as applicable). Enter submit after filling all the fields.
On submitting, the E-digio sign screen will come. Click ‘Always Allow’ and ‘Done’ if missing the e sign pop up.
Click on ‘Proceed to E sign’ and complete the procedure via Aadhar OTP.
Nomination details will update Within 7 working days.

Are Nominee details mandatory with the FYERS Demat account? How to add or update the Nominee details?

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