General

How to make nomination in Demat account

You can make a nomination of your account in favour of any person(s) by filing up the nomination details in the account opening form. This is to enable the nominee(s) to receive the securities after the death of all the holder(s) of the Demat account.

Nominees can be appointed by individuals only. Non-individuals including society, trust, body corporate, partnership firm, Karta of Hindu Undivided Family, holder of power of attorney cannot nominate. Where a minor is appointed as a nominee, the name and address of the guardian is also required to be obtained.

Where a nomination has not earlier been made or where an earlier nomination is ought to be changed, you can submit a duly filled-in nomination form at the nearest ICICI bank demat servicing branch. Nominee request to be submitted by the account holder. Nomination can be made upto three nominees in a demat account. In case of multiple nominees, the account holder to specify the percentage of share for each nominee that shall total upto hundred percent. In the event of the beneficiary owner not indicating any percentage of allocation/share for each of the nominees, the default option shall be to settle the claims equally amongst all the nominees. Any odd lot after division shall be transferred to the first nominee mentioned in the form.

Please ensure to mention the all the details mentioned on the Nomination form:

• Nominee Name
• Share % is mandatory in case of more than one nominee
• Nominee relationship with account holder
• Nominee address & contact details
• ANY ONE Nominee Identification details

1. Nominee Photo & Signature – here nominee signature is required only if the photograph is provided
2. PAN – Only PAN no is to be mentioned on the form. Copy is not required
3. Aadhaar – Last 4 digits of the Aadhaar is to be mentioned on the form. Copy is not required
4. Savings bank account number – If ICICI bank account, then only the account number to be mentioned on the form
5. Proof of identity – self attested copy of proof of identity other than PAN & Aadhaar is to be taken after selecting the option. E.g. Passport copy, Licence card, voter’s id card etc.
6. Demat Account ID - If nominee has an ICICI Demat account number, only account number to be mentioned else can ask the customer to share the demat details of other DP

In case if you do not want to add a nominee(s) in the demat account or wish to opt out of nomination, kindly submit the ‘Declaration Form for opting out of nomination’ at the nearest ICICI Bank branch offering Demat services.