General

Why is it important to add or update a nominee?

If you don’t nominate anyone, transferring your assets may become complicated, requiring legal documents such as a succession certificate or probate, which can be time-consuming and costly.

Updating your nominee helps:

• Ensure smooth transfer of assets

• Avoid family disputes

• Save time and legal costs

• Provide peace of mind for you and your family

It is also important to update/change the nominee in the Demat account periodically if there are events such as marriage, divorce, birth of a child, or loss of a nominee.