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Home Personal Finance Demat account will be frozen after this day, you will not be...
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Demat account will be frozen after this day, you will not be able to do transactions; do this work immediately

By
Pravesh Maurya
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September 17, 2023
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    Demat account will be frozen after this day, you will not be able to do transactions; do this work immediately
    Demat account will be frozen after this day, you will not be able to do transactions; do this work immediately
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    Demat Account Nomination: If you also invest in the stock market, then you should complete the important work related to Demat account.

    Demat Account Nomination Update: If you also have a Demat account, then very important news has come for you. Nomination in demat account has been made mandatory. The market regulator has said that those who have already filled the nomination, they do not need to do this work.



    Guidelines have been issued by SEBI, in which it has been said that it is necessary for all investors to fill the nomination. If an investor misses or does not do this, his account will be frozen, which means that you will not be able to do any transaction from the demat account.

    Only so many days to add nominations

    According to the notification issued by SEBI, the last date for adding nominee in the demat account has been kept as 30th September. If this work is not completed before the deadline then investors will be stopped from making transactions.

    How to add nominee

    With the help of NSDL you can nominate someone for your demat account online. This rule applies to residents and individuals with a single demat account. Demat account holders can add a maximum of three nominees using this option.

    Process to add nominee in NSDL demat account

    • To add a nominee, first click on https://eservices.nsdl.com/instademat-kyc-nomination/#/login .
    • Now you will have to provide information about DP ID, Client ID and PAN.
    • After this, OTP will come on the mobile number registered with your demat account.
    • Now select ‘Nomination’ or click on Opt Out.
    • Then e-sign using Aadhaar.

    Who can add nominee

    Any single person can be made a nominee. Whereas society, trust, body corporate, partnership firm, Hindu undivided family cannot be added to the demat account as a nominee. However, if you want to update or add another nominee later, you can do so.

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    DISCLAIMER

    We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
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      Pravesh Maurya
      Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com

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