How to update a Nominee in Demat Account Online ?  Important - Upstox Demat Account Detailed Process
Channel: Sammeer Sumantt
Date: 2023-03-18

As per New SEBI GUIDELINES / Circular, Updating a Nominee in your DEMAT Account or Opting out of Nominee updation is mandatory before 31st March-23. 

This video is a explainer how to update a Nominee in your DEMAT Account. 

Process to Add a Nominee in your UPSTOX DEMAT Account.

Log in to your Upstox account with your Mobile Number

-Enter your 6-digit PIN or Biometrics
-Click on 'Account' and then 'Profile'
-Click 'My nominees' under 'Profile'
-You will be redirected to the 'Nominee details' page, where you will click on 'Add nominee' or 'Opt-out' 
-Fill in the nominee details and then click on 'Continue'
-Upload an ID proof of the nominee

-Once the documents are uploaded, enter the 'Nominee share in %' you want to give to that nominee. 

-You also have the option to add up to 3 nominees to your account. 

-'eSign with Aadhaar OTP.' You can eSign if your mobile & Aadhaar are linked.