Are looking for How to Add Nominee in Zerodha. Then you are at the right spot, in this article, we are going to share a complete guide on How to Add a Nominee in Zerodha Complete Guide.
As already know SEBI has made it compulsory to add nominees. Previously the deadline for providing the choice of nomination details was supposed to in 31st March but SEBI has extended it to September 30, 2023. If you don’t complete the nomination process before the Due date then your account will be frozen.
After that, you won’t be able to sell or purchase any kind of securities. To complete the nomination process in Zerodha you will only need documents of the nominee. The nominee can be added to your Zerodha account using mobile or desktop easily if your mobile number is linked to your AADHAR card.
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How To Add Nominee in Zerodha Kite App?
Login
To Begin with, you will need to log in to your Zerodha account using your credentials. After that head over to the profile section by selecting the profile icon from the bottom dashboard. Again Select the Profile option.
Head over To Manage Account
On Profile Page you will find a “Manage Account” option, simply select that. Upon Selection, you will be redirected to the Console Page.
Console Page
On the Console Page, you will see Blue Arrow, select this arrow. Now you will see another menu bar and from there you will have to select the “Nominee” Option. After that, you will find the “Add Nominee” option.
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Enter Nominee Details
After Selecting the “Add Nominee” option a new page will open up. Here you have to enter Nomine details like Name and relationship and Enter the amount of share you wish to give to the nominee. If you enter 100% then you won’t be able to add any other nominee.
Upload Documents
Upload a clear photo of any of these documents like a Masked AADHAR Card, Voter Card, PAN, Passport, Driver’s Licence, and Birth certificate. Zerodha only accepts Masked AADHAR cards. If you have a normal AADHAR Car with all 12 digits visible you can still submit it. However, before uploading you will need to hide the first 8 digits, only the last 4 digits should be visible.
Also if you are uploading direct photo of documents then try to capture photos in good lighting conditions also if possible flash light. Also, Don’t use any kind of symbols in the file name or else the file won’t upload. Finally hit continue.
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Complete e-Sign
In the final step, you will need to complete eSign. Accept all the T&Cs and hit “Proceed to e-Sign”. Enter your AADHAR Card Number(Account Holders AADHAR Card Number) and select the send OTP option. Enter the OTP received in your AADHAR-linked mobile number.
Thats it! the process may take up to 7 days from Zerodha’s end to complete your request. Once done you will receive a mail in your email address.
How To Add Nominee in Zerodha Web?
If you want to add a nominee in Zerodha using the web platform then you can do it in a few simple steps. It’s almost similar to the mobile version. Here are the steps To Add a Nominee in Zerodha Web:
- First of all login to Kite Web using your login ID and the enter App Code which you can find in your Zerodha App.
- After login, Click on the Profile icon and then select “My Profile”.
- Now select the Manage option.
- Upon selecting the Manage option you will redirected to the Console Page. On this page, you will have to select Account and then Click on Nominees.
- Select the Add Nominee option.
- Enter all the details and upload a valid ID proof of the nominee.
- Finally, complete the e-sign process.
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How To Add Nominee in Zerodha Offline Method?
If your mobile number isn’t linked with your AADHAR Card then you won’t be able To Add a Nominee in Zerodha using the online method. You either have to link your number with AADHAR by visiting the nearest branch it may take up to 30 days. Otherwise, you will have to Courier the Nomination form along with a photocopy of the nominees’ valid ID proof like a masked Aadhaar, Voter’s ID, Driving licence, etc.
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Common Errors while adding Nominee in Zerodha
Failed to eSign: If this error shows up then, try to upload the file without a password otherwise upload an alternative ID proof.
Pincode Error: If you use a Pincode that is unavailable on the Indian Post website, you will see this notice.
Filepath Error: If you have used any kind of symbol or special character in the document file then you will see this error while uploading it. Simply rename it to the ID Proof like AADHAR Card or PAN Card and reupload it.
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Things To Know Before Adding Nominee in Zerodha
- Zerodha only accepts Masked Aadhar if you opt for Aadhaar as an ID proof of the Nominee. To Download MASKED AADHAR you will have to visit UIDAI’s official website. Otherwise, you click or upload a normal AADHAR card simply by hiding the first 8 digits.
- The nominee receives an email notification if the account holder has not completed the Re-KYC within 30 days.
- If the nominee is a minor, you need to provide the details and ID proof of the guardian. An account holder cannot be added as a nominee’s guardian.
- Joint account holders can only add a nominee using the offline method.
- In addition to the trading and demat account, the nominee applies to the mutual fund investments made through Coin.
- Charitable trusts cannot be added as a nominee.
- Non-individual accounts cannot have a nominee.
- Dormant account holders have to reactivate their account first after that they can able to add a nominee.
- The date of birth, Address, Relationship, Email ID and Mobile number of the Nominee can be modified online.
- Users can add max 3 nominees to their account.
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FAQs: How To Add Nominee in Zerodha
Nominees are individuals who are designated to receive mutual fund units, and equities held in a demat account when the owner passes away.
To update nominee details in Zerodha you will need to courier the signed nominee form, the account modification form along with the ID proof of the nominee.
If you have already added a nominee in your Zerohda Kite account then you don’t have to add a nominee for mutual fund holdings on Coin. Since both of these platforms are linked.
We can add up to 3 nominees in the Zerodha account. If you have added 100% share to a single person then you won’t be able to add any other nominee online and if you wish to add more nominees then you will have to do it in the offline method.
When the nominee is a minor, provide the details of the guardian and proof of identity of the guardian. Also, the account holder cannot be added as the guardian of the nominee.
You can modify or update the Date of birth, Address, Relationship, Email ID and Mobile number of the Nominee online. For this, you will have to create a ticket mentioning your issue.
