All ITM Crude Option contracts on 16th March 2023 will be converted into Futures contracts. To avoid square-off, ensure that you maintain sufficient margin...
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Nomination is an important aspect of managing your account in your absence, whether it's your bank account, trading account or Demat account.
Why should you add a Nominee?
A nominee is the person or person(s) you legally appoint to own your shares in your absence.
- 🔸 Adding a nominee can provide peace of mind knowing that your loved ones will be taken care of in case of an unfortunate event
- 🔸 It can help avoid potential disputes among your heirs about who should inherit your assets
- 🔸 Saves your loved ones from having to go through tedious paperwork to access your assets in case of your death
How can you add a nominee to your Upstox Demat+Trading account?
- - Log in using 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.
To know the detailed steps to add/update your Nominee, read this blog.
Kindly ensure you add/update your Nominee by 15th May 2023.
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