How to add nominee/change or update nominee name in a demat account

What is nomination in a demat account?

Nomination enables a demat account holder to specify who should receive the securities in the event of their death. You can make a nomination when opening a demat account or at any time later through your Depository Participant (DP).

Who can nominate?

Nomination is allowed only for individual demat account holders, whether the account is held singly or jointly.

Who can be a nominee?

• Only individuals can be nominated.

• Non-individuals such as trusts, societies, corporates, partnerships, and HUFs cannot be nominees.

How many nominees can you add?

• You may nominate up to three individuals for a single demat account.

• If more than one nominee is added, you must specify the percentage share each nominee will receive.

How to add or update a nominee through your broker (DP)

Most brokers offer both online (Aadhaar eSign) and offline (physical form) options.

Add or update a nominee online via the broker

1. Log in to your broker’s app or web platform.

2. Navigate to the Profile / Account Settings / Demat Details / Nomination section.

3. Select Add Nominee or Modify Nominee.

4. Choose an action:

• Add new nominee

• Update existing nominee

• Remove nominee

• Change percentage share

5. Enter nominee details, including:

• Full name

• Relationship

• Date of birth (if minor)

• Guardian details (if minor)

• Address

• Share percentage

6. eSign using Aadhaar

• Enter Aadhaar number

• Provide OTP sent to Aadhaar-linked mobile

• Receive confirmation via SMS / Email / App.

• Your DP typically approves the request within 1–3 working days.

How to add or update a nominee through NSDL online

Follow these steps to update your nominee directly from the NSDL portal:

1. Visit the NSDL nomination portal (http://nsdl.co.in/dpmplus.php)

2. Check if your DP supports online nomination

If your DP hasn’t enabled the facility, the portal will notify you.

3. Log In with demat credentials

Enter DP ID + Client ID

Enter PAN

Verify using OTP sent to your registered mobile and email

4. Choose your option

You will see:

“I wish to Nominate” – to add/change/update nominee

“Opt-out of Nomination” – if you choose not to nominate

Select I wish to Nominate.

5. Enter nominee information

You can add up to 3 nominees. Provide:

• Name

• Relationship

• Date of birth & guardian details (if minor)

• Address

• Percentage allocation

• Click Save & Next.

6. eSign through eSign service provider

OTP sent to your registered mobile

Verify and submit

7. Aadhaar eSign via Protean eGov

• Enter Aadhaar number

• Authenticate using OTP received on Aadhaar-linked mobile

8. Final NSDL verification

Enter the final OTP from NSDL

Submit and receive confirmation

9. Approval by DP

Your DP reviews the request.

You will receive an SMS from NSDL indicating: Approved, or Rejected (with reason)

Can a nominee be changed later?

Yes. You can change your nominee at any time by submitting a new nomination request, either online (via DP or NSDL) or offline using the nomination form.