How to Add a Nominee?

2 mins read
by Angel One

Step 1: Accessing the “Update Nominee” option:

  • Log in to the Angel One app, access the Profile section from the home page. Use your mobile number/client ID and OTP to login.

Step 2: Click on “Personal Details”.

Step 3: Click on Nominee

Step 4:  Click on ‘Add Nominee’ and enter Nominee details.

Step 5: A form to enter nominee details will appear. Please fill in all the required nominee information.

                   

Step 6: After providing all the nominee details, click on “Save Nominee”. If you want to add more nominees, click on “Add another nominee”. You can add up to 3 nominees

  • “If you are adding more than one nominee, ensure that the total percentage share across all nominations adds up to 100%
  • If the nominee is a minor (under 18 years of age), you will also need to provide the guardian’s details

Step 7: Click on ‘Proceed to eSign’ to continue.

 

Step 8: You will be redirected for e-signing the request. Enter the Aadhar details & OTP sent on the mobile number linked to the Aadhaar card.

  • Make sure to use your own Aadhar card for e-signing

Step 9: The request will be processed in 4 – 6 working days.

How to delete a nominee?

Step 1: Accessing the “Update Nominee” option:

  • Log in to the Angel One app, access the Profile section from the home page. Use your mobile number/client ID and OTP to login.

Step 2: Click on “Personal Details”.

Step 3: Click on Nominee

Step 4 : Delete Nominee

Step 5 : Select Opt – out of nominee option.

Step 6 : Select ‘Yes opt out’

Step 7 : You will be redirected for e-signing the request. Enter the Aadhar details & OTP sent on the mobile number linked to the Aadhaar card.

  • Make sure to use your own Aadhar card for e-signing

Step 8: The request will be processed in 4 – 6 working days.

FAQs

Why should I add a nominee?

Below are a few reasons why you should appoint a nominee.

  1. Keeping the nominee updated makes the transfer of securities easy in case of an unfortunate event.
  2. Saves your relatives the hassle of collecting and submitting multiple documents like NOC and affidavits to the authorities.

How many nominees can I appoint?

At Angel One, you can appoint a maximum of 3 nominees. However, the percentage total assigned to the nominees should be 100%.

How can I remove a nominee?

To remove a nominee, you need to choose opt-out in the ‘Nominee’ Section after logging in.

Can I change a nominee?

Yes, you can add or delete a nominee through our app.

Who can I appoint as a nominee?

Nominee can be your:

  1. Father
  2. Mother
  3. Spouse
  4. Siblings
  5. Children
  6. Minor, provided details of their guardian are also added
  7. Anyone

Please note that non-individuals like a Corporation, Karta of HUF, or the society can’t be appointed as a nominee.