How to Add Nominee in Demat Account Online?

Opening a Demat account is a hassle-free process, and upon doing so, you gain immediate access to the world of investment. However, when setting up the account, do not forget to add a nominee. This simple action allows for a smooth transfer of your accumulated wealth to your successor in your absence. 

In addition, SEBI's revamped rule introduced in March 2025 makes it much easier for nominees, cutting down paperwork and ensuring a hassle-free transfer of assets. 

Read this blog and learn how to add nominee in Demat account online and its importance.

Quick Synopsis

• Adding a nominee ensures a smooth transfer of securities and wealth created from investment in case of the untimely demise of the account holder.
• You can add your parents, siblings, children, spouse, etc., as a nominee.
• You can use the portal or app by your DP or the NSDL portal to add a nominee.

What Does a Nominee Mean in a Demat Account?

Unfortunate events can appear out of nowhere, and therefore, you must secure your wealth and your family’s future by adding a nominee. 

You can think of nominees as beneficiaries who can manage or inherit your accumulated wealth from investments rightfully in case of your absence due to any unfortunate incident.

Nomination is the facility, using which you can add trusted individuals, such as your parents, spouse, children, etc., to your Demat account.

Process to Add Nominee in Demat Account Online

Take note of the following steps to add a Demat account nominee online:

Add a Nominee Using Your Online Demat Account Portal

You can use the online portal or app provided by your depository participant:

1. Visit the portal or open the app and look for the option to add a nominee.
2. Select the option, enter nominee details and choose the nomination type.
3. Specify the number or percentage of securities, verify Aadhaar Card details (if asked), complete an OTP verification and submit.

Add a Nominee in a Demat Account Using NSDL

Here is how to add nominee in Demat account via the NSDL portal:

1. Go to the official NSDL portal or click here.
2. Fill out the DP ID, client ID and PAN card details and submit. You will receive an OTP on your registered number. Provide it on the next page.
3. Choose the ‘Opt-in/Opt-out Nomination’ and click on ‘I wish to Nominate’.
4. Enter the nominee details, provide an e-signature and do an OTP verification. You may need to complete an Aahaar e-signature by giving an additional OTP and then submitting it.

Individuals Who Can Be Added as a Nominee

You can add up to 10 Demat nominees, including the following individuals:

• A nominee can be your parents, spouse, sibling, children, etc.
• You can add minors as a nominee by providing their guardian's details.
• You cannot nominate entities like corporate bodies, HUFs or societies as it has to be a real person. 

Why Adding a Nominee to Your Demat Account is Important?

The following are the reasons why you should add a nominee:

• In case of the untimely demise of the Demat account holder, a registered nominee can claim the accumulated wealth or securities without lengthy legal procedures.
• Your investments remain unclaimed or become the focus of disputes between the successors if you do not designate someone.
• Upon adding a nominee, there remains no uncertainty about passing on your wealth, which brings you peace of mind.

Final Word

Learning how to add nominee in Demat account is important as an investor. When you add a trusted individual as your nominee, you ensure a smooth transfer of your securities or wealth created from investments in your absence due to unfortunate events.

Your Demat account lets you invest in the securities market, but it also involves market risks. However, with Stable Money, you can invest in safer options, such as fixed or recurring deposits, without a bank account. Download the app today!