Nomination Deadline: Before 31st December, mutual fund and demat account holders should complete all the nomination work related to the nominee as soon as possible. Otherwise you may have to face problems later.
31 December Nomination Deadline: The year 2023 is about to end and with this, the deadlines for many tasks are ending on 31st December. If there is no nominee added in your mutual fund and demat account, then complete this work as soon as possible. The Securities and Exchange Board of India (SEBI) has set December 31, 2023 as the deadline for adding nominees to demat and mutual fund accounts.
If you do not add a nominee to your account by this date, your account will be frozen. After this, it will be restarted only after adding the nominee. If you want to avoid this kind of trouble, then complete this work today itself.
Why is it necessary to add nominee?
SEBI advises all investors to add a nominee in their mutual fund and demat account because in the absence of a nominee, if the account holder dies, then in such a situation the process of claiming the money deposited in the account becomes very long and difficult. Is. In such a situation, all the legal heirs have to claim the money. At the same time, if the account holder dies due to any reason after the nominee is added, then the nominee can easily claim the money and take it.
How to add nominee in demat account?
1.To add a nominee, first visit NSDL portal.
2.Home here Click on the option of Nominate Online on the page. OTP has to be entered.4.Next you have to select the option of I wish to Nominate.5. a>After this the nomination process will be completed. 9.After this, OTP will come on your registered mobile number, enter it.8. Along with this, how much share of the amount do you want to give to all the nominees? This will also have to be entered.7.Keep in mind that in the demat account you You can add the names of at least one and maximum three nominees.6.After this you will have to enter all the details of the nominee like name, age etc.
How to make nomination in mutual fund?
The nomination process in mutual funds can be completed through both online and offline modes. To complete the nomination through online mode, you should complete it by visiting the official website of the mutual fund. Those who have invested in mutual funds through offline mode should fill the form and submit it directly to the RTA (Registrar and Transfer Agent). After this the nomination process will be completed.
