You can add a nominee to the Zerodha account either online or offline, The process is hassle-free and may take around 5 days to complete. Once the nominee is successfully registered with your account, you will receive an email notification.
However, as per the SEBI circular, if you are an existing account holder, you can add nomination details until September 30, 2023. It may take up to 5 days to process your nominee addition request.
How To Check Nominee in Zerodha
You can check your nominee in Zerodha through console or kite mobile app, follow the below steps:
#1. Check Nominee in Zerodha on Console
Step #1. Log in to your Zerodha account by visiting console.zerodha.com.
Step #2. Click on “My profile”.
Step #3. Then click on “Nominees” and click on the “View” button.
Step #4. If you have already added a nominee, you can view their details on this page.
Step #5. If you have not yet added a nominee, you can do so by clicking on the “Add Nominee” button and filling in the required details.
#2. Check Nominee in Zerodha on Kite App
Step #1. Open the Kite app and log in to your Zerodha account using your credentials.
Step #2. Tap on the “More/User icon” option located at the bottom right corner of the app screen.
Step #3. From the list of options that appear, select “Profile”.
Step #4. Click on “Manage Account” and you will be redirected to the console page.
Step #5. Then click on the “Nominee” and you will see the nominee details.
Step #6. If you have not yet added a nominee, you can do so by clicking on the “Add Nominee” button and filling in the required details.
Make sure to keep your nominee details updated, as it can help your family members to claim your investments in case of any unfortunate event.
3 Different Ways to Add Nominee in Zerodha Account
#1. Add Nominee in Zerodha Account Online on Console
To add a nominee to your Zerodha account online, you must link your mobile number to Aadhaar.
Follow the steps given below to add a nominee to your Zerodha account:
Step #1. Log in to your account on console.zerodha.com/dashboard.
Step #2. Click on the “Account>>Nominees.”
Step #3. Click on the “Add nominee” button. You can add up to 3 nominees.
Step #4. Enter the details of the nominee(s) and upload their ID proof. If you’re adding multiple nominees, select the percentage of share they will receive accordingly. If you’re adding a single nominee, enter the percentage of share as 100%.
Step #5. Click on “Continue”.
Step #6. Click on “Proceed to e-sign”. If an error like “Failed to e-sign” appears, you can either upload an alternative ID proof or remove the password protection and upload a file without a password.
Step #7. Click on “Sign now”.
Step #8. Accept the terms and conditions, enter the Aadhaar number of the account holder, and click on “Send OTP”.
Step #9. Enter the OTP you receive and click on “Verify OTP”.
Step #10. Once the process is completed, you will receive an email notification. It may take up to 72 working hours for the nominee to be added to your account.
#2. Add Nominee to Zerodha Account Online on Kite
To add a nominee to your Zerodha account online via Kite, follow these steps:
Step #1. Login to your Zerodha Kite account using your credentials.
Step #2. Click on the User icon located on the top right corner of the page.
Step #3. Select the “My Profile” option from the drop-down menu.
Step #4. Click on the “Manage Account” and you will be redirected to “Console My Account Page”.
Step #5. Click on the “Nominee” and follow the same steps of the console to add a nominee to your Zerodha account.
Step #6. Click on the “Add Nominee” button. You can add up to 3 nominees.
Step #7. Fill in the details of the nominee(s), including their name, relationship with you, and share percentage. If you’re adding multiple nominees, make sure the percentage of share adds up to 100%.
Step #8. Upload the nominee’s ID proof. You can upload Aadhaar, Voter’s ID, Driving license, or any other valid ID proof.
Step #9. Click on the “Continue” button.
Step #10. Review the details and click on the “Proceed to e-sign” button.
Step #11 Click on the “Sign now” button.
Step #12. Accept the terms and conditions and enter your Aadhaar number.
Step #13. Click on the “Send OTP” button.
Step #14. Enter the OTP you receive and click on the “Verify OTP” button.
Step #15. Click on the “Confirm” button to complete the process.
Step #16. An email notification will be sent to you once the process is completed, and the nominee will be added to your account within 72 working hours.
If your mobile number is not linked to Aadhaar, follow the offline process to add a nominee.
#3. Add Nominee in Zerodha Account Offline
To add a nominee(s) to your Zerodha account offline, follow these steps:
Step #1. You need to download the nomination form – Annexure 1A.
Step #2. Fill in the required details for the nominee, including their name, share percentage, and address.
Step #3. Sign the form and attach the nominee’s ID proof. The ID proof can be Aadhaar, Voter’s ID, and Driving license.
If Aadhaar is submitted as proof, make sure that a masked Aadhaar is submitted. This means blacking out the first 8 digits of the Aadhaar number so that only the last four digits are visible. You can download a masked Aadhaar online, visit myaadhaar.uidai.gov.in/ and select “Do you want a masked Aadhaar?”.
Step #4. Courier the completed form and attached documents to the following address:
Zerodha,
153/154, 4th Cross, J.P Nagar 4th Phase,
Opp. Clarence Public School,
Bengaluru – 560078
The nominee details will be added within 72 working hours after receiving the forms.
Update or Modify the Nominee Details in Zerodha
You can also modify the nominee details in your Zerodha account by online or offline methods. You will be charged Rs. 25 for account modification.
For online modifications
You can modify only specific nominee details such as date of birth, address, relationship, email ID, and mobile number.
To initiate the modification process, you need to create a ticket and upload the e-signed nominee form and the account modification form.
For offline modifications
If you want to change, delete, or modify the existing nominee details, you need to courier the signed nominee form, account modification form, and nominee’s ID proof.
You can attach any of the following ID proof: Aadhaar, Voter’s ID, and Driving License. If you are submitting Aadhaar as proof, ensure that a masked Aadhaar is submitted.
Things You Must Know
- To ensure your privacy and security, when submitting Aadhaar as proof, it’s important to provide a masked Aadhaar where only the last four digits are visible. You can download a masked Aadhaar by visiting myaadhaar.uidai.gov.in/ and selecting the option “Do you want a masked Aadhaar?”.
- If the nominee is a minor, provide details of the guardian and their ID proof. The account holder cannot act as the guardian of the nominee.
- The nominee(s) will be applicable to both the trading and demat accounts, as well as mutual fund investments made through Coin.
- Non-individual accounts and Charitable trusts cannot have a nominee.
- Joint account holders can only add nominees through the offline method.
- NRIs can add nominee(s) online, only if their Aadhaar is linked to their active mobile number.
- An email notification will be sent to the nominee if the account holder fails to complete Re-KYC within 30 days.
Conclusion
If you have any query regarding how to add or modify a nominee details in zerodha account, let me know in the comment section below.
