Groww is most popular app among investor and mutual fund retailers. Add nominee before 31 march 2023 because SEBI passed circular notice and said last date is 31 march 2023.
What is Nominee ?
Nominee is a person who get all shares when your demat account become dormant or in case you died. Nominee is responsible for your assets and liabilities.
Who Should Be the Nominee in Groww ?
Your parents, your sister, brother, wife grandparents, uncle, aunty, friends, etc. Adding parents for nomination is best suitable.
Documents Require To Add Nominee in Groww ?
For adding nominee in groww, few documents require without those documents we can’t add nominee in groww.
- Aadhar Card
- Pan Card
Steps to Add Nominee in Groww App ?
Groww is known for its simple user interface and and easy to understand. Adding nominee in groww is easy. Follow steps to add nominee.
1)Open Groww app
2) Click on Top most Right corner when your google account logo is shown.
3) Then click on account details
4) Then at last Add Nominee option button is shown.
5) Click on add nominee and fill name of nominee, relation, date of birth and identity proof.
6) Submit. you add nominee in groww successfully.
More Calculators :- Groww Share Price Average Calculator
Last Date to Add Nominee In Demat Account ?
The Securities and Exchange Board of India (SEBI) has made it mandatory for investors to nominate a person in their Demat account.
As per SEBI regulations, there is no specific deadline for adding a nominee to a Demat account.
However, it is advisable to add a nominee at the earliest convenience to ensure that the nominee can receive the benefits of the holdings in case of the account holder’s unfortunate demise.
Also, note that the nomination facility is available to all individual Demat account holders and is not applicable to joint accounts, partnership accounts, or accounts held by Hindu Undivided Families (HUFs) or corporate bodies.
If you have any specific questions about adding a nominee to your Demat account, it is best to contact your Depository Participant (DP) or broker for more information.