Adding a nominee is one of the most important steps when opening a demat account, yet many investors skip it, thinking it’s optional. In reality, not having a nominee can create major legal complications for your family later, especially for legal heirs trying to claim securities held or assets held by the account holder. Thankfully, platforms like Tradejini now allow you to add a nominee completely online through CubePlus, making the online process quick, paperless, and hassle-free for all the account holders. In this guide, you’ll learn what a nominee is, why it matters, and how to add one to your Tradejini CubePlus demat account easily, ensuring your investments and mutual fund units transfer smoothly without legal hurdles or additional legal documents.
What Is a Nominee in a Demat Account and How Does It Work in an Online Demat Account Setup?
A nominee in a demat account is a person officially designated to receive your stocks, mutual funds, bank account–linked holdings, and other securities in case of your death. The concept is similar to naming a beneficiary in a bank account or mutual fund folio no or an insurance policy, where a person designated as a registered nominee receives the claim.
In simpler terms:
A nominee ensures your investments pass smoothly to the right person without legal hurdles. When there is no nominee added, your family must go through a long legal process involving: Succession certificates, legal heirship documents, court procedures, death certificate verification, and delays related to depository participant (DP ID) confirmations. This can take weeks or even months. A nominee eliminates all of this effort because your broker, bank, and depository (NSDL/CDSL) already have a nominee registered for your account number, making it easy for legal heirs to claim the securities.
Why Adding a Nominee Is Important
Adding a nominee is not just a formality; it protects your financial legacy and simplifies the claim process.
Here’s why it matters:
Seamless Transfer of Holdings
Your demat account holdings, mutual fund units, and securities held can be directly transferred to the nominee without legal disputes, prescribed form submissions, or extra legal documents.
Avoids Family Conflict
Clear nominee information avoids confusion or disagreements among family members, joint account holders, or Hindu Undivided Family (HUF) members.
Mandatory for Many Accounts
Regulators have made a nominee declaration compulsory unless you specifically opt out using the nomination form or registration form.
Prevents Account Freezing
If an investor dies without a nominee, the demat account may remain frozen until legal documents are provided, such as a succession certificate, a self-attested copy of ID proof, or documents mentioned by the broker or notary public/gazetted officer. Adding a nominee is a 5-minute step that saves your family months of paperwork later and prevents issues during an unfortunate event.
How Does a Nominee Work in a Demat Account During the Online Process and E-Signing?
When you add a nominee:
The nomination is recorded with the depository participant (NSDL/CDSL).
It applies to your demat + trading account and mutual fund investments linked to your PAN card.
It stays valid until you change or remove it.
The nominee receives ownership rights of your holdings when you pass away, after submitting the required documents.
If there are multiple nominees, the assigned percentage distribution is followed.
A nominee is not the owner. While you are alive, your full control remains.
Who Can Be a Nominee When You Want to Add a Nominee or Add a Nominee for Your Holdings?
You can appoint: Spouse, Parents, Children, Siblings, Any trusted family member, or in special cases, even a non-relative or body corporate in case of non-individuals like partnership firms or corporate accounts.
If the nominee is a minor, you must also add a guardian and provide the minor’s birth certificate.
How Many Nominees Can You Add, and Can You Have More Than One Nominee Linked to Your Mobile Number?
Most brokers (including Tradejini) allow up to three nominees.
You can split the ownership as:
100% to one nominee
50%–50% between two nominees
40%–30%–30% among three nominees
The ratio is completely your choice, and all the nominees can be updated anytime via the online process.
How to Add a Nominee in Tradejini CubePlus (Step-by-Step Guide Using the Online Process and Aadhaar E-Signing)
If you didn’t add a nominee when opening your Tradejini account, you can still do so anytime via the dedicated ReKYC portal. Follow these steps:
Visit the Nominee Registration Link by clicking on : https://rekyc.tradejini.com/home/nominees
Log in with your credentials, then enter your client code and the OTP received on your registered mobile number/email. You will then be redirected to the nominee registration page.
Navigate to Nominees in the left-side menu, then click on Add Nominee. You will then be redirected to the nominee registration form.
Add your nominee's details by filling in the required information:
Nominee’s full name
Relationship
Nominee’s Date of birth
Nominee’s Email ID
Nominee’s Pan
Percentage share
Guardian details (only if nominee is a minor)
Once all details are entered, click Confirm to proceed.
Complete your Aadhaar eSign process by completing the following steps:
Enter your Aadhaar number
Verify OTP
Approve the final eSign
Your request will be submitted and processed shortly.
Key Takeaways
Adding a nominee is essential to ensure your demat holdings transfer smoothly to your chosen person without legal hurdles or lengthy court procedures.
Tradejini CubePlus and ReKYC portal make nominee addition fully digital, allowing you to add or update nominees in just a few minutes using Aadhaar eSign.
You can add up to three nominees, allocate percentage shares, and modify or replace nominees at any time, giving you complete flexibility and control over your demat account inheritance planning.
Start yours with smart investing on CubePlus and take control of your financial goals.
Disclaimer: The information provided in our blogs is for informational purposes only and should not be construed as financial, investment, or trading advice. Trading and investing in the securities market carries risk. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results. Copyrighted and original content for your trading and investing needs.
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