How to Add a Nominee to Your HDFC Securities Demat Account

HDFC Securities, a leading brokerage service and part of HDFC Bank, offers a streamlined method to add a nominee to your Demat account. Their 3-in-1 Investment account, combining Bank + Demat + Trading, simplifies financial management seamlessly.

A Demat account dematerializes physical assets such as bonds, mutual funds, and shares for convenient online trading. Whether an account is singular or joint (with up to three holders), appointing a nominee is essential. It ensures the nominee can receive the account's assets upon the holder's demise, facilitating a smooth asset transition.

The nominee in an HDFC Securities Demat account holds significant responsibility, selected to inherit the account’s securities posthumously. Key points include:

• Nominations can be established at setup or modified later.
• A nominee serves as the trustee with a legal entitlement to the assets.
• Nominees may be family, friends, or trusted persons, with up to three permissible.
• During the account holder's life, nominees lack transactional control.
• Upon the holder's death, nominees aid asset transfer per the holder’s wishes.
• Regular updates to nominee details should match current preferences.

To add a nominee online to your HDFC Securities Demat Account:

1. Navigate to the HDFC Securities site and search for "digital nomination HDFC securities."
2. Login using your credentials, enter the OTP sent to your registered mobile.
3. View your Demat account info and choose "ADD NOMINATION."
4. Select "ADD," provide the nominee's PAN number, and verify it.
5. Fill in nominee details and specify share allocation. Save and proceed.
6. Agree to the Terms & Conditions and continue with the e-sign procedure.
7. Input your Aadhaar, submit OTP, and verify your identity.
8. After completion, you receive a nomination confirmation.

Assigning a nominee protects your Demat account’s assets, allowing your chosen person to legally inherit the proceeds amid unforeseen events. This online method is both straightforward and efficient. For support, contact HDFC Securities Customer Care at 022 – 39019400, 022 – 64804444, or email customercare@hdfcsec.com.

Essentially, HDFC Securities provides an effortless means to assign a nominee, aiding effective Demat account management.