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Nomination Required for Restarting Your Trading and DP Account

Post Date : October 30, 2023

We want to keep you informed about recent updates and changes in compliance regulations that affect your accounts. In accordance with a recent circular issued by the SEBI, we would like to bring to your attention the mandatory requirement of nomination for both trading and Demat (DP) accounts in all restart cases.

The latest extension for the updation of the nomination of all clients is 30th Nov 2023

As per the SEBI circular dated: February 24, 2022

Why Is Nomination Mandatory?

The SEBI has made it mandatory to have a nomination for all trading and DP accounts. This step is taken to protect the interests of investors and ensure the seamless transfer of assets in case of unforeseen circumstances.

As a result, without a valid nomination in place, your trading account will not be restarted. We kindly request you to take action on this immediately to avoid any inconvenience.

You can easily raise a request to add a nominee to your RMoney Demat & Trading Account. Follow the steps mentioned below to add a nominee in few simple steps:

Step 1: Visit our official website www.rmoneyindia.com. Click on the three lines on the top right for the drop-down menu.

Step 2: From the drop-down menu look for and click on Addition/Modification and Re-Start Module

Step 3: Enter your Client Code on the following page and click Login

Step 4: You will receive an OTP on your registered phone number. Enter the OTP in the following screen for verification.

Step 5: Select “Nominees” from the list. The right side of the screen will show you the details related to adding a nominee to your Demat Account. Click on “Add Nominee” to add a new nominee.

Step 6: Confirm the request through OTP verification.

Step 7: Add Nominee details as required. Click on “Save Nominee” followed by “Confirm & E-Sign”

Your request to add nominee details will be initiated. Once the process starts you will receive the confirmation through a mail on your registered email ID.

Watch the video for a step-by-step guide on adding a nominee to your Trading/Demat Account.