As per SEBI guidelines, all existing Demat account holders (NSDL & CDSL) will have to mandatorily provide either for nomination or to opt out nomination on or before June 30, 2024, failing which such demat accounts will be freezed for debits.

Online updation link for nomination (NSDL only)

NSDL has launched the online opt-in / opt-out facility for nomination wherein the existing Demat account holder (applicable for single account holder only) will have the ability to opt-in / opt-out of nomination in an online mode on NSDL web portal viz., https://eservices.nsdl.com/instademat-kyc-nomination/#/login.

Further please note, for nomination submitted by client (sole holder) thru the above online nomination link, the transaction fee Rs. 20/- which would be levied by NSDL would be charged to the client in their monthly billing being the esign cost.

However for Demat account with joint holding, nomination form (format enclosed Click here) in case of opting for nomination and in case of no nomination for opting out of nomination (format enclosed Click here), physical form would be required (mandatory) to be submitted to the Bank.

For CDSL

For opting in /opting out facility for Nomination client is required to submit physical request (as per format enclosed Click here) to any of his/her nearest branch of Saraswat Bank.
 

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