Question 1

How do I add or change a Minor/Major the Nomination/Nominee (Minor Included) on my account?

Accepted Answer

Please follow any of the applicable processes to add/change a nominee on the account On Online platforms:Traders & Investors: Click on your name or the initials of your name on the top >> Personal & contact details >> Edit ProfileWeb Portal: Please visit; (https://login.axisdirect.in/?redirectPage=My%20Page) & login to the account to access the ‘My Profile’ page >> Click on the ‘Add Nominee’ tab >> Fill the details of the nominee >> Complete Aadhaar E-sign processTo now more, please click on the link below to know steps on how to update a nominee online:Steps for online process  Offline (Joint/Multiple, HUF, NRI &  Non - Individual account holders):If you have multiple holders on the account, please submit the following form at the nearest Axis Bank branch or mail it to the address given below:(Download Path: NSDL - www.axisdirect.in >> Support >> Downloads >> Trading & Demat Account Nomination Form)Document Submission Address: Axis Securities Ltd. Unit No. 1001, 10th Floor, Level – 6, Plot No. 4/TTC, Q2 Building, Aurum Q Parc, Thane Belapur Road, Ghansoli, Navi Mumbai-400710  Please note: The nomination will be updated in 3 working days once we receieve the request online or offline.Single Accounts/Folios: Nomination is mandatory for all single holder accounts/folios, unless the investor submits the prescribed Opt-out declaration (Annexure B).Joint Accounts/Folios: Nomination is optional for jointly held Demat accounts/folios.Consent of Joint Holders: Consent of all joint holders is required for providing or changing nomination, irrespective of the mode of operation.Number of Nominees: Investors can nominate up to 3 nominees.Mandatory Nominee Details: Name of the nominee and relationship with the investor. Date of birth is mandatory where the nominee is a minor.Optional Details: Nominee's mobile number, email ID, percentage share, KYC/identifier details and guardian details in case of a minor nominee.Where the percentage share is not specified, the assets will be apportioned equally among the nominees. Any odd lot arising from such division will be transferred to the first nominee mentioned in the form.Investors opting out of nomination must submit the prescribed Opt-out Declaration – Annexure B.Online customers can opt out of nomination in the Nomination journey, for offline customers the opting out option is available in the nomination form mentioned above.

Question 2

Who can be a nominated on a Demat & Trading Account?

Accepted Answer

Only an individual can be a nominee. Non individuals like society, trust, body corporate, partnership firm, Karta of Hindu Undivided Family or a Power of Attorney holder cannot be a nominee in the Demat & Trading account.

Need help? You are in the right place