Is a nominee mandatory?

No. A nominee is not mandatory. You can select “I do not want to provide a nominee” in the registration process.

However, we highly recommend that you add a nominee. The nomination facility has been designed to ensure smooth transmittal of an investor’s wealth, should something happen to the investor.

Was this article helpful?

Yes No

Other questions you might have about Account Opening

Why do I need to invest using my child’s bank account for my child’s investments?
- 0
- 817
How do I create a Scripbox account for my child who is a minor ?
- 1
- 872
How do I get spelling mistakes corrected with my name? Ex: Swetha Pandit becomes Shweta Pandit (spelling mistakes)
- 2
- 1696
I have recently gone through a divorce process, due to which my name got changed. How do I update it for my investments made with Scripbox?
- 0
- 1092
I recently got married, due to which my name got changed. How do I update it for my investments made with Scripbox?
- -3
- 1349
I have made the investments in my child’s name (minor’s name). Now how do I change my child’s name with mutual fund houses & with Scripbox?
- 0
- 751

Is a nominee mandatory?

Was this article helpful?

Other questions you might have about Account Opening

Related Articles

Get started with investing today

Practical Insights For Wealth Creation

Get the Scripbox App