Yes, there is still time for demat account holders to submit nominations. The deadline has been extended to December 31, 2023.
demat account holders to submit nominations?
You can submit your nomination form to your demat account provider. The form is usually available on their website or at their branch office.
Here are some of the benefits of nominating a beneficiary for your demat account,
It ensures that your securities are transferred to your loved ones in a timely and hassle-free manner in case of your death.
avoids any disputes or confusion among your family members about the ownership of your securities.
gives you peace of mind knowing that your assets will be taken care of in case of an unfortunate event.
I urge you to submit your nomination form to your demat account provider as soon as possible. It is a simple process that takes just a few minutes, but it can make a big difference to your family in the future.