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Your Zerodha Account

Why has the exchange or depository sent an email asking to add a nominee to the Zerodha account?

As per the SEBI circular (WEB), the deadline for providing the choice of nomination details has been extended to 30th June 2024. If the choice of nomination is not submitted, the account will be blocked. However, this does not apply to Zerodha account holders, and their accounts will not be blocked, as their choice of nomination is communicated with the exchanges when the account is opened. Zerodha recommends adding a nominee(s) in case of unforeseen events. For a video walkthrough on adding a nominee, see How to add nominee to your Zerodha account?

As per the SEBI circular (WEB), exchanges and depositories (PDF) must ask clients to opt-in or out of a nomination for their accounts. Clients are not required to act because Zerodha has communicated their preferences to the exchanges, and their trading account will remain unaffected.

Zerodha strongly recommends adding a nominee(s) to the account, as it is critical in planning seamless succession. To learn how to add a nominee(s), see How to add a nominee to the Zerodha account online? To learn if a nominee has been added to the account, visit console.zerodha.com/account/nominee.

Clients who have not added nominee(s) or do not wish to add a nominee(s) to their account can ignore the email.