How to Add Nominee in Zerodha Mobile App

Adding a Nominee on Zerodha Mobile App: A Step-by-Step Guide

Zerodha is one of the popular online stock exchanges in India, and it has introduced a useful feature for investors: the ability to add nominees to your account. This helps you manage your assets and ensures that your loved ones can take over in case of an emergency.

Zerodha stock trading app has become an important tool for investors in India. However, an important feature that many people don't know about is the ability to add nominees to your account. This is important in protecting and managing your assets in the future. This article will guide you in detail how to add nominees to your Zerodha account through their mobile app.

Below are detailed instructions on how to add nominees to your Zerodha account using their mobile app.

Step 1: Log in to Zerodha App

• First, open the Zerodha mobile app and log in to your account using your credentials.

Step 2: Access Your Account

• After successfully logging in, you will see a menu or icon related to your account. Click on it to continue.

Step 3: Select Nominee

• In your account menu, you'll see an option called Nominee. Click there to begin the process of adding nominees.

Step 4: Add Nominees

• In this section, you will be able to add information about the nominee. You can add up to 3 nominees. For each person, you need to enter basic details like name, mobile number and upload ID proof.
• If you are adding multiple nominees, choose the percentage of shares they will receive in the event of your death. If there is only one nominee, you can set the percentage to 100%. Make sure you have entered all required information.

Step 5: Proceed with Electronic Signing

• After filling out all the information, you need to electronically sign to confirm the process of adding nominees. Click the Proceed to Electronic Signing option.

Step 6: Electronic Verification Using Aadhaar

• Next, you need to accept the terms and conditions, enter the account holder's Aadhaar number and click on Send OTP.

Step 7: Enter OTP Code

• Enter the OTP (One-Time Password) code you received via mobile phone and click Verify OTP.

After completing this step, you will receive an email notification confirming that the process is complete. The nominee will be added to your account within 5 business days.

If you have problems or concerns while adding nominees, contact Zerodha customer service for further assistance.

Note that procedures may change over time, so always check the latest documentation and instructions from Zerodha to ensure you follow the required procedures.

Tips and advice for using Zerodha Mobile App

Account Security:

• Always maintain a strong password for your Zerodha account and change it regularly to ensure safety.

• Enable two-factor verification (2FA) to protect accounts from unauthorized access.

Market Tracking:

• Take advantage of in-app market tracking tools to stay informed about prices and market trends.
• Set price alerts to be notified instantly when stock prices reach levels you care about.

Transaction Usage Limits:

• Before placing a trade, use the limit trade function to determine your target price and reduce risk.

Order Management:

• Take advantage of the automated ordering feature and set reminders so you don't miss any trading opportunities.
• Check and reconfirm orders before confirming to avoid unexpected errors.

Confirmation of Nominee Details:

• If you add nominees, make sure their information is completely updated and accurate.

• Perform periodic checks to ensure that the nominee is still linked to your account.

Margin Trading Limitations:

• If you use margin trading, understand the costs and risks involved. Always trade safely and limit the use of margin when necessary.

Track Transaction History:

• Review your trading history regularly to evaluate performance and learn from previous trades.

Customer support:

• If you have problems or questions, contact Zerodha customer support immediately. They will help you solve any problems quickly.

Conclusion

Safety and asset management are the top concerns of any investor. Adding nominees to your Zerodha account through the mobile app is an important feature that helps you ensure that your assets will be managed effectively in case of an emergency. Not only is the process easy to do, but it also provides peace of mind for you and your family.

Remember that procedures may change over time, so always check the latest documentation and guidance from Zerodha to ensure you follow the required procedures. With this feature, you can prepare for the future in a smarter and safer way in managing your investments.