How to Add a Nominee to Your Upstox Account?

Last Updated: Apr 05, 2024 Value Broking 2 Mins 1.3K
add nominee in upstox account

Adding a nominee to your Upstox account ensures smooth investment transfers in the event of unforeseen circumstances. 

Adding nominees to Upstox’s updated version

1Log in to the app
2Click on Account
3Select Profile
4Click on My Nominee
5Fill in the Nominee Details
6Enter Nominee Share in %
7For minor/underage nominees, enter guardian details
8Complete Registration Process
9Document Verification

How Can I Add Nominee to My Upstox Account?

If you are using an updated version of the Upstox app, follow the below steps to add a nominee.

Step 1: Using your 6-digit PIN or biometrics, log in to the Upstox app.

Step 2: At the bottom of the screen, select “Account”

Step 3: Click on “My Account”

upstox nominee my account

Step 4: In the Account section, click on “Profile”

upstox nominee profile

Step 5: Click on “My nominee” and you will be redirected to the “Nominee details” page.

upstox nominee my nominees

Step 6: Click on “Add Nominee” and fill required details. Then, click “Continue”

Step 7: Once nominee details are filled out, enter ‘Nominee share in %’. 

upstox nominee share

Step 8: You can add 2 more nominees to your account by clicking ‘Add Nominee’. Nevertheless, this is an optional step. The total ‘Nominee share in %’ should be 100 if you add one nominee. You can have a maximum of three nominees.

Step 9: Click on ‘Continue’ once all the nominees have been added.

upstox nominee click continue

Step 10: The nominee’s guardian details must also be included if the nominee is underage/minor. As the guardian, you can also provide your own details.

Step 11: You will receive a 6-digit OTP on your registered mobile number, Enter it.

upstox nominee fetch otp

Step 12: Your nomination request will be verified by the Upstox team once you have submitted it. Upon approval, your nominee will be added within 24 hours.

upstox nominee request submitted