How to Add a Nominee in Motilal Oswal Account?

Last Updated: Mar 19, 2024 Value Broking 2 Mins 2.4K

Adding a nominee to your Motilal Oswal trading and demat account is an essential step to ensure that your investments are transferred to the desired individual in case of your unfortunate demise. To add a nominee to your Motilal Oswal account, you will need to follow these steps:

Steps to Add Nominee Details in Motilal Oswal

Step 1: Begin by logging in to your MO Investor App.
Step 2: Navigate to your “Profile” and select either the “Personal details” or “Transaction details” tabs. Click on the edit option.
Step 3: Upon clicking the edit option, you will be directed to the company website in your browser.
Step 4: Among the four buttons Home, “Bank, Calls/Emails, and Nominee”—choose the Nominee button.
Step 5: Choose your Client DP ID from the provided list and input your nominee details.
Step 6: Submit PAN details and your nominees’ signatures as validation proof.
Allocate a fixed percentage of your securities to each nominee.
Step 7: Upload “Witness” details and validate them using their PAN information and signatures.
Step 8: Click on “Generate OTP” to receive a four-digit one-time password for validation on your registered mobile number.
Step 9: Verify the OTP, click “Final Submit” on the nominee form, and await verification from the stockbroker.
Step 10: Check your registered email for a confirmation message indicating the successful update of your nominee details.