Adding a nominee to your Angel One account is a crucial step to ensure the smooth transfer of your investments in case of any unforeseen events. Angel One, a leading brokerage firm, provides a user-friendly mobile application that makes this process straightforward. Here’s a comprehensive guide on how to add a nominee in the Angel One app.
Step 1: Log in to the Angel One App
Start by logging into your Angel One account using your registered credentials. Ensure you have the latest version of the app installed on your device for the best user experience.
Step 2: Access the ‘My Account’ Section
Once logged in, navigate to the ‘My Account’ section. This is usually found in the menu or under your profile icon. The ‘My Account’ section is where you can manage your account settings, including nominee details.
Step 3: Locate the Nominee Details Option
In the ‘My Account’ section, look for an option labeled ‘Nominee Details’ or something similar. This section allows you to view, add, or update your nominee information.
Step 4: Add Nominee Information
Click on the ‘Add Nominee’ button. You will be prompted to enter the nominee’s details, which typically include:
- Full Name: Enter the complete name of the nominee.
- Date of Birth: Provide the date of birth to ensure correct identification.
- Relationship: Specify the relationship between you and the nominee (e.g., spouse, child, parent).
- Address: Input the residential address of the nominee.
- Percentage Share: If you have multiple nominees, specify the percentage share for each nominee.
Ensure all details are accurate to avoid any complications later.
Step 5: Upload Required Documents
You may be required to upload documents to verify the nominee’s identity and address. These documents can include:
- Aadhaar Card
- PAN Card
- Passport
- Utility Bills
Make sure the scanned copies are clear and legible.
Step 6: Review and Confirm
After entering the details and uploading the necessary documents, review the information carefully. Ensure there are no errors or omissions. Once confirmed, submit the nominee details.
Step 7: Verification Process
Angel One may take some time to verify the nominee details provided. You will be notified via email or SMS once the verification process is complete. Keep an eye on your registered communication channels for any updates or additional information requests.
Step 8: Confirmation
Once verified, the nominee details will be added to your account. You can revisit the ‘Nominee Details’ section to view the updated information at any time.
Conclusion
Adding a nominee to your Angel One account is a simple yet crucial process that can be accomplished in a few straightforward steps through the Angel One app. By following this guide, you ensure that your investments are secured for your loved ones, providing peace of mind and financial security. Always keep your nominee details up-to-date and regularly check for any updates or changes in the process as per Angel One’s policies.