Changing or adding a nominee to your Upstox account is quite simple and can be done with just a few steps:
Step 1: Login to the Upstox app using your 6-digit PIN or biometrics.
Step 2: Click on ‘Account’ at the bottom of the screen.
Step 3: Click on ‘My Account’.
Step 4: Click on ‘Profile’.
Step 5: Click ‘My nominee(s)’. You will be redirected to the ‘Nominee details’ page.
Step 6: Click on ‘Add nominee’ or ‘Opt-out’ of the same.
Note : If you choose to opt-out of nominee addition, follow the steps here
Step 7: Fill in your nominee details and then click on ‘Continue’.
Step 8: Once nominee details are filled, enter ‘Nominee share in %’. This is how much % you want to give to that nominee.
Step 9: You can click on ‘Add Nominee’ to add 2 more nominees to your account. However this is optional. If you add one nominee then the total ‘Nominee share in %’ should be 100. The total number of nominees you can have are 3.
Step 10: Once all the nominees are added, proceed by clicking on ‘Continue’.
Step 11: If the nominee is underage/minor, you’ll need to add guardian details too. You can also provide your own details as the guardian.
Step 12: Enter the 6-digit OTP sent to your registered mobile number.
Step 13: Your request will be under review. It usually takes 1 to 2 working days.
Step 14: Once you submit your request for nominee addition our team will verify the details. If everything looks alright, your nominee will be added within 24-72 hours.
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