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Nomination

You can make a nomination of your account in favour of any person(s) by filing up the nomination details in the account opening form. This is to enable the nominee(s) to receive the securities after the death of all the holder(s) of the Demat account.

 

Nominees can be appointed by individuals only. Non-individuals including society, trust, body corporate, partnership firm, Karta of Hindu Undivided Family, holder of power of attorney cannot nominate. Where a minor is appointed as a nominee, the name and address of the guardian is also required to be obtained.

 

Where a nomination has not earlier been made or where an earlier nomination is ought to be changed, you can submit a duly filled-in nomination form at the nearest Branch. The account holder, nominee(s) and one witness must sign this form and the name, address and one identification proof of the nominee(s) from the list as mentioned below must be submitted.

  1. Photograph & Signature
  2. PAN
  3. Aadhaar
  4. ICICI Saving Bank Account No
  5. Proof of identity
  6. Demat Account ID

NSDL vide Circular Number # NSDL/POLICY/2016/0096 dated December 1, 2016 and CDSL vide Circular Number # CDSL/OPS/DP/SYSTM/6250 dated November 17, 2016 have facilitated Multiple Nomination for Demat accounts. Nomination can be made upto three nominees in a demat account. In case of multiple nominees, the Client must specify the percentage of share for each nominee that shall total upto hundred percent. In the event of the beneficiary owner not indicating any percentage of allocation/share for each of the nominees, the default option shall be to settle the claims equally amongst all the nominees. Any odd lot after division shall be transferred to the first nominee mentioned in the form.