Nomination facility to your Demat account with NSDL

Recently National Securities Depository Limited through its Circular NSDL/POLICY/2009/0002 dt 3 January 2009, has asked all the depository participants to collect nominee details for all the current demat accounts held by them.  

For example, you may hold an Demat account with ICICI Bank or Kotak Securities.  They would contact you to update the nominee details in case you have not updated it earlier.  This is a step in the right direction as it provides hassle-free transfer of securities in the event of death of the demat account holder. 

You would have started receiving emails from the Depository Particpant.  Please take some time off and arrange to fill up the form and send it back to your DP where you hold your demat account. 

The last date for the submission of the form is April 30, 2009 as per ICICI Direct emailer.  Please check with your respective DP's to find out the last date for the submission of the form.