Investing in mutual funds is a smart way to grow your money, and it is essential to secure your investments. In case of any unforeseen circumstances, it is important to have a nominee who can receive the proceeds of your investment. Groww, one of India’s leading investment platforms, allows you to add a nominee to your account easily. This article will explain how to add a nominee on Groww in a step-by-step guide.
Step 1: Log in to your Groww account
The first step to adding a nominee on Groww is to log in to your account. You can do this by visiting the Groww website and entering your login credentials, such as your registered email address and password. If you have not yet registered on Groww, you must create an account by providing the required details.
Step 2: Go to the Profile section
Once you have logged in to your Groww account, go to the Profile section. You can do this by clicking on your profile picture or the menu icon at the top right corner of the screen. From the drop-down menu, select ‘Profile’.
Step 3: Add Nominee Details
In the Profile section, scroll down to the ‘Nominee’ section and click on the ‘Add Nominee’ button. This will open a form where you can enter the details of your nominee.
Step 4: Enter Nominee Details
Enter the details of your nominee in the form, such as the nominee’s name, relationship with you, age, and contact information. You will also need to provide the nominee’s bank account details, such as account number and IFSC code, where the funds will be transferred in case of your demise.
Step 5: Upload Documents
Next, you must upload the required documents for your nominee, such as a photograph, identity proof, and address proof. Make sure that all the documents are clear and legible before uploading.
Step 6: Review and Submit
Once you have entered all the details and uploaded the necessary documents, review the information provided to ensure that it is accurate and current. After verifying the details, click the ‘Submit’ button to add the nominee to your Groww account.
Step 7: Wait for Approval
After submitting the nominee details, the Groww team will verify the information and approve the request. You will receive a notification once the nominee has been added to your account.
Once approved, you have successfully added a nominee and secured your future.