Paytm Money is an online platform that allows investors to invest in mutual funds, stocks, and other financial products. One of the key features of Paytm Money is the ability to nominate a beneficiary who can receive the investment proceeds in the event of the investor’s death. In this article, we will explain how to update your nominee in Paytm Money, ensuring that your investments are transferred to the intended beneficiary in case of unforeseen circumstances.
Steps to add a nominee to the Paytm Money Demat account
- Visit the Paytm Money website.
- Click on the Products tab and select Stock Market.
- Scroll to the bottom of the screen, and click on the ‘Download Centers’ link.
- Click on the ‘Nomination Form’ link.
- Download the PDF and print it.
- Fill out the form with the details of the nominee.
- Courier the Nomination form to the address mentioned in the form.
Paytm Money will add the nominee to your Paytm Money Demat Account once the verification gets completed at the broker’s end.
Note:
- A maximum of 2 people can be added as your nominee.
- You can appoint a Minor or an NRI as your nominee.
Updating your nominee details in Paytm Money is a simple process that can be done in a few easy steps through the mobile app. It is essential to keep the nominee details up to date to ensure that your investments are transferred to the intended beneficiary in the event of any unfortunate event. With Paytm Money, investors can rest assured that their investments are secure and that their loved ones will benefit from them in case of unforeseen circumstances. So, take the time to update your nominee details today and secure your investments for the future.
