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An investment record is useful only if the people who need it can eventually find and use it. Nomination is part of that record, alongside account ownership and contact details.
SEBI’s circular dated 29 May 2026 introduced modified nomination norms effective from 1 September 2026. It permits up to three nominees. For new single-holder accounts, nomination is the default unless the investor submits an opt-out declaration; nomination is optional for joint accounts. Changes to nominations in joint accounts require all holders’ consent. Read the SEBI circular.
Check the record, not your memory
Prepare an account-by-account list: provider, holding pattern, registered email, nomination status and date last checked. Use the provider’s official portal or service channel to review the actual record. Do not assume that changing one folio updates every account elsewhere.
For example, someone may have updated a recent mutual fund account while leaving an older demat account unchanged. A single checklist makes that gap easier to notice without moving any investments.
Keep confirmation of changes
The circular requires acknowledgement of each nomination or subsequent change. Keep that confirmation with the account’s other records. If a request is incomplete, resolve it through the provider rather than treating submission as proof of completion.
Make the information findable
A family record can identify where accounts are held and whom to contact without exposing passwords or authentication codes. Nomination and estate planning raise different questions; obtain appropriate professional guidance for the legal treatment of your circumstances.
Source checked on 14 October 2026. The official circular and any later amendments govern the applicable requirements.
