As per SEBI clients must choose to opt-in or opt-out of nomination for their accounts. The Regulator has mandated Market Intemediaries like Exchanges and Depositories to ensure that in cases where nominee is missing for an account either a nominee is added or in case a person doesn’t want to add a nominee he has to specifically provide the same saying that he wants to Opt out of nominating for his account. Hence you are recieving a mail from them. |
Tradejini highly encourages clients to consider adding nominee(s) to their account, emphasizing the importance of seamless succession planning. |
For those clients who do not wish to nominate they must choose opt-out option in the nomination form. |
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