Are you covered on all the regulatory parameters ?

Exchanges and Depositories have specified vide various circulars that it's mandatory to ensure that Client Name, PAN, Client Category, mobile number, email id, Complete Address, PIN Code and Income details (not older than 12 months) are updated for all existing clients by June 30th, 2022.

Mandatory Updation of Nomination for your trading and demat account
before March 30, 2023

Income Declaration

Updation of email id and mobile number

Difference in name as per trading account/ UCC and name as per Income tax website

Ensure your PAN is linked to your Aadhaar card by March 31, 2023

So Let’s get started

Income Declaration

If you haven’t submitted your income declaration for your trading & demat account with us in the past 12 months then you can submit the same by following any one of the given processes TODAY

Process to Update income declaration

Please visit our website www.nuvamawealth.com >> Go to the My Profile section >> service request >> create service request >> select the correct income declaration option >> fill in the details and click on submit >> your service request will be raised.

Submission through Whatsapp BOT by clicking https://bit.ly/3hRWbME

(Note that the BOT process is valid for Individual clients only who do not have multiple family accounts with us. Also paste the link as given above and send us a whatsapp message from your registered mobile number.)

Call your relationship manager as per the contact details shared on mail & confirm income details over a recorded call.

Please download & fill in the modification form by clicking here.
Submit the filled and signed form at our nearest branch, please click here to locate our branch nearest to you.
Please click here to read the detailed circulars in this regard.

Updation of email id & mobile number

As per the circular details it is mandatory for every customer to ensure that their valid email id and mobile numbers are updated in the broker’s records. Accordingly, you can follow the below steps to check and ensure the same

Step
1

Go to www.nuvamawealth.com

Step
2

Login with id and password

Step
3

Go to the My Profile Section

Step
4

Check for mobile number and email id records else update the same


The TAT for updation is T+1

Please ensure both the above processes are completed to ensure no impact on trading by June 30th 2022

Note - Please ensure that mobile & email address you intend to update through this process are not updated in any other account. If you wish to update the same mobile number and email address which is already updated in any other account then please follow modification process in physical mode and connect with your advisor.

Difference in name as per trading account/ UCC and name as per Income tax website

If there is a difference in name as per trading account / UCC and in the name as per the income tax website then we will require the below confirmations from you:

  • You need to give your consent to us via email from your registered email id at Helpdesk@nuvama.com that your name in your trading account / UCC can be modified as per your name on Income Tax website along with the duly signed Modification form (click here to download modification form).

  • Scanned image of your PAN card which clearly shows your name matching as per the Income Tax website records OR Proof of any other document / application initiated by you for change of name and submitted to Income Tax authorities.

  • The above documents should reach us in soft copy (email from your registered email id) as soon as possible to enable us to undertake the necessary changes. Please click here to view the name change process and do make a note of the documentation required to support the name change request Subsequently, the duly signed modification form needs to be submitted to the nearest Branch/Authorised Person within 5 days. Click here to view the modification form template and Click here to locate nearest branch.

  • Please refer to the separate email communication sent to you in this regard.

  • Post the changes, we will communicate the same to you.

Please note the date for updation of mandatory fields has been extended till June 30th 2022. Do click to view the detailed circulars from in this regard.

Advisory - KYC Compliance

  • All investors are requested to take note that 6 KYC attributes i.e. Name, PAN, Address, Mobile Number, Email id and Income Range have been made mandatory. Investors availing custodian services will be additionally required to update the custodian details.

  • The last date to update KYC is on or before June 30th, 2022.

  • Thereafter non-compliant trading accounts will be blocked for trading by the Exchange.

  • The non-compliant demat accounts will be frozen for debits by Depository Participant or Depository.

  • On submission of the necessary information to the stockbroker and updation of the same by the stockbroker in the Exchange systems and approval by the Exchange, the blocked trading accounts shall be unblocked by the Exchange on T+1 trading day.

  • The demat account shall be unfreezed once the investor submits the deficient KYC details and the same is captured by the depository participant in the depository system.

  • To ensure smooth settlement of trades, the investors are requested to ensure that both the trading and demat accounts are compliant with respect to the KYC requirement.

  • The investors are hereby requested to comply with the regulatory guidelines issued by Exchanges and Depositories from time to time with regard to KYC compliance and related requirements

As per the recent exchange circulars it is now mandatory to update your nomination details in your trading and demat account

Here’s how you can submit your nomination details with us:

  • All individuals including NRIs are required to either “Opt in” or “Opt out” of nomination. It is mandatory to choose anyone option by March 25, 2023 failing which, fresh transactions will not be allowed in your trading / demat or both accounts and on March 30, 2023 the trading and demat accounts will get deactivated.

  • Choose “Opt In” to update nominees in your trading and demat account OR choose “Opt Out” if you do not wish to nominate anyone for your trading and demat account.

  • Click here to view the detailed circular in this regard.

  • In case of joint account holder and submission of nomination form in offline (physical) mode, signature of all joint holders is required.

  • Only an individual can be appointed as a nominee. Non-individual entities such as trust, corporate, HUF, AOPs etc cannot be appointed as a nominee.

  • To opt in for nomination then please follow ANYONE of the below processes:

    ONLINE PROCESS

    • Raise a service request online by logging in to www.nuvamawealth.com

    • Follow the process mentioned in the pdf. Click here to view and download the online process pdf.

    OFFLINE PROCESS

    Click here to download, fill and submit the physical nomination form at our nearest branch on an immediate basis.

    You need to tick mark on the form and submit ANYONE of the following documents and give proof for the same for nominee:

    • Photograph and Signature: Nominee photo and signature

    • PAN: Mention PAN number

    • Aadhaar: Mention Aadhaar Number

    • Saving Bank account no.: Need to mention bank account number

    • Demat Account ID: Need to mention Nuvama DP account number

    • Proof of Identity: Any proof of Nominee (Aadhaar, Passport, Driving license, Voter’s ID) Need to submit copy of proof of identity duly attested by the nominee.

For only demat accounts (where you have only demat account with us without a trading account):

  • For NSDL demat account holders, the nomination needs to be done online directly with the depository or via the offline process mentioned above:

  • For CDSL demat account holders, the nomination needs to be done only via the offline process mentioned above.

We request you to kindly update the choice of nomination at the earliest to avail un-interrupted trading experience.