@SIVA,
I have nomination in my demat account.
Will it cover the SGB in the same demat account or separate nomination to be registered with the issuer of the SGB?
thnks
Found this in an FAQ issued by a different broker -
- Whether nomination facility is available for these investments?
Yes. If the Client wishes to appoint or change a nominee, the Client will be required to
download the applicable nomination form from www.icicidirect.com, and send the duly
completed form to ICICI Securities or ICICI Bank. Client will not be able to appoint nominee
online at the time of making application. In case of demat credit of SGBs, nominee in demat
would be able to claim the SGBs like any other security from the Depository Participant in
case of death of the holder. However, such nominee shall have to follow the transmission
process as specified by RBI for redeeming the SGBs since demat nominee would not be
registered with RBI