The nominee change process involves three steps:
1. Creating the request for nominee change/updation from your Scripbox account
2. Updating the new nominee details in the existing folios
3. Updating the new nominee details in the Scripbox records
Steps to raise the nominee change request via the app:
a. Login into your Scripbox account
b. Click on Profile (towards the right-hand side corner on the top of the home page)
c. Click on the investor name - Under Investments - Click on Scripbox - Click on Change under Nominee
d. Edit the nominee details and Click on Update Changes
Post which you will be redirected to the MF central page, where you can update the nominee details online. The details will be updated in the folios within 1 working day.
If the nominee change request fails, then you are required to undergo an offline process as mentioned below.
For updating the new nominee details at the folios (10-13 working days) (Scanned Copies):
a. Self-signed nominee change request (same will be sent by Scripbox)
b. Self-signed PAN card copy.
Once we receive the documents, the new nominee details will updated across all the folios.
For updating the new nominee details in your Scripbox account (1 working day): Once the new nominee is updated in all the folios, the new nominee will be updated in the Scripbox records.
If we need any additional documents, we shall let you know accordingly. The change of nominee details usually takes 2 weeks from the time we have received the complete set of documents.
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