What happens on the demise of the primary nominees?
In the abnormal circumstances where the primary nominee passes away prior to the Account Owner, the remaining portion will be payable proportionately to any surviving primary nominee. In the event that there isn't a surviving primary nominee, the contingent nominee will receive the assets pursuant to the allocation identified.
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What is the difference between primary and contingency nominee?
In the abnormal circumstances where the primary nominee passes away prior to the Account Owner, the remaining portion may be payable proportionately to any surviving primary nominee. In the event that there isn't a surviving primary nominee, the ...
How would Stockal transfer the holdings and cash balance to the nominee?
In the unfortunate case of the demise of the account holder, the nominee(s) added by the holder on the "Account Settings" page gets ownership of the user's portfolio (holdings and cash balance). Our broker partner will transfer the securities to the ...
How do I add a nominee for my account?
Log in to your account, Navigate to the"Account Settings"section and Choose"Nominee"from the options on the page. Click on the tab "Add Nominee[s]". Fill out the following details under Primary nominee: Name:Enter the full name of the nominee ...
Where can I view the details of the nominee, once added?
Once the Nominee information has been added, You can navigate to the "Account Settings". Click on "Nominee" from the options on the screen. The details of both the primary nominee& the contingent nominee would be visible with the Allotment Percentage ...