How Do I Add a Beneficiary to My NSDL Account?

To add a beneficiary to your NSDL account using the NSDL SPEED-e portal for facilitating online transactions, follow these steps:

Adding a beneficiary demat account via the NSDL SPEED-e portal allows you to specify trusted accounts for easy transfers of securities.

Steps to Add a Beneficiary Account via NSDL SPEED-e

Based on the information provided, the process involves accessing the NSDL SPEED-e portal:

1. Login to the NSDL SPEED-e Portal: Access the portal using your chosen method, either password-based authentication or an e-token.
2. Navigate to 'Add Beneficiary': Once logged in, find and click on the tab labelled 'Add Beneficiary'. This tab is typically located under the 'Inquiries' section of the portal.
3. Submit Request: Proceed to submit the request for the addition of the target beneficiary demat account details.

Here is a summary of the steps:

Step	Action	Location/Method
1	Login to NSDL SPEED-e Portal	Password or e-token option
2	Click on 'Add Beneficiary' tab	Under 'Inquiries' section
3	Submit Request	For Addition of target demat account

By following these steps within the NSDL SPEED-e portal, you can add a target beneficiary demat account to your list, which is useful for initiating online transfer instructions.

Note: This method primarily facilitates online transfer instructions between trusted accounts. For adding a nominee to your demat account in case of demise, the process typically involves submitting a nomination form to your Depository Participant (DP).