SEBI’s New Demat Nomination Rule Kicks In September 1 — It Only Applies to Accounts You Haven’t Opened Yet
From 1 September 2026, every new single-holder demat account and mutual fund folio must carry a nomination or a formal opt-out declaration. This is SEBI’s second attempt at solving the same problem — the first one threatened to freeze existing accounts, was extended five times, and was withdrawn in 2024. Here is exactly what the new circular requires, who it actually applies to, and the real scale of the unclaimed-assets problem behind it.
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