How to add nominee in groww App?
Wondering how to add nominee in Groww to seamlessly pass on your investments? Our definitive 3-step tutorial makes adding a nominee simple.
Adding a nominee to your Groww investment account is one of the most impactful things you can do to ensure your assets are transferred smoothly if anything were to happen to you.
Groww is India’s leading investment app that offers a range of mutual funds, stocks, ETFs and digital gold within a few taps on your phone. But what happens to those investments without a plan for inheritance or transfer?
This is where adding a nominee becomes vital.
With a nominee set in your Groww platform, the ownership of your holdings passes onto them in a few simple clicks. Making your nominee designation today gives you peace of mind that your assets will go to the right person.
So how exactly do you go about adding that important nominee on Groww mobile or web? Let’s get right into the easy 3-step process.
Step 1: Access Your Groww Account Profile
If you haven’t already downloaded Groww, you can get Groww’s app here or access via their website. Groww works seamlessly on both mobile and online in your desktop browser.
To get started with adding your nominee, you first need access your personal Groww profile. Here are the quick steps to log in:
On Mobile:
1. Open the Groww app on your Android phone or iPhone
2. Click on the “Profile” icon, often found on the bottom right corner
3. Enter your login password or fingerprint/face recognition
On Web:
1. Go to www.Groww.in and click “Sign In”
2. Input your email and password
3. You’ll be directed to your portfolio dashboard after log in
4. Click on your profile icon to access account details
With Groww’s user-friendly interface, accessing your profile takes seconds whether on the Groww website or mobile apps.
Step 2: Navigate to the Nominee Section
Once logged into your Groww account, here is how to find the nominee section:
On Mobile:
The nominee tab is clearly under the “Profile” menu once logged in to your Groww app.
1. Go to the Profile icon and select Profile
2. Scroll through account details and select “Nominees”
On Web:
1. After logging in online, click the profile icon
2. Choose Profile > Basic Details
3. Scroll and select Nominees below your personal information
The nominee sections look identical whether accessing via mobile or web browser. Now comes the most important part – entering those nominee details.
Step 3: Enter Your Nominee Information
In the nominee screen, you’ll be asked to fill details on:
Nominee Name: Enter their full legal name. You can add multiple nominees if needed.
Relationship: State your relationship – spouse, child etc.
Contact Information: Add details like address, email and mobile number that Groww can use to contact your nominee if needed.
Once all details are entered, finish by clicking “Save nominee”. Don’t forget this final but simple step!
Important: Groww will verify the nominee by sending an OTP to the provided mobile number and email. Ask your nominee to approve this confirmation from Groww when prompted after adding their info. This completes linking your nominee in Groww’s records.
Next Steps After Adding Nominee
Congratulations! Adding a nominee helps secure your investments and is a big step to simplify inheritance.
Once your nominee is set, make sure your nominee is aware that they have been added to easily transfer your Groww assets when needed.
Discuss which investments should be transferred to them in case of any emergency on your end. Stocks, MFs and digital gold can all seamlessly pass on to your nominee within Groww.
You can also change your assigned nominee at any time if your preferences update through the same Groww profile section.
How Nominee Assignment Safeguards Your Investments
- Single click transfer: Your investments reflect to nominee balance right after Groww processes request
- Multiple nominees supported: Split percentages between different nominees
- Smooth inheritance: Clears up asset transfer to rightful inheritors through a regulated platform
For any other questions on the nominee process, reach out to Groww directly from your app. Their customer assistance can guide on designation and change requests.
That concludes the in-depth walkthrough on easily adding a nominee within your Groww account for protecting your precious investments! Follow the outlined step-by-step process, save your nominee and have confidence your assets are secured for the future.
