How to Add a Nominee During Account Opening?

Why adding a nominee matters

A nominee is the person who will receive your securities — stocks, bonds, and other holdings — if something happens to you. Adding a nominee during account opening ensures a smooth transfer without legal complications for your family.

How many nominees can you add?

You can add up to three nominees on your Punch account. If you add more than one, you can split the share between them in any proportion — for example, 50%-50% between two nominees or 30%-30%-40% among three.

Who should you nominate?

Most people nominate a close family member such as a spouse, parent, or child. You can also nominate anyone else you trust. Minors can be nominated too, but you will need to provide additional documentation for a guardian.

What information you will need

• Full name of each nominee and their relationship to you.

• Optionally, an identity proof for the nominee (such as Aadhaar or driving licence) — this is not mandatory.

• If nominating a minor: the guardian's name, relationship, and identity proof.

Can you add or change a nominee later?

Yes. If you skip the nomination step during account opening, you can add a nominee afterwards by filling out the nomination form and emailing it to writetous@punch.trade. The same process applies if you want to update or change your existing nominees.