For Residents / Senior Citizens who hold a Savings or Salary Account with HDFC Bank and whose account is operational, changing (or updating) the nominee is fairly straightforward. So, how to update nominee in HDFC bank online? You need to fill out HDFC’s “Nomination Modification / Change” form (sometimes called “Nominee Modification Form”). You can get the nomination change form from any HDFC branch or download it from HDFC Bank’s forms repository online.
What is the Process of Changing Nominee in HDFC Bank?
On the form, you’ll need to provide your account details (account number, branch), your name, and the name, address, relationship, and share (if more than one nominee) of the new nominee. If there was an earlier nominee, sometimes that detail is required.
Once you have filled in the form, sign it and submit it at your home branch. If there are joint account holders, all must sign if needed, as per the bank’s terms.
After submission, the bank processes the request and updates the bank’s nomination records. Typically, the bank sends an acknowledgment (sometimes via SMS or document) confirming that the nomination has been changed.
The account must be operational (active). If it’s dormant or frozen, the bank may refuse or delay the update. Only resident individuals / senior citizens with savings or salary accounts are eligible for nomination update through this process. If you have multiple nominees, you must clearly state their shares how much (%) each nominee is entitled to.
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Related Questions
Hi Friend,
When a bank account is opened in an individual capacity, such as a single or joint account or an account for a single proprietary firm, banks offer the option of making a nomination. Previously, the nominee of my account in both banks was my father. However, after his demise, I wanted to change the nominee to my son. Hence, I am aware and can help you out with the process of how to change nominee in HDFC bank and ICICI bank.
Calculate your EMI on a home loan with the help of the NoBroker EMI calculator. With NoBroker's house loan services, you may get a stress-free home loan disbursement. The account holder may alter the nominee for any of the reasons listed below:In the event that the current nominee passes away
Change in parent nomination Changing a parent's nomination to a spouse
Due to a divorce, the nomination was changed
Change of nominee from grandchild to child
How to update nominee in HDFC bank online:
Use your
,
and Password to log in to NetBanking.
Visit the Request area under the Accounts tab.
You will find the View/Update Nomination Details option
The Account for which you want to edit the nominee should be selected. In order to change the nominee's details, click Modify. add a new nomination or use the candidate from another account as the new nominee
Complete the form and confirm.
How to update nominee in ICICI bank online:
Visit
Website to access your online banking account.
Use your user name and password to log into your personal account.
Check the main menu's list of choices.
Enter the candidate's name, relationship to you, and address if you have a nominee feature.
Verify the spelling of the nominee's name and address.
When you click Submit, a page will load and a message stating that the form has been submitted will appear.
Your request will be handled by your bank.
Follow these steps in order to learn how to change nominee in ICICI bank online.
A nominee may be added by anyone with a bank account. Choosing someone entails that individual receiving all gains and funds after the account holder passes away. The nominee serves as the account holder's legal heir and is a reliable individual. I would like to conclude here as I believe this answer suffices your query about how to change nominee in HDFC bank and ICICI bank.
Read More:
How To check nominee in PF account? What happens when there is no nominee in a bank account? How many nominees can be added to a bank account?Your Feedback Matters! How was this Answer?
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How To Change Nominee In HDFC Bank?
pranav
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2022-07-27T18:23:37+00:00 2022-08-02T14:32:50+00:00Comment
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