Is it mandatory to have a nominee for my Fixed Deposit
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  • Personal
  • Business
  • Corporate
  • Private Banking
  • Privy League
  • NRI Services
  • Investors

It isn't mandatory but it's always advisable to update the nominee on all your accounts including Fixed /Term, Savings and the overall value you keep / invest with the bank. If a nomination is in place, the bank would simply pay-off the amount lying in deceased's account to the nominated person.  

 

You can View/Add/Change a nominee for your Fixed / Recurring Deposit in the following ways:  

1. On Mobile Banking  

Go to Banking  
Fixed/Recurring Deposits  
Nomination Update  

2. On Net Banking  

1) Go to Investment -> Deposits  
2) Nomination Update  
3)Alternatively you can place this request at our nearest branch as well.  

Please Note:  

1. If a new nominee is opted for, a confirmation letter with a copy of the Form DA1/DA3, filled up by you using Net/Mobile Banking options, will be sent to your registered mailing address.  
2. Post adding New Nominee online existing Nominee will be automatically removed (if any). 
3. To place a request for multiple nominations on the same account, please place your request at branch.

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