It isn't mandatory but it's always advisable to update the nominee on all your accounts including Term / Fixed, 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
2. On Net Banking
Go to Investment -> Deposits
3. Alternatively you can place this request at our nearest branch as well.
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.