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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
Fixed/Recurring Deposits
Nomination Update
2. On Net Banking
Go to Investment -> Deposits
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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By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.