How to Change Nominee in Indusind Bank Account Online? | Change Nominee in Indusind Bank

How to Change Nominee in Indusind Bank Account?: Banks provide a facility of making nomination in the bank account opened in individual capacity i.e. single or joint accounts as well as accounts of a sole proprietary concern.

Some of the customers appoint/ register the name of the nominee at the time of application itself. There are cases wherein some of the existing Account Holders of the bank have not appointed nominee. They must appoint a nominee so that the nominee can receive the proceeds of the account in a hassle-free manner after the demise of the account holder.

There may arise a situation whereby the account holder requires to change the nominee due to some reason which may be personal or anything else. Banks give this facility too to the account holders.

If you want to change the name of nominee, you can do so any number of times by filling up Form DA3, as long as the account is in force. The account holder/s need not mention any reason for change of nominee.

It is to be noted that the Nomination can be made, cancelled or varied by the account holder anytime during his/her life time till the account is in force. You can appoint nominee to a minor also. If a minor is appointed as nominee in an account, it is mandatory to mention the details of minor's guardian (who is an adult) also.

Reasons to Change Nominee in Indusind Bank Account

There may be any of the following reason's for change of nomination by the account holder:

  • On the event of existing nominee's death
  • Change of nomination from one parent to another
  • Nomination change from parent to spouse
  • Change of nomination due to divorce
  • Nomination change from child to grand child

How to Change Nominee in Indusind Bank Account?

In order to change nominee in Indusind Bank account, please go through the following process:

Step (1): Visit your home branch of Indusind Bank Account

You need to approach Indusind Bank home branch, it is the branch where you have opened your account.

Step (2) Obtain Nomination Change Form or form named DA3 from the bank

You ask for providing Nomination Change Form or form named DA3 from the bank. This is a form through which you can add nominee or it used for change of nomination as well.

Step (3) Fill up the Nomination Change Form or form named DA3

You need to fill up Nomination Change form DA3 mentioning all the details of the nominee such as name of nominee, relationship, address of nominee, contact details of nominee, etc.

You have to fill up the name of existing nominee in your account.

You also need to fill in your account details such as account number, name of account holder, type of account, etc. Then you need to sign the form. All the account holders need to sign the form in case of joint holding.

Check all the details once again like name and address of the new nominee is correctly spelt/ mentioned.

Step (4) Submit Nomination Change Form or form named DA3 to your bank

Submit duly filled in Nomination Change Form at branch along with an id proof.

Step (5) Processing of Nomination Change Form

The banker will check the form and if the same is complete in all respects, he/ she will process your request to add nominee in your account. It usually takes 2 to 3 working days to get it processed.

How to Change Nominee in Indusind Bank Account Online Banking?

First of all, you need to check whether Indusind Bank provides online banking facility. If yes, then please follow below mentioned process in order to change nominee in Indusind Bank Account Online Banking:

  1. Visit your bank's website.
  2. Login to your personal account through your login credentials i.e. user name and password.
  3. Check up the list various available options.
  4. If you have nominee facility in this, fill up the details of nominee such as name of nominee, relationship with the nominee and address of the nominee.
  5. You need to fill up the name and other details of existing nominee too.
  6. Check all the details once again like name and address of the new nominee is correctly spelt/ entered.
  7. Click on Submit Button.
  8. You will get a notification on the screen for submission of form.
  9. The bank will process your request.

How to Change Nominee in Indusind Bank Mobile App?

First of all, you need to check whether Indusind Bank provides mobile banking app. If yes, then please follow below mentioned process in order to add nominee in Indusind Bank Account through mobile app:

  1. Download the banking mobile app on your mobile, if not yet downloaded.
  2. Register yourself, if not yet registered.
  3. Open banking mobile app.
  4. Check up the list various available options.
  5. If you find nominee facility in this, fill up the details of nominee such as name of nominee, relationship with the nominee and address of the nominee.
  6. You need to enter the name and other details of existing nominee too.
  7. Check all the details once again like name and address of the nominee is correctly spelt/ written.
  8. Click on Submit Button.
  9. You will get a notification on the screen for submission of form.
  10. The bank will process your request.

Important Points for Change of Nominee

  • Don't forget to ask for an acknowledgement after the submission of the nomination change form.
  • Check all the details once again like name and address of the nominee is correctly spelt/ written before final submission of nomination change form.
  • Nomination change Form is named DA3 and the form can be downloaded from the bank website in most of the banks.
  • Form for change of nomination having thumb impression instead of signature of account holder/s are required two witnesses.
  • Many banks provide a facility to change a nominee through online or through mobile app.

Change Nominee in Bank Account