Application Letter for Change of Nominee in Bank Account

A bank account holder might want to add or change a nominee for its account for several reasons viz. existing nominee died, dispute with existing nominee, prefer to add a different person as nominee, changing nominee because of a mutual understanding, etc.

The banks generally take the nomination details during the opening of a new account, which can be changed by the account holder as and when he likes. If the nomination details are not added in the beginning, then it can be added at any point of time later.

To add a nominee or remove it, most of the banks have a specific application form for it. You can enquire about it at the branch office of the bank, fill in the details and submit there. Some of the banks might not have a specific form for it, where you have to submit a written and signed letter for such addition and deletion of nomination details.

The following formats would be good enough for this purpose. They are only for your reference.

TEMPLATE #1

(Application for modification in nominee)

Date: ................

From

(Name of the Account-holder)

(Address)

(Phone Number)

To

The Branch Manager

(Name of the Bank)

(Name of the Branch)

(Branch Address)

Sub.: Application for modification in nominee details for the bank account

Dear Sir/Madam,

I/We, the account holder(s) of the savings account bearing number .................. in your bank's ........... branch, do hereby cancel the nomination made by me/us in favour of (Existing nominee's name and address) for the said savings account.

Further, I/we do hereby nominate the following person to whom in the event of my/our/minor's death, the amount lying in the said account, particulars whereof are given below, may be returned by (Bank's name, branch's name and address).

Details of Deposits:

(1) Balance lying in the savings account number: .....................

(2) Fixed and recurring deposits: FD No. ........... dated ............ at branch ...............

(3) Any other investment with the bank: ...................................

Nominee personal details:

(1) Name: ...............................

(2) Date of birth: ....................

(3) Address: ...........................

(4) Relationship with Nominee: brother/father/son/daughter/mother

(5) Photograph of the Nominee is enclosed herewith.

(*write this only if applicable) As the nominee is a minor on this date, I/we appoint (Name, age & address) to receive the amount of the deposit on behalf of the nominee in the event of my/our/minor’s death during the minority of the nominee. 

Details of Witnesses:

Witness #1:

Name: .......................... Address: ...................

Signature: ....................

Date: ............................ Place: ........................

Witness #2:

Name: .......................... Address: ...................

Signature: ....................

Date: ............................ Place: ........................

A copy of my identity proof self-attested by me is enclosed herewith for verification purposes.

Kindly do the needful and oblige.

Thanking you,

Yours faithfully,

    (Signature)

(Name of the Account-holder)

Encl.: As above

TEMPLATE #2

(Application for a new addition in nominee)

Date: ....................

From

(Account-holder Name)

(Residential Address)

(Tel. No., Email id)

To

The Branch Manager

(Name of the Bank)

(Name of the Branch)

(Branch Address)

Sub.: Application for addition of Nominee details for my bank account

Dear Sir/Madam,

I/We, the primary holder(s) of the savings account bearing number ........... in your bank, do hereby nominate the following person to whom in the event of my/our/minor's death, the amount of lying in the said account, particulars whereof are given below, may be returned by (Bank's name, branch's name and address).

Details of Deposits:

(1) Balance lying in the savings account number .......................

(2) Fixed and recurring deposits: FD No. ........... dated ............ at branch ..............

(3) Any other investment with the bank: ....................................

Nominee personal details:

(1) Name: ...............................

(2) Date of birth: ....................

(3) Address: ...........................

(4) Relationship with Nominee: brother/father/son/daughter/mother

(5) Photograph of the Nominee is enclosed herewith.

(*write this only if applicable) As the nominee is a minor on this date, I/we appoint (name, age & address) to receive the amount of the deposit on behalf of the nominee in the event of my/our/minor’s death during the minority of the nominee. 

Details of Witnesses:

Witness #1:

Name: ............................ Address: ................... Signature: ................ Date: ............ Place: ............

Witness #2:

Name: ............................ Address: ................... Signature: ................ Date: ............ Place: ............

A copy of my identity proof self-attested by me is enclosed herewith for verification purposes.

Kindly do the needful and communicate once it is done.

Thanking you,

Yours faithfully,

    (Signature)

(Name of the Account-holder)

Encl.: As above