How To Add Nominee in Kotak Mahindra Bank Via Mobile App, Online or Offline

 How to add nominee  to your Kotak Mahindra Bank Account: You can open an account at the bank individually or jointly. If you are opening an account individually, we recommend that you add nominee  to that account so that you can receive your account income immediately after the account holder dies. Joint account holders also need to add nominee.

The account holder can nominate by filling out the form provided in Banking Company (Nomination) Rule 1985. In the case of your death you need to select a nominee  with sufficient credibility and due diligence to process the income from your bank account or its assets. 

When a bank account is opened today, most banks force you to nominate a new bank account that you have opened. They even remind older customers (who opened an account very early) to add nominee  in case there are no nominee in their account.

Who is a Nominee in Your Bank Account?

A Nominee is one who can be included in an investment or bank application as those who can earn income from their account in the event of an unexpected death. A Nominee  can be anyone you consider to be part of the first family: your parents, spouse, children, siblings, and so on.

Steps to Add Nominee in Kotak Mahindra Bank Account?

To add a Nominee  to your Kotak Mahindra Bank Account, follow the process below.
Step (1): Access the nearest Kotak Mahindra Bank Account BranchYou need to approach the local branch of Kotak Mahindra Bank of Kotak. This is the branch where you opened your account.
Step (2): Get a recommendation form / form called DA1 at the bankAsk them to provide a bank recommendation form or a form called DA1.
Step (3): Fill out a recommendation / form called DA1You must complete the DA1 recommendation form and include all details of the nominee , including the Nominee ‘s name, relationship, nominee address, and nominee contact information.
You will also need to enter account details such as account number, account owner name, and account type. Next, you need to sign the form. For co-participation, all account owners must sign the form.
The nominee ‘s name and address are spelled correctly, so please check all the details again.
Step (4): Submit a recommendation form / form called DA1 to the bankPlease submit the properly completed nomination form to the branch office along with your ID.
Step (5): Processing the recommendation formThe bank clerk will review the form and, if all points are filled out, process the request to add the nominee to the account. Processing usually takes 2-3 business days. 

Steps to add Nominee in Kotak Mahindra Bank Mobile App?

First, you need to check if Kotak Mahindra Bank offers a mobile banking application. In that case, follow the process below to add nominees to your Kotak Mahindra Bank Account via the mobile application.

  1. If you haven’t downloaded it yet, download the mobile banking application to your mobile phone.
  2.  If you haven’t registered yet, please do so yourself. 
  3. Open the bank’s mobile application.
  4.  See the list of various options available.
  5.  If it is convenient for you, enter the nominee’s details such as the nominee’s name, relationship with the nominee, and the nominee’s address.
  6.  The nominee’s name and address are spelled correctly, so please check all the details again. 
  7. Click the [Send] button. 
  8. You will receive an on-screen notification to submit the form.
  9.  The bank will process your request. 

Steps  to Add Nominee in Kotak Mahindra Bank Account Online Banking?

First, you need to make sure that Kotak Mahindra Bank offers online banking services. In that case, follow the process below to add nominee  to your Kotak Mahindra bank account.

  1. Visit the bank’s website.
  2.  Log in to your personal account using your login credentials, your username and password. 
  3. See the list of various options available.
  4.  If this has the ability to be nominated, please provide the nominee ‘s details, such as the nominee ‘s name, relationship with the nominee , and the nominee s address.
  5.  The nominee ‘s name and address are spelled / entered correctly, so double-check all details. 
  6. Click the [Send] button.
  7.  You will receive an on-screen notification to submit the form. 
  8. The bank will process your request.

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