Fixed Deposit (FD) is an investment tool in which you can deposit a sum of money for a fixed period on which you earn interest. Fixed deposits are one of the sought-after investment options that provide you with secured returns.
When you invest in an FD, it’s important to add a nominee to your deposit. This feature ensures that your FD can be easily transferred to your loved ones in case of your untimely demise. In the absence of nominee, it becomes difficult to claim the deposit amount. In such circumstances, your rightful heir(s) might need to produce a court order or a succession certificate to gain access to your deposit amount on maturity.
If you’ve invested in Bajaj Finance Fixed Deposit, you can easily manage your FD nominee details by using our DIY (do it yourself) FD services. Our customer portal – My Account eliminates the hassles of branch visit and provide you with an easy online process. Please note that you can add only one nominee for your FD. In case your nominee is below 18 years of age, you need to share the details of the guardian.
Follow these simple steps to update your nominee details for your Bajaj Finance Fixed Deposit.
- Go to My Account – Bajaj Finance customer portal by clicking on the ‘Sign-in’ button on this page.
- Sign-in with your registered mobile number and the OTP.
- Enter your date of birth for verification and proceed.
- Choose your fixed deposit from ‘My Relations’.
- Click on the ‘Add Nominee’ or ‘Edit Nominee’ option below the ‘Nominee Details’ section.
- Enter your nominee's details, such as name, date of birth, and address. If your nominee is a minor (under the age of 18), you’ll be asked to provide guardian information.
- Verify your details with the OTP sent to your registered mobile number.
In case your fixed deposit has a joint account holder, they need to complete the OTP verification. However, only primary account holder can initiate the process of FD renewal.
You can also manage your FD nominee details by downloading our app from Play Store/ App Store while you are on the go.
