The nominee is a very important thing. But this is usually ignored or customers feel this is not that important. Whenever you open a new account, or an FD, etc. Then you should add a nominee for it. In this guide, I will tell you how you can add nominees to Paytm Payments Bank account.
There are no charges that you have to pay to the bank to add this detail. This is completely free of cost. And when it comes to the Paytm Payments Bank. There is no way you can do it by visiting any of their branches. You can get this done online with the help of the official app of the company. The thing is you just need access to your Paytm app.
Steps to Add Nominee to Paytm Payments Bank Account
Before you begin with the process make sure you have the official app installed on your smartphone. And while installing it make sure you use the official sources only. If you are using an iOS device then there is no other way than using the App Store. But in case if you are an Android user. Then you should avoid third-party sources. And install the app using the Play Store only.
- Open the official app of Paytm.
- Login to your account by entering your registered mobile number.
- Tap on the “Bank” icon in the “My Paytm” section of the dashboard of the app.
- Login to your Bank account using your passcode or biometrics.
- After that tap on the “Profile” button on the right top corner of the app interface.
- Select “Nominee” under the Bank Account Services section.
- Tap on the “Add Now” button.
- Enter the Nominee details like name, relationship with you, DOB, and address.
- Once done tap on the “Proceed” button and authenticate yourself to successfully add the nominee.
Conclusion
This is how easy it is to add a nominee to your account. No matter if it is a full-fledge commercial bank’s account or an account with a payments bank. You should always make sure you have a nominee added. If you need more help. Then use the support section of the app.