If you have a bank account then you should have a nominee for the same. Having a nominee is important but people simply ignore it. They feel that they will never need one. But the banks have put this thing in place for a reason. In this guide, I will tell you how you can change Nominee of Paytm Payments Bank account.
If in case you have not yet added a nominee for your account. Then you can learn how you can add a nominee to your Paytm Payments Bank account. But if you have already added one. Then you can learn how you can change the nominee for your account.
There is no option to delete the existing nominee in Paytm. Instead of that, you are allowed to change the nominee details like the name, address, and other things. To do this you will need access to your Paytm app. (registered mobile number and password)
Steps to Change Nominee of Paytm Payments Bank Account
If you don’t have the Paytm app installed on your smartphone. Then make sure you use Play Store only if you are an Android user. And in the case of iOS users then there is no way other than using the App Store.
- Open the Paytm App.
- Login to your account.
- Tap on the “Paytm Bank” icon in the dashboard of the app.
- Enter your passcode or use the biometric to access the banking section of the app.
- Tap on the “Profile” option, you can find this in the right upper corner of the app interface.
- Select “Nominee” under banking services.
- You will find the details of your existing nominee. Now you have to tap on the “Edit” button.
- Enter the details of your new nominee for your Paytm Payments Bank account.
- Lastly, tap on the “Proceed” button to change your nominee successfully.
Conclusion
There are no charges that you have to pay to the Paytm Payments Bank to change the nominee details. Once you tap on the “Proceed” button the details will be updated and you will receive a confirmation SMS about the same.