How to Add, Edit Nominee in HDFC Bank Vault
When opening the locker, you may be asked to submit basic documents such as:
- KYC documents
- Passport size photo
- Checking or savings account details
- Security deposit
- Record agreement (stamp duty payable according to the respective state)
As with any financial instrument or service, you will also need to add nominees to your bank record. Here is an overview of how someone with a record in HDFC Bank can add or edit a candidate, according to the bank’s website.
How to add or edit a candidate to your locker in HDFC Bank
Individuals can opt for an appointment facility for a safe deposit box in HDFC Bank. Up to two candidates can be selected for lockers held in common name. Locker owners can provide locker access warrants in the same way deposit account holders can
To change or add the appointment, one can download the forms or visit the branch complete the required application and submit it to your locker branch only.
- To add a nomination: Form SL1 (sole tenant)/SL1A (co-tenant)
- To cancel an appointment: Form SL2
- To change an appointment: Form SL3 (sole tenant)/SL3A (joint tenant)
When there is no nomination
In the absence of a nomination or mandate to dispose of the contents of the locker, the Bank returns the contents of the locker to the rightful claimants against compensation in the same way as the deposit accounts to alleviate the suffering of ordinary people.
Bank locker rentals vary by size and location. Suppose, for example, that locker fees vary between urban, semi-urban, and rural locations. Rental rates may also differ between locations in the same city. The rent for the lockers is collected once a year and is paid in advance.