When drafting a letter to update the nominee in a Senior Citizen Saving Scheme (SCSS) account, clarity and politeness are essential. Clearly state your name, account number, and residential address. Provide details of the nominee(s), including their name, relationship with you, address, date of birth, share in the amount payable, photograph, and signature/thumb impression. Attach any necessary documents, such as Form C or KYC documents, for reference.
Sample Application for updation of the nominee in Senior Citizen Saving Scheme
To,
The Branch Manager,
_______ (Branch Name),
_______ (Branch Address)
Date: __/__/____(Date)
Subject: Application for updation of the nominee in Senior Citizen Saving Scheme
Sir/Madam,
I would like to state that I am _______________ (Name) and I hold an account number ______________ (Account Number). I am a permanent resident of __________________ (residential address).
I do hold a Senior Citizen Saving Scheme in your branch and to that account nominees are already added. I would request you to kindly change/update the nominee to the details mentioned below.
| Name of the nominee along with relationship with the depositor | |
| Permanent Address | |
| Date of birth of nominee in case of a minor/ age in other case | |
| Share of the nominee in amount payable | |
| Photograph of the Nominee
| |
| Signature/Thumb impression of the Nominee |
I shall be highly obliged. I am hereby attaching _______________ (Form C/ KYC documents/ ID Proofs – Any other documents if required) for your reference.
Regards,
___________ (Signature)
___________ (Name),
___________ (Contact Number)
Note: Bank may ask for additional documents along with the application for nominee change to the Senior Citizen Saving Scheme account and may not accept this cover letter for the purpose. For more information please contact your Bank.
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Deepanshu Thakral