How do I correct my name in my bank account? Have you ever wondered why it’s complicated to make a name correction in a Savings Bank account?
Well, it should not have been the issue, you know? An official name is something that is permanent for life.
If it’s a clerical error or an issue with the maiden name, things can be sorted out quite easily. But there are also instances when people change their names due to compulsion.
Now, that’s the real problem.
You may have maintained your account at any bank. Irrespective of which bank you are with, the issue is just the same.
Even for a minor mistake like changing a single letter, it takes quite a few visits to your Bank to make it happen.
Nevertheless, we are here to talk about it, and if you have faced the issue, with this article you might end up having a better idea of how to proceed further.
Correction of a Minor Mistake in Bank Account Name
At certain times, an error in your name occurs due to a clerical error. If that’s the case, it’s quite easy to rectify. You see, all you have to do is, produce your valid identification, where your proper name is mentioned.
Note that, the ID you produce should be listed under Valid Official Documents (KYC) under RBI guidelines.
These documents are given below
| 1 | Aadhaar card |
| 2 | Voter ID card |
| 3 | Driver’s licence |
| 4 | Passport |
| 5 | Job card of MNREGA |
Once you submit any of the documents listed above as a supporting document for the correction of your name, Your request will be processed in no time.
How to Change Name in Bank Account after Marriage?
This is the issue that women usually face when any kind of identification process is required.
The maiden name is the culprit. A number of transactions are rejected because of the name difference.
For instance, let’s say X Talukdar married Y Yadav, and her name got changed to X Yadav. This is what the people of India follow according to their culture. When someone issues a pay order in the name of X Yadav and her account name is X Talukdar, that’s where the problem is. The bank rejects the pay order because the name is mismatched.
In order to resolve the issue, they will have to update their personal details in their account too.
If you retain your maiden name. That’s great, there is nothing to worry about. If you want to update your name in the bank account, then you will have to produce certain documents.
Here’s how you change your name in a bank account after marriage:
| 1 | Visit your bank with your marriage certificate. An affidavit may be required, depending on the bank you have an account. Usually, a marriage certificate is sufficient, along with the ID card. |
| 2 | Write an application describing what you intend to do with your account. |
| 3 | Provide your ID card which should be as per KYC guidelines. |
| 4 | A photo will come in handy, so go along with a passport-size photo. |
As per your request, your name will be updated in the system. It will not take much time. Get your passbook updated.
Changing the Name Legally
What if you changed your name to a completely new one? That’s where things got a bit tricky. This is somewhat rare, but it happens. People do weird things, and this is one of them. You have seen lots of celebrities who have changed their names for many reasons.
Many people believe that one’s name does bring good or bad luck. That’s why, in our country, when we are to name a newborn child, we get advice from the pandits to get a better name that would bring harmony and a better future for the child.
There is a psychological point of view too. We believe that our names give certain aspects of our personalities to one another. Whether one agrees or not, a name makes a lot of difference while acquiring knowledge as one grows.
If such is the case and you have changed your name. How would you update your account?
Here’s what you need to do.
| 1 | You must sign an affidavit on stamp paper, valid as per your area of jurisdiction. The affidavit should be notarised. |
| 1 | Publishing in the two local newspapers about the change of your name is crucial. This will serve as proof of your name. |
| 3 | All your KYC documents should be updated as per your new name. So initiate updating your name on your Voter card, Adhaar card, PAN card, DL etc. |
Conclusion
Changing or correcting a name in an account is not an easy task due to various factors. There is a risk involved in it as it is concerned with financial matters. Moreover, banks are required to follow certain guidelines laid down by regulatory authorities such as the Reserve Bank of India.
Nevertheless, it can be done with proper channels and documentation. If you can produce all the documents that the Bank asks for, there is no issue. Your name will be updated in your account.
Minor corrections, such as spelling mistakes or title or surname changes, can be done easily and without any hardship. It becomes difficult when you want to change your name to a completely new one. And giving reasons for it is quite impossible.
If you change it during your minority, that’s before you attain the age of 18, it’s quite simple. The reason is, that your new name will be registered during the declaration for the board exam.
This declaration is a crucial part where you declare your official name as you are, and from there, all other documents are created or registered in different departments.
All your documents will be as per your name, and it will happen with ease. Driver’s license and voter card are applicable only when you are 18 years old. If you obtained an Aadhar before, you will have to update it.
If you change in an adult phase of life, things are quite tricky as you have to change all your IDs and it’s quite gruesome to do it as visiting all these government departments is hectic and not easy to update as you think.
Although, it’s possible and can be done with some effort. If it’s a genuine case, you should be able to do it provided you are able to produce all the documents as your bank asks.