How To Change Address On Bank Account?
Find out the different ways in which you apply for address change in your bank account.
- Change the address on your bank account when you move to a new address.
- You can change the address details via internet banking.
- You can also visit your home branch to change the address.
- You may send a written application letter to the branch manager.
- Banks do not levy any charges for updating your new address details.
Life can take you anywhere. One minute you live in one city, and the next, you may have to move to another for work, education, or any other reasons. If you move to a different place for an extended time, you may need a local address proof document. In such a case, you can change your address on your bank account. Let us find out how to change the address on the bank account in this article.
Bank Account Address Change Procedure
There are two ways to apply for address change in a bank account.
Bank Account Address Change Via Internet Banking
You can update your new address with a click of a few buttons through your internet banking portal. Just follow these steps:
- Log in to the internet banking page of your bank account.
- Visit the personal details or ‘profile’ section of your account.
- Locate the address tab on the personal details page.
- Upload a document of the address proof.
- Accept the terms and conditions to initiate the address change process.
It typically takes 3-4 days to complete the bank account address change formalities online. Note that your bank may ask you to complete another e-KYC formality as well.
Bank Account Address Change Via Your Home Branch
You may visit the home branch of your bank to change the address on your bank account. If you choose this option, you have to carry copies of certain documents along with you. Essentially, you must carry your original identity proof, address proof and your bank passbook. You also need to submit a written application, addressed to the branch manager, along with self-attested photocopies of your documents. You might also be required to complete a KYC formality. The home branch usually updates the details within 1-2 working days after you submit the request.
Application Letter Format to Change the Address
The Branch Manager,
Name of the bank
Subject:Application for address change in a bank account
I (enter your name) am an account holder in your branch, with the account number (enter your account number). I have recently moved to a new address and need to update the address registered to my bank account.
My new address is (enter your address details). I have attached copies of my further address proof, along with copies of my identity proof and bank passbook. Kindly make the necessary changes regarding my address in all address related columns in my bank records.
(Your name and signature below that)
Changing your bank account when you move to a new city is both easy and practical. Your bank can forward any written correspondence to your new address. Once you make the change, you can even update it on your other documents, your Aadhaar card, for instance. Note that you will need to submit a court-registered lease instead of a regular rental agreement if you reside in a leased property.
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*Disclaimer: This article is for information only. We recommend you get in touch with your income tax advisor or CA for expert advice.