What bank account details should I keep for my family?
Short answer:Record the bank, account type, branch and where the supporting documents are kept. Keep enough information for your family to identify the account and contact the bank, without sharing login credentials.
Start with a useful account list
A family member should be able to tell which bank holds the account and where to ask for help. If you have more than one account, give each record a clear name, such as salary account or joint savings account.
- Bank name, branch and official contact.
- Account type and account holder names.
- An account reference sufficient for identification; keep full account details in a deliberately selected document if needed.
- Joint holding details and the operating instruction, where applicable.
- The nomination acknowledgement or a note to confirm nomination with the bank.
Keep supporting documents and dates
A recent statement, passbook copy or deposit receipt can help identify an account. Note the date of any balance you record, because it is a historical value, not a live bank balance. For fixed deposits, keep the deposit receipt, maturity information and renewal instructions.
Record the location of paper originals. Review the list after opening or closing an account, changing a branch or updating nomination.
Share information, not account access
Use Moksha Sutra to choose the record details and individual documents you want a family member to see. Adding a family contact alone does not grant access.
A shared account record does not authorise withdrawals or prove that someone can inherit the funds. The bank will apply its own account and claim procedures. SBI's source below is an example; obtain your own bank's current instructions.
Related questions answered
Should I include my online banking password?
No. Do not store or share banking passwords, PINs, OTPs or recovery codes in these records. A family member should contact the bank through its official process.
Official sources
- SBI: deceased depositor settlement guidance (opens in a new tab)
- RBI: UDGAM frequently asked questions (opens in a new tab)
Sources checked:
Disclaimer
The information provided on Moksha Sutra is for general informational and educational purposes only. It does not constitute financial, investment, insurance, tax or legal advice, and is not a substitute for advice from a qualified professional.
Laws, regulations and institutional procedures may change, and requirements depend on individual circumstances. Before making a decision or submitting a claim, confirm the current requirements with the relevant institution or official authority and seek professional advice where appropriate.
Moksha Sutra does not verify insurance coverage, legal entitlement or claim eligibility, and does not guarantee any outcome.
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