Change Banking Information in Apple developer account

I have a Apple developer account in US, for which I have listed a US bank account in Banking Information in iTunes Connect. Now, I want to edit/change the bank account to an Indian bank.
Is this possible?

As mentioned on iTunes Connect:

To setup a new bank account on iTunes Connect, take the following steps:

1. Access the Contracts, Tax and Banking module
2. Click on either the "Set Up" or “View/Edit” link in the Bank Info column
3. Click on the "Add Bank Account" link
4. Select your bank country and click "Next"
5. Enter the relevant bank code (local clearing or Swift code) or look up your bank, and click "Next"
6. Confirm your bank selection and click "Next"
7. Enter your bank account information and click "Next"
8. Review the confirmation screen, select the check box at the bottom of the screen to certify your information, and click "Save"
9. On returning to the bank account selection screen, select your new bank account from the drop down list, and click "Save"

You might also find you need to edit this in a different way:

In App Store Connect:

• Agreements -> Paid Applications -> Bank Accounts -> Edit.

There's "Replace with New Account" there.