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You can wright an update function in your serializers like this.Following
def update(self, instance, validated_data):
user.set_password(validated_data.get('new_password', new_password))
user.save()
return instance
Here user is the user object and in your views.py you have to pass the model object like this
change_pwdform = change_pwdform(object, data=request.DATA, partial=True)
This worked for me and you can also refer “http://www.django-rest-framework.org/api-guide/serializers/#customizing-multiple-update“
Source:stackexchange.com