Have you added a nominee to your SBI savings or SBI fixed deposit account? If not, itтАЩs essential to do so to avoid complications when transferring funds in case the account holder dies.
Transferring money to the account holderтАЩs family can be lengthy and complicated without a nominee.
HereтАЩs how to add a nominee to your State Bank of India (SBI) account, a simple and straightforward process that ensures a smooth transition for your loved ones.
Steps to Add a Nominee via Netbanking
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Activate Netbanking First (If Not Already Active)
If you have an SBI account but havenтАЩt activated net banking yet, apply for this service.
Visit your branch, fill out a form to request net banking, and youтАЩll be ready to manage your account online, including adding a nominee.
How to Add a Nominee Using Netbanking
- Log in to Onlinesbi.com with your user ID and password.
- Navigate to the тАШRequests and InquiriesтАЩ section in the menu.
- Click on the тАШOnline NominationтАЩ option.
- Choose the account where you want to add a nominee and click тАШContinue.тАЩ
- Provide the nomineeтАЩs details, such as name, date of birth, address, and relationship to the account holder.
- Submit the form.
- Enter the high-security password sent to your mobile phone.
- Click the тАШConfirmтАЩ button to complete the process.
Adding a Nominee by Visiting the Branch
If you donтАЩt use internet banking, you can add a nominee by visiting the SBI branch.-
ItтАЩs easier to download the nomination form from the bankтАЩs website, fill it out, and take it to the branch. The bank will assist in updating your account with the nomineeтАЩs details.
Remember, you can add or remove a nominee at any time, and up to two nominees can be added to joint locker accounts, giving you full control over your account.
Adding a nominee is a responsible step that ensures your loved ones can access the funds without hassle during difficult times.
What to Do If You DonтАЩt Have Netbanking
You must apply for it if you donтАЩt yet have net banking access. Visit your SBI branch, fill out the required form, and submit it.
Once your net banking is activated, you can easily add a nominee online by following the steps above.