Have you added a nominee to your SBI savings or SBI fixed deposit account? If not, it’s essential to do so to avoid complications when transferring funds in case the account holder dies.
Transferring money to the account holder’s family can be lengthy and complicated without a nominee.
Here’s 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 haven’t activated net banking yet, apply for this service.
Visit your branch, fill out a form to request net banking, and you’ll 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 ‘Requests and Inquiries’ section in the menu.
- Click on the ‘Online Nomination’ option.
- Choose the account where you want to add a nominee and click ‘Continue.’
- Provide the nominee’s 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 ‘Confirm’ button to complete the process.
Adding a Nominee by Visiting the Branch
If you don’t use internet banking, you can add a nominee by visiting the SBI branch.-
It’s easier to download the nomination form from the bank’s website, fill it out, and take it to the branch. The bank will assist in updating your account with the nominee’s 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 Don’t Have Netbanking
You must apply for it if you don’t 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.
