SBI Saving Account Nomination: If you are an SBI account holder and want to complete the process of nomination in your saving account, then you can do it easily.
SBI Saving Account and FD Nomination: It is necessary to complete the nomination process while opening an account in any financial institution. Recently, Finance Minister Nirmala Sitharaman had requested all the banks and financial institutions of the country to ensure that all their customers have completed the nomination process in their accounts. It is worth noting that in the last few years the number of unclaimed deposits in banks has increased very rapidly. In such a situation, banks are placing special emphasis on customers to complete the nomination process.
Why is nomination important?
State Bank of India from time to time keeps requesting its customers to complete the nomination. If you are also a customer of State Bank and want to complete the process of enrollment in your savings account or FD account, then you can do this work easily. The thing to note is that the nominee does not have any right on the amount deposited in the account till he is alive, but if an account holder dies, then in such a situation the nominee will get the entire amount deposited in the account. Having a nominee in the account makes the process of taking claims easier.
Add nominee to SBI savings account in this way-
- To add a nominee to a savings account, first visit the official website of SBI onlinesbi.com.
- Here go to the menu and click on ‘Request & Enquiries’ tab.
- After this, you will see the online nomination option, click on it.
- After this select your account type like savings or FD. Next go to Add Nominee option.
- Here enter the name, date of birth, address and relationship of the account holder with the nominee.
- Then submit this information.
- Next, an OTP will come on your registered mobile number, enter it.
- After this click on the Confirm tab. After this the nomination process will be completed.
Add nominee through YONO app-
- First of all login to your Yono app.
- Next click on Services and Request option.
- Next select the option of account nominee.
- After this click on the option of Manage Nominee.
- After this you select your account type.
- Finally, enter the nominee details and submit.
Nominee can also be updated by visiting the bank
Apart from online, State Bank also provides the facility to customers to update their nominee offline. You can go to SBI branch and fill the nominee form and submit it. Whereas in minor account, if the account holder dies, the parents will get the amount deposited in the account.
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