Bank Account Nominee Name Updation: Have you made someone a nominee in your savings bank account or fixed deposit account? If not, do this work soon. This will ensure that there is no problem in transferring money in case of the death of the account holder.
Such cases come to light every day when after the death of the account holder, a lot of problems are faced in transferring the money deposited in the account to his wife or children. This process becomes very long.
If you have a bank account in State Bank of India (SBI) and you want to make a nominee in it, then you should do this work soon. You can do this work online. For this, you must have netbanking facility. If you have not availed this facility till now, then you can fill the form and submit it in your branch. This will start your netbanking facility. Then you will be able to easily add the name of the nominee in your account.
Add Nominee Name through NetBanking
1. Login to Onlinesbi.com using your user ID and password.
2. Go to the ‘Request and Inquiry’ section in the menu.
3. Click on the ‘Online Nomination’ option.
4. Select the account in which you want to add a nominee. Then click on Continue.
5. Enter the nominee’s name, date of birth, address and relationship with the account holder.
6. Then submit the form.
7. Enter the high-security password received on your mobile phone.
8. Finally click on the ‘Confirm’ button.
You can add the nominee’s name by visiting the branch.
If you do not use internet banking, you can do this by visiting the bank’s branch. It would be better if you download the nomination form from the bank’s website. Then after filling in all the information, go to the bank’s branch and submit it. Any person can add or remove the nominee’s name in his bank account at any time. Two people can be made nominees in a joint locker account.
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