SBI Bank Account Nomination: There are many benefits of adding a nominee in the bank account. You can also make brother-sister, spouse, children, relative or friend a nominee in the bank account.
It is very important to add a nominee in the bank account. Its advantage is that if something happens to the account holder, the nominee is given rights over the property of the account holder. For this reason, every person opening a bank account must enter the name of the nominee in his account.
Who can be the nominee?
The nominee in your bank account can be parents, spouse, children, siblings, relatives, friends or anyone close. You should always nominate a person whom you can trust. You can add only one nominee in your account. However, you can also make other people nominees in different bank accounts. You can add a nominee to your bank account at any time. You can even add a minor as your nominee.
RBI rule regarding nominee?
According to the RBI website, banks have been advised to ask customers to add a nominee in the bank account. If a person refuses to fill the nomination then the bank should tell him the benefits of nomination. If a customer does not fill the nomination even after this, then the banks will have to take it in writing.
How to fill nominee in SBI
In SBI you can fill nomination through internet banking, mobile banking and by visiting the branch.
Internet banking
- For this, first of all you have to log in to SBI online.
- After this you will have to click on Request and Inquiry.
- Click on online nomination.
- Now fill the nomination and submit it.
How to fill nomination through SBI YONO app
- Login to SBI Yono App.
- After this click on Services and Request.
- Click on account number.
- Click on Manage Nominee.
- Go to the dropdown menu and select account number.
- Fill out the nomination and submit.
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