SBI Online: State Bank, the country’s largest government bank, has given another facility to customers. If the name of Nominee is not registered in the account yet, it can be filed online. SBI said in tweet that nominee registration is online. Now customers will not have to go to the bank for this.
How to use SBI Online
According to the SBI’s tweet, if you do not have nominee details (SBI nominee registration) in your account, then you can now do this work sitting at home. This facility will also be available in every SBI branch. This service will be available on Saving, Current Account, FD and RD. In this, the nominee sitting at home can be registered.
Enter the name of the nominee
When using SBI’s net banking, then SBI’s website onlinesbi.com. Go to Click on Request and Inquiry option. They have to choose the option of online nomination. Account details will appear. Then the details of the nominee have to be filled. After this OTP will come on the registered mobile number. The nominee’s name will be added after OTP verification.
How to update nominee from SBI YONO
Login to the YONO LITE SBI app. Clicking on the home button, select the service request option. On clicking on the service request, the page will open, there is an option for online nomination. On clicking, select the account details and update the complete information of the nominee. Here, information about relationship with the nominee is also sought. If there is already a nominee and it has to be updated, then the first nominee has to be canceled through the cancellation nomination, after which the complete information of the new nominee will have to be filled.
Also Read: SBI KYC 2021: Check full list of documents for ‘Know Your Customer’ updates
Why Nominee Registration is Important
The name of the nominee is definitely because if the account holder dies due to any reason, the nominee will have the right over the amount deposited in that account. Whoever registers as a nominee gets full amount. In the absence of a nominee, the account holder’s money remains in the bank. According to an estimate, crores of rupees are deposited in banks in the name of account holders who have died but due to lack of nominee in their account, the victim’s family is not getting the money.
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