Nomination in SBI account: Step-by-step guide to register nominee online and at branch

To add a nominee to your SBI account online, start by logging in to your Online SBI account. Next, navigate to the request & enquiries section and select online nomination. Choose the account number for which you want to add a nominee, fill in the nominee’s details accurately, and finally, click submit to complete the process.

To add or update a nominee using the YONO app, first open the app and go to services & request. then, tap on account nominee and choose manage nominee. From the dropdown menu, select the account number for which you want to add a nominee. Enter the nominee’s details carefully and click submit to complete the process.

To register a nomination through a State Bank of India branch, customers can download or collect the nomination form from their home branch and fill in the nominee details carefully. Once completed, the form must be signed and submitted to the home branch for processing. After submission, customers should retain the acknowledgment slip provided by the bank as proof of registration for future reference.

The nomination facility allows customers to appoint a person who can claim the balance in a bank account, locker, or safe custody article in the event of their death. Nomination facility is available for deposit accounts, safe custody articles, and safe deposit vaults. Applies only to individual or joint accounts, including sole proprietorships.

Having a nomination in place ensures a quick and hassle-free settlement of funds after the accountholder’s demise. The nominee becomes eligible to claim the balance amount once the accountholder passes away or, in the case of joint accounts, after the death of all accountholders. Without a valid nomination, legal heirs may be required to submit succession certificates or other legal documents, which can delay access to the funds.