SBI allows to change or update of nominee details in single or joint accounts as well as accounts of a single owner. Some of the customers need to modify the nominee for their savings, deposit and other accounts those who need to change can update online and offline using the State Bank of India ecosystem.
Every account holder may need to change the nominee for personal or other reasons, all banks also allowed account holders to do this by filling out Form DA3 at the time of account opening.
The account holder can make changes or, cancel the nominees at any time during the account’s validity. You can also nominate a minor, If a minor is named as a nominee, the guardian (an adult) must also be mentioned.
How to Change Nominee through Online SBI
- First, open SBI Net Banking Portal and log in by using the Username and Password of the account at https://onlinesbi.com.
- Then, from the dashboard of the account, choose ‘Requests & Enquiries‘ from the menu.
- On the new page, choose the ‘Online Nomination‘ option.
- Next, select the ‘Cancel Nomination‘ option and then choose the saving or deposit account from the list.
- On the following screen, click the “I accept the terms and conditions” button, then click the ‘Submit‘ option.
- Verify with the OTP and click the ‘Confirm‘ button.
- Depending on when you submitted, you will now read ‘Nomination is scheduled for cancellation‘ OR ‘your nomination is cancelled‘.
- Wait till the current nominee is cancelled. You can’t change the nominee in the SBI account till then.
How to Change Nominee through SBI YONO Lite
Install the State Bank Of India YONO mobile banking app. Please follow the steps below to add a nominee to the State Bank Of India Account.
- Sign in to the SBI YONO Lite app using MPIN or Biometrics.
- Select ‘Online Nomination‘ from the ‘Services‘ menu.
- Select the account type and account number for which you want to unregister a nominee.
- Tap on the Nominee and proceed with ‘Cancel‘
- Then, confirm the details and click ‘Submit‘ to finish the registration.
- Register New Nominee in SBI Account
- After cancelling the nominee, proceed to the Register option.
- Afterwards, choose an account number (saving or deposit).
- Provide the nominee’s name, relationship to the account holder, address and etc.
- Verify with OTP and click Confirm.
- We’ll add the new nominee to your SBI account.
- Register New Nominee in SBI Account
How to Change or Update Nominee Details at SBI Branch
- Visit the nearby State Bank Of India Branch, we recommended visiting the home branch of the Savings or Fixed Deposit account.
- Request to the helpdesk officer to change or update the Nominee details of the account.
- They will give you From DA 3 to submit, and fulfil the request form with complete details of the account along with the nominee.
- Once submitted Form DA 3 is, the bank will update it within 2 to 5 working days.
Download SBI Form DA 3 – Here