Bank Account: If the name of the nominee is not added to the bank account then this can be a big problem...

According to the Reserve Bank of India, 35 thousand crore rupees are lying in the banks of the country, which no one has claimed. Banking sector experts say that the biggest reason for thousands of crores of unclaimed money lying in the banks is the absence of a nominee in the bank account.

Due to the untimely death of many people, the money lying in their accounts got stuck. Due to the absence of a nominee, this money was not withdrawn. However, now the RBI has instructed the banks to ensure nominees in the accounts. In such a situation, it is important to know whether you have added a nominee to your savings account or not. We are telling you the process of checking (how to check the nominee in account), through which you can easily check the nominee. If the nominee is not added, then you can also add it.

How to check if you have added a nominee? If not added then how to add (way to check nominee in account)

The easiest way tocheck a nominee in an account (way to check the nominee in an account) is the bank branch. You can check whether there is a nominee in the account by visiting the branch of the bank in which you have your account. If not, then after filling out a form, the nominee will be added. This is a very easy process. However, now banks are also providing this facility online. You can easily add a nominee to your account using net banking.

What is a nominee?
A nominee is a person who is entrusted with the account holder's deposit in his absence. A nominee can be called the recipient of the account holder's property. In legal matters, the nominee is the guardian.

How to add a nominee to the account
To open a savings account in the bank, you have to fill out a form. There is a column in it, in which the nominee's information has to be given. There is an option to add a nominee to the savings account. You can make children, wives, or any family member as nominees.

Why is it necessary to add a nominee in the savings account (Nominee in savings account)

It is not mandatory to add a nominee to the savings account, but by doing so you can save your family from trouble. If there is no nominee, the process of transferring money from the account is very long and cumbersome. Amidst the growing number of unclaimed money and investments, Finance Minister Nirmala Sitharaman urged banks to ensure that the accounts have nominees.

Let's understand how to add an online nominee with the example of HDFC Bank.

For example, if you have a savings account in HDFC Bank, you can easily check whether you have added a nominee to your savings bank account or not. We are telling you the entire process.

Log in to HDFC NetBanking using your ID and password.
Go to your 'Savings Account'. Here you can see the balance of your savings account. Click on this figure.

This will take you to the 'Account Summary' page. Here you will find an option called 'Nominee'.

If you have added a nominee, it will appear here. You can change it if you want. You just have to click on the 'Change' option. In the next window, you will get the option to add.

To change the nominee, click on the 'Modify' option and fill in the required details.

If you have not added a nominee, you will get the option to add. You click on 'Add New Nominee' and fill in the details.

You have to mention the nominee's name, date of birth, relationship, address, city, state, country, and pin code.

Once done, check the details you have added. You have to click on 'I am aware and accept the terms and conditions'.

After this, click on 'Confirm'. The new nominee will be added.

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