What is a nominee in the bank? & Why do we need to Add?
A nominee is a person who will look after your bank account in case of death. If you have added a nominee, then he or she will be able to operate your bank account in case you are no more in this world.
If you haven’t added a nominee, then there is no one who can operate your bank account. And that means that all the money which you have deposited in the bank will get locked after your death. And if your family members are not aware of these things then they might get into huge financial loss.
For example, if you have deposited Rs 1,00,000 in an ICICI account and if you haven’t added a nominee in your bank account, then all your money will disappear after your death.
And if no one of your family members knows about it, then they might face trouble while withdrawing money from the bank account after your death. So it is always advisable that before opening a new bank account, you should add a nominee to it.
There are some guidelines that must be followed while adding nominees in online banking. Those guidelines are mentioned on the following lines:
What is needed to add/update a nominee in ICICI Bank online?
To add/update nominee in ICICI bank online, you need the following things:
- ICICI BANK login id and password – How to Register ICICI Bank Internet Banking? Step By Step
- Date birth of the nominee.
- You must have your registered cellphone number with you, To activate the nominee in order to get OTP through SMS.
How to Add/Edit a Nominee to an ICICI Bank Account Online
Step 1: Go to the official website of ICICI bank.
Step 2: On the home page, you will see a section on “Login”. Click on it.
Step 3: Fill in all the details like User ID and password. Finally, click on the “Login” button. You will get redirected to your account page.
Step 4: After logging in to your account, select the OVERVIEW choice from the menu bar, and then select the Personal Details.
Step 5: On the new page, select UPDATE from the Nominee Update area.
Step 6: On the following screen, choose the Account number & click Add Nominee option.
Step 7: Fill out the form with the nominee’s name, relationship to you, and age. To proceed, click the Continue option.
Step 8: Confirm the nomination details on the new page by clicking the Confirm option.
Your account now has a nominee’s information. You will be notified through SMS and email when your nomination information has been successfully added.
If you are having difficulty adding nominee information to your account, another alternative is to visit a branch.
How to Add a Nominee in ICICI Bank by Going to a Bank Branch
It is quite easy to add nominees to ICICI bank. You can visit the bank branch, fill up the form and submit it. But some of the people who are not so familiar with this kind of thing might have some doubts regarding the procedure.
So, here are some guidelines for you to follow so that you can easily add a new nominee in ICICI bank. This is how you can do it:
- Go to your nearest ICICI bank branch and request nominee updating.
- Fill up the forms with information such as your account number, registered cellphone number, and so on.
- Under Nomination information, provide the nominee’s name, relationship to the account holder, and age.
- Sign the paper and hand it over to the bank staff.
- The staff will check your information, and the nominee’s information will be uploaded within 2 working days.
How can I know my icici nominee details?
ICICI Bank has an e- nominee facility through which one can view his/her details of nominees, directors of entities, etc. All you have to do is log in with your current account details & password and on personal details, you can see nominee details.
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