A nominee is a person appointed by the account holder, who is authorized to receive the funds in case of the death of the account holder. So this is the reason while opening any type of account such as savings, fixed deposit, recurring deposit, Public Provident Fund (PPF), articles in safe custody and safe deposit vaults, etc. the bank demands to add nominee in its form.However, filling the nominee field is not mandatory and if the account holder wants to skip it then they can leave it … [Read more...]

State Bank of India Customers holding SB/ CC/ or OD accounts activated with SMS Alerts Service are been charged Rs.15/- per quarter which in total per annum becomes Rs.60/-. So those people who don’t want to get charged their account with SMS Alert Fee per quarter can get rid of it simply by disabling State Bank of India SMS Alerts.Below steps will help you to disable State Bank of India SMS Alerts Online, but to be able to disable SMS Alerts Online you should have State Bank of India … [Read more...]