SBICAP Trustee Company Ltd Launches ‘MyWill Services Online’

SBICAP Trustee Company Limited (SBICTCL), a wholly owned subsidiary of SBI Capital Markets Limited (SBICAP) – the Investment Banking subsidiary of India’s largest public sector bank, State Bank of India (SBI), has launched an online Will creation service for individuals. The service, called ‘MyWill Services Online’ enables interested individuals to create a Will online in an easy, transparent, hassle free and confidential manner. ‘MyWill Services Online’ offers the twin advantages of being the only completely online Will-creation portal in the country, maintaining strict confidentiality of information submitted by the individuals’ at the most competitive rate in the country.

The service was launched in Mumbai by Smt. Arundhati Bhattacharya – Chairman, State Bank of India in the presence of the SBICAP’s Board of Directors including Shri V.G. Kannan – MD & GE (A&S), SBI, Shri Rajnish Kumar – MD &CEO, SBICAP, Shri Abhay Chaudhari – President & COO, SBICAP & Shri V Muralidharan - CEO & Whole Time Director, SBICTCL, amongst others. The ‘MyWill Services Online’ platform is the most cost effective solution in its class at a price of Rs 2500/- (excluding payment gateway & applicable taxes) and is aimed at making the writing of a Will as simple and convenient as possible with its state-of-the-art technology. Also, unlike similar services wherein the information entered online by the user is passed on to legal experts to create the final will, ‘MyWill Services Online’ enables its users to generate the proforma Will online, which once printed and signed becomes the ‘MyWill’, thus providing a truly secure and confidential interface.

Some of the other salient features of the platform are as listed below:

• Allows the individuals’ to write a Will at a convenient location and time via a 6 step process – registration, verification, payment, data entry, review & generation.

• Online Preview of the Will as it will appear finally during data entry and review

• Multiple reviews (Modification, addition, deletion) of customer data within the stipulated time

• Will generated automatically after Confirmation of completion of review

• Services for the Will and Regeneration for a specified period 

• 24X7 contact centre to support and guide during the entire process

• Allied Services like registration, safe keeping offered at applicable charges

• Services from legal experts, if needed

The ‘MyWill Services Online’ is available for all SBI & non-SBI customers and can be accessed at the link: https://sbicaptrustee.in/mywill/index.jsp or by contacting the 24x7 toll free helpline: 1800112211 / 18004253800 or through an enquiry mail to the id: mywill@sbicaptrustee.com

About SBICAP Trustee Company Ltd:

SBICAP Trustee Company Limited (SBICTCL) incorporated in December 28, 2005 is a wholly owned subsidiary of SBI Capital Markets Limited and is registered with the Securities Exchange Board of India (SEBI) as a Debenture Trustee. It is a public limited company engaged in trusteeship business and acts as Security Trustee, Debenture Trustee, Escrow Trustee etc. The Company offers the best trusteeship services in the domestic market and aims to be the number one trustee company in domestic market and the preferred trustee in global markets. In addition to trusteeship services, SBICTCL offers Online and Offline WILL services with strict transparency & confidentiality in all transactions.

About SBI Capital Markets Ltd:

SBI Capital Markets Ltd. (SBICAP), India’s largest domestic Investment Bank, began its operations in August 1986 and is a wholly owned subsidiary and investment banking arm of State Bank of India (SBI), the largest commercial bank in India. SBICAP offers the entire bouquet of investment banking and corporate advisory services. The service bouquet includes the full range of financial advisory services under one umbrella covering Project Advisory and Loan Syndication, Structured Debt Placement, Capital Markets, Mergers & Acquisitions, Private Equity and Stressed Assets Resolution. SBICAP is a global leader in the area of Project Loan Syndication and has lent crucial support to the Indian infrastructure sector. Headquartered in Mumbai, SBICAP has 6 regional offices across India (New Delhi, Kolkata, Chennai, Ahmedabad, Bangalore and Hyderabad), 2 branch offices (Pune and Guwahati) and 5 subsidiaries - SBICAP Securities Limited, SBICAP Trustee Company Limited, SBICAP Ventures Limited, SBICAP (UK) Limited and SBICAP (Singapore) Limited.