SBI, PAN & FD 🤔

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Q1. Is SBI accepting PAN online? (Without visiting branch)

Please don’t suggest any other way to invest.

Q2. About FD, Is it better to have 2 FDs of 50000 or one of 100000? (I know total interest will be same.)

22 Comments  |  
8 Dimers
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Deal Subedar
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You can redeem one fd of 50k in emergency and keep one running

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SunnyKh wrote:

You can redeem one fd of 50k in emergency and keep one running

Right, that’s the thought behind 50k fds.

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Deal Subedar
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iamybs wrote:

Right, that’s the thought behind 50k fds.

Don’t do FDs Now interest is Very Very Low. Better think about some trading, like buying some goods and selling at meager profits to safe people.

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Deal Lieutenant
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postoffice will always give better interest than bank

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Deal Lieutenant
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yes, there is option in netbanking to link PAN, but as I already gave xerox in bank it came updated.. so, I cannot confirm if it gets updated without xerox or not.

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SunnyKh wrote:

Don’t do FDs Now interest is Very Very Low. Better think about some trading, like buying some goods and selling at meager profits to safe people.

Not mah money, not mah decision 😜

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Imharsh wrote:

postoffice will always give better interest than bank

That’s new info, What’s interest for a year for normal account (non-senior citizen).?

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161508 wrote:

yes, there is option in netbanking to link PAN, but as I already given in bank it came updated I cannot confirm if it gets updated without xerox or not.

why aadhar linking disabled in sbi net banking?

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SunnyKh wrote:

Don’t do FDs Now interest is Very Very Low. Better think about some trading, like buying some goods and selling at meager profits to safe people.

I know it’s very low, but it’s not my money so not my dicision, it has to go in FD. 🙂

That’s why I said Please don’t suggest any other way to invest.

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Deal Lieutenant
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Imharsh wrote:

why aadhar linking disabled in sbi net banking?

rolleyes I don’t know.. maybe some issue with UIDAI, or something else
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161508 wrote:

yes, there is option in netbanking to link PAN, but as I already gave xerox in bank it came updated.. so, I cannot confirm if it gets updated without xerox or not.

Right, I saw that PAN linking option too, but I’m not sure if there’s need to submit pan photocopy. If someone has done it personally, then only it can be confirmed.

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Entertainer
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My lazy ass branch never did it. Whenever i submitted request for pan link online. At last had to do it in person. But only 5 min work(plus the 10 hr of line) needs pan xerox.
Do 50 50

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Deal Lieutenant
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iamybs wrote:

Right, I saw that PAN linking option too, but I’m not sure if there’s need to submit pan photocopy. If someone has done it personally, then only it can be confirmed.

Try that, what’s wrong in trying.? U won’t lose any money.

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Deal Lieutenant
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iamybs wrote:

That’s new info, What’s interest for a year for normal account (non-senior citizen).?

i meant like NSC, KVP, PPF etc

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Deal Newbie
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They Accept linking pan online but never approve. Did by visiting branch.

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Deal Cadet
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There is an option to link PAN through SBI Internet banking. But they never approve it. (Its SBI, they can do whatever they like, as their job is never at risk). You have to visit home Branch only. (not any other nearest branch).

My PAN linking is still in pending from last 5 years.

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WALL-E wrote:

There is an option to link PAN through SBI Internet banking. But they never approve it. (Its SBI, they can do whatever they like, as their job is never at risk). You have to visit home Branch only. (not any other nearest branch).

My PAN linking is still in pending from last 5 years.

Yes, exactly this is what I was looking for, personal experience. Thanks for informing, If I have to submit to branch, then there’s no point in submitting it online.

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Fazal44 wrote:

They Accept linking pan online but never approve. Did by visiting branch.

Yes, exactly this is what I was looking for, personal experience. Thanks for informing, If I have to submit to branch, then there’s no point in submitting it online.

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P_A_N_K_A_J wrote:

My lazy ass branch never did it. Whenever i submitted request for pan link online. At last had to do it in person. But only 5 min work(plus the 10 hr of line) needs pan xerox.
Do 50 50

Yes, exactly this is what I was looking for, personal experience. Thanks for informing, If I have to submit to branch, then there’s no point in submitting it online.

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161508 wrote:

Try that, what’s wrong in trying.? U won’t lose any money.

You’re absolutely right but there’s no assurance that it’ll get approved, so it’ll be waste of time. I’ll be waiting, & they’ll never approve. Today I got to know here that they won’t approve so I know I have to go to bank. It’s better to know in advance.😄

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Deal Cadet
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On the other hand PayZapp is doing PAN verification instantly. 🤔😕

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Analyst
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iamybs wrote:

On the other hand PayZapp is doing PAN verification instantly. 🤔😕

Isnt idfc first bank offering more intt on savings>1L than fd? Not sure

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