SBI SA

SBI SA

169°
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Deal Cadet
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planning to open sbi account as private banks seems risker these days….is it fine to open sbiyono account or shld i visit branch?

22 Comments  |  
16 Dimers
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Deal Cadet
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Both have same features, but sometimes branch people will not KYC your account. Infact they don’t know how to kyc for yono account.

Better to open account by physical branch.

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Critic
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You can also open acc in HDFC or ICICI,all these 3 banks are given official status of “too big to fail” by RBI so no difference between them from a depositor’s point of view. Also open sbi acc by visiting branch because yono acc issues will go over the head of branch people so in case of any issue you will be on your own.

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Deal Cadet
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Open dcb elite savings account they will come home to collect docs 😊

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Tech Guru
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SBI branch staff don’t know what is YoNo, they don’t know how to do kyc and suggest you to convert your account to general account by submitting duly filled account opening form

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Tech Guru
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Don’t open account in sbi, open account in ICICI,

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Deal Subedar
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Open account in any of these 3:- HDFC, ICICI and SBI

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Blogger
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Arey. Scheduled commercial bank are good, be it private, be it psu, it doesn’t matter. 🙂

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Analyst
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I opened Account through Yono

Filled details went to branch, had my account opened in 10 mins no paperwork photo nothing smile

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Critic
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Gaurav_G wrote:

I opened Account through Yono

Filled details went to branch, had my account opened in 10 mins no paperwork photo nothing smile

You got lucky & the branch you went to also seems to be in the minority of good branches in a psu bank. smile

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Analyst
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guest_999 wrote:

You got lucky & the branch you went to also seems to be in the minority of good branches in a psu bank. smile

Yes smile

They asked me to sit in the sofa and the executive came to me everytime to get the formalities done cool

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Critic
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Every time some private bank fails due to looting by the Adani, Ambani, Subhash Chandra & co, SBI will be asked to take over the NPA debts. Every time, it will be the SBI account holders who will have to pay the cost of such takeover.

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Deal Subedar
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Havent u guys heard a word, npa write-off? Ex FM explained during pnb/idbi and other psu banks. smiley

https://m-economictimes-com.cdn.ampproject.org/...

Those who helped govmt to reach [email protected] seats : won’t let them go down….

Who’s next after yed bank in private banks?…

Probably indusind: based on credit agencies ratings/reports etc.. 

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Coupon Hunter
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panchabhut wrote:

Every time some private bank fails due to looting by the Adani, Ambani, Subhash Chandra & co, SBI will be asked to take over the NPA debts. Every time, it will be the SBI account holders who will have to pay the cost of such takeover.

Can u explain plz how its costing us??

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Deal Cadet
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AJ89 wrote:

Can u explain plz how its costing us??

Although, loans are written off. Bank would recover it through increasing MAB, sms charges, ATM card maintaince, increasing processing fees for loans, higher foreclosure penalty. Though these charges are not worth headache for middle class, poor people suffer a lot.

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Deal Captain
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Times have changed atleast for metros. Sbi branch people are telling everyone in the branch to download yono

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Critic
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AJ89 wrote:

Can u explain plz how its costing us??

The NPAs are provisioned and ultimately written off as bad debt in the books of accounts. That hits the profit of the bank. So bank reduces the interest rate for it depositors and starts recovering various charges from its depositors to compensate for the loss.

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Deal Subedar
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Gaurav_G wrote:

Yes smile

They asked me to sit in the sofa and the executive came to me everytime to get the formalities done cool

That sounds like you visited an SBI intouch branch.

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Deal Cadet
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panchabhut wrote:

The NPAs are provisioned and ultimately written off as bad debt in the books of accounts. That hits the profit of the bank. So bank reduces the interest rate for it depositors and starts recovering various charges from its depositors to compensate for the loss.

imterest kaam thik hai…bass capital safe rahe grinning

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Deal Cadet
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Would suggest go for hdfc icici if you are salaried person and opening as a salary account. They will give you many features

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Deal Cadet
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Dont depend on one bank.
If you have till 5 lacks savings 2 banks is sufficient
10 lakhs 3 bank is sufficient
20 lakhs 4 bank is sufficient
more than 20 lakhs? You are in the wrong platform delete your dd account

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