keshavab
TF Buzz
I recently opened SBI savings accounts for my two kids:
👦 Son – 16 years old
👧 Daughter – 9 years old
Goal: Apply for IPOs under their PAN for long-term wealth building.
But SBI branch staff denied issuing ATM & NetBanking access, saying minors are not eligible.
I checked SBI's own site—they do mention ATM & limited NetBanking under “Pehla Kadam / Pehli Udaan”. Staff says “webssite not updated” 🤷♂️
So what’s the truth?
📘 In the passbook, the account variant is just “Saving Account” – not “Pehla Udaan/Kadam”.
I plan to apply IPOs via ASBA using NetBanking, but without credentials, I’m completely stuck.
I don’t want to go the offline route or use 3rd-party application
My understanding so far:
✅ Minors can hold bank + Demat accounts
✅ Guardian can operate the account & apply for IPOs under the minor’s PAN
❌ But without netbanking, ASBA seems impossible
Also, slightly off-topic but frustrating:
Why are SBI employees often rude and dismissive?
They literally said, “Tumko business thodi na karna hai” when I asked about enabling features for IPOs.
What’s their pay scale and qualification? Anyone knows?
🔍 I need help with:
If anyone has successfully applied IPOs for minors using SBI, please share:
✅ Your steps
✅ Account type used
✅ Any activation tips
Would deeply appreciate your insights, TF fam. 🙏
Hoping to get this sorted before the next IPO window opens.
Thanks in advance! 🙌
👦 Son – 16 years old
👧 Daughter – 9 years old
Goal: Apply for IPOs under their PAN for long-term wealth building.
But SBI branch staff denied issuing ATM & NetBanking access, saying minors are not eligible.
I checked SBI's own site—they do mention ATM & limited NetBanking under “Pehla Kadam / Pehli Udaan”. Staff says “webssite not updated” 🤷♂️
So what’s the truth?
📘 In the passbook, the account variant is just “Saving Account” – not “Pehla Udaan/Kadam”.
I plan to apply IPOs via ASBA using NetBanking, but without credentials, I’m completely stuck.
I don’t want to go the offline route or use 3rd-party application
My understanding so far:
✅ Minors can hold bank + Demat accounts
✅ Guardian can operate the account & apply for IPOs under the minor’s PAN
❌ But without netbanking, ASBA seems impossible
Also, slightly off-topic but frustrating:
Why are SBI employees often rude and dismissive?
They literally said, “Tumko business thodi na karna hai” when I asked about enabling features for IPOs.
What’s their pay scale and qualification? Anyone knows?
🔍 I need help with:
- Can SBI minor accounts have NetBanking/ASBA or UPI access?
- Any workarounds if ATM/NetBanking are not activated?
- Do I need to open a new Pehli Udaan type account instead?
If anyone has successfully applied IPOs for minors using SBI, please share:
✅ Your steps
✅ Account type used
✅ Any activation tips
Would deeply appreciate your insights, TF fam. 🙏
Hoping to get this sorted before the next IPO window opens.
Thanks in advance! 🙌
