Applying IPO for Minors Using SBI Account – Facing Issues 😞

[keshavab]

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:

• 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! 🙌

 

[Nvmxtty]

They opened normal sb account “SB-LOTUS-NOCHQ” you cant even order cheque or use yono, but yeah you can use upi, with aadhar upi pin set

 

[keshavab]

They opened normal sb account “SB-LOTUS-NOCHQ” you cant even order cheque or use yono, but yeah you can use upi, with aadhar upi pin set

yes account added to upi (phonepe) , since minor and parent mobile number is same there is some issue with aadhar upi pin set (my speculation), how to solve that,if it get solved my all problem will be solved ,/ and debit card we dont have , can we have debit card with “SB-LOTUS-NOCHQ” ,, how i can cross check account varient is “SB-LOTUS-NOCHQ” ?