7 days to verity and update PAN online by SBI???

Can India be transformed with such banks which take 7 days to verify a PAN online for a Savings account? Especially when there are linkages all over the place - aadhaar linked to pan, passport linked to PAN.
This is the case with SBI. When opening the account about 10 years back, I had given the PAN number. But, our friends at the bank did not update it and I also did not check. About 3 days back, I wanted to open an RD, online. The system said that the PAN is not updated. So, please create a request for updating PAN. It is has been over 3 days now and the request is still not processed. When there is a link between Aaadhar and PAN and also PAN can be verified online, SBI technologists seem to be blissfully unaware of this. Looks like somebody in the home branch needs to manually verify it (work expands to fill time).
No wonder, the big bulls are given loans without scrutiny and they in turn default on the loan payments, more  

View all 19 comments Below 19 comments
Why blame SBI.It's RBI which passes stupid orders from time to time.When Adhar Card is linked why this KYC update after certain period.Even MF has awful requirement for KYC more  
SBI is pain in the neck. Bank misplaces the documents submitted in support of KYC and then start harassing customers including Sr citizens. Another nationalised bank which keeps troubling is Indian Bank. I used to draw my pension from Allahabad bank which was an efficient bank. This was merged with Indian bank and trouble has started. This bank staff does not pick up phones. more  
SBI is the biggest public sector bank and efforts must be made to improve its performance by Ministry of Finance more  
SBI stands for SLOWER BANK OF India. so they are acting slow as per their status. why to Cry ? more  
Let us co-operate the Bank and hope the work is completed at the earliest more  
Post a Comment

Related Posts

    • Need to streamline airport processes

      Unless our big international airports wake up to the new norms for international arrivals from the 14+ 'at risk' nations from December 1, there will be out and out chaos at our airports as thousand...

      By Ruchika L Maheshwari
    • Great work circles and GOI

      The government on Sunday said that international arrivals will now have to upload their 14-day travel history and valid negative RT-PCR test reports on Air Suvidha portal before embarking on their ...

      By Vikram Gupta
    • LocalCircles Impact: Govt to reconsider international flights resumption

      We are pleased to share that the Government is acting on both our recommendations about reconsidering resumption date of Dec 15th for commercial international flights and introducing mandatory RT-P...

      By LocalCircles Manager
    • Special watch on under 25 population - Omicron

      One of the data points from South African researchers says that under 25 population has most of the Omicron cases. Here is some Karnataka info for everyone to ponder on. State...

      By Ashima Gupta
    • Mask Compliance

      Attached image is from a busy market from my town Indore. WHO has marked the new Covid variant as VOC and called it Omicron. LocalCircles must immediately demand from Government to enfor...

      By Ankita Jain
    • India’s ridiculous decisions

      Does one arm of Govt of India not talk to the other arm. On the day when the world is worried about Nu and banning international flights, the folks in our amazing aviaiton ministry are opening flig...

      By Vinita Agrawal
    • B.1.1.529 or Nu rising - Careful India

      This B.1.1.529 or soon called Nu variant has 32 spike mutations — over 2x more than DeltaVariant had in its spike. Many scientists say B11529 has an “awful spike profile” based on...

      By Sudesh Rai
    • Public Pulse on Cryptocurrencies

      Many of you in the last 6 months have raised the subject of Cryptocurrencies from a regulation and tax evasion standpoint and many of you participated in the recent circle survey on what should be ...

      By LocalCircles Manager
    • Covaxin efficacy at 50%

      Attached is a Lancet study on Covaxin I received that says its efficacy is 50%. Is there a similar study for Covishield or Astrazeneca? Also does this mean boosters are a must...

      By Nikita Goyal
    • Weddings and risk of COVID spread

      Thanks to all the circle members who participated in the survey on whether you plan to attend weddings and engagements in the auspicious period of Nov-Dec months. Below is the full survey report:

      By LocalCircles Manager
    • Himalayan blunder

      Highway on the Himalayan terrain for char dham pilgrims, originally proposed by the government and rejected by the Supreme court. Now, the govt says it is required for National security ( the new j...

      By Padmanabhan G
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)