Titan
KF Rookie
I want to open a bank account which offers ASBA facility for minor accounts through netbanking for IPO apply purpose (to increase the chance of allotment).
Minor can't get internet banking access, so usually Minors bank account is tied to guardian Netbanking. (Minor accounts don’t have a separate Net Banking login, as they’re linked to the guardian’s bank account.)
But there is a issue with Netbanking portal of bank, it is usually tied with PAN. When guardian apply for IPO, it picks the PAN of Guardian instead of Minors PAN. As I already applied for the same IPO in my name, duplicate PAN cancels both applications.
Most of the bank staff doesn't understand this difference, they are unable to resolve this issue.
I have searched many portals & found that others are also facing same issue. Most of PSU & private banks dont have this option. After searching a lot found out that AU Small Finance Bank has this feature. But all branch staff does not know how to proceed. And in my location no branch of AU small finance bank is there. I went to another city just to process the same, but seems to be they have no idea what i am talking about.
So if any member or reader or bank employees here knows how to open a bank account & in which bank, so that I can get ASBA for minor facility, please let me know. I am giving a screenshot , from where it clearly shows that AU have two different names & PAN in drop down menu, so that minor PAN can be chosen instead of guardian PAN in Guardian's Netbanking Portal. (P.S. :This is not my screenshot, i collected it from a user from different portal). Please guide in this case.
Minor can't get internet banking access, so usually Minors bank account is tied to guardian Netbanking. (Minor accounts don’t have a separate Net Banking login, as they’re linked to the guardian’s bank account.)
But there is a issue with Netbanking portal of bank, it is usually tied with PAN. When guardian apply for IPO, it picks the PAN of Guardian instead of Minors PAN. As I already applied for the same IPO in my name, duplicate PAN cancels both applications.
Most of the bank staff doesn't understand this difference, they are unable to resolve this issue.
I have searched many portals & found that others are also facing same issue. Most of PSU & private banks dont have this option. After searching a lot found out that AU Small Finance Bank has this feature. But all branch staff does not know how to proceed. And in my location no branch of AU small finance bank is there. I went to another city just to process the same, but seems to be they have no idea what i am talking about.
So if any member or reader or bank employees here knows how to open a bank account & in which bank, so that I can get ASBA for minor facility, please let me know. I am giving a screenshot , from where it clearly shows that AU have two different names & PAN in drop down menu, so that minor PAN can be chosen instead of guardian PAN in Guardian's Netbanking Portal. (P.S. :This is not my screenshot, i collected it from a user from different portal). Please guide in this case.
