Pai Sbi: Fill & Download for Free

Please give an application to the deducting branch

The PAI is actually Personal Accidental Insurance of SBI General and the premium amount is Rs.100 for Rs. 2 lakh insurance. This insurance is applicable only for SBI Account Holders. This statement in your passbook would mean that you have subscribed to the said insurance. There is also an option of Auto Renewal in which your account gets automatically debited for next years PA Insurance. If you want to discontinue this policy then you can contact your home branch.

I see many answers without understanding the question. SBI, Axis, Kotak, PayTM bank, RBL, Yes bank & many others offers instant account opening through OTP e-KYC.Yes. One should open only one account using OTP either it be with banks or payments bank or any regulated entity. It comes with below RBI conditions. [1][1][1][1]Provided further that a RE may provide an option for One Time Pin (OTP) based e-KYC process for on-boarding of customers. Accounts opened in terms of this proviso i.e., using OTP based e-KYC, are subject to the following conditions:There must be a specific consent from the customer for authentication through OTPthe aggregate balance of all the deposit accounts of the customer shall not exceed rupees one lakh.the aggregate of all credits in a financial year, in all the deposit taken together, shall not exceed rupees two lakh.As regards borrowal accounts, only term loans shall be sanctioned. The aggregate amount of term loans sanctioned shall not exceed rupees sixty thousand in a year.Accounts, both deposit and borrowal, opened using OTP based e-KYC shall not be allowed for more than one year within which Customer Due Diligence (CDD) procedure as provided in section 16 or as per the first proviso of Section 17 of the Principal Direction is to be completed. If the CDD procedure is not completed within a year, in respect of deposit accounts, the same shall be closed immediately. In respect of borrowal accounts no further debits shall be allowed.A declaration shall be obtained from the customer to the effect that no other account has been opened nor will be opened using OTP based KYC either with the same RE or with any other RE. Further, while uploading KYC information to CKYCR, REs shall clearly indicate that such accounts are opened using OTP based e-KYC and other REs shall not open accounts based on the KYC information of accounts opened with OTP based e-KYC procedure.REs shall have strict monitoring procedures including systems to generate alerts in case of any non-compliance/violation, to ensure compliance with the above mentioned conditions.This is not applicable if you are opening account with Aadhaar bio metrics like SBI digital savings account. It's opened by biometric authentication at a branch whereas instant digital account is opened using OTP (see sbiyono.sbi). If you have opened instant digital account with SBI then you shouldn't create another account with SBI or any other bank (regulated entity).Footnotes[1] Master Directions[1] Master Directions[1] Master Directions[1] Master Directions