Best Public Sector Bank

[tuhin]

Hi @TechnoFino Community members,

We are about to close 2022. We have only a few days left. So let's vote for your favourite public sector bank in India:

 

[Gau₹av]

Not SBI because they force us to buy new Android phone to use Yono. Android 9 and later only can run Yono whereas all the 50 other banks in India have no such stupid requirement. And also SBI don't send account statement on email, it never arrives. SBI facilities like auto-sweep on savings plus account (MOD) also broken causing you interest loss, amount never goes reliably for auto sweep. BOB, PNB, Canara are the top 3 best in no particular order. SBI sucks.

 

[SiddharthR]

1. Not SBI because they force us to buy new Android phone to use Yono. 2. And also SBI don't send account statement on email. 3. SBI facilities like auto-sweep on savings plus account (MOD) also broken. BOB, PNB, Canara are the top 3 best in no particular order. SBI sucks.

Mine opinion is just opp. to it regarding SBI,
just the problem is crowded branches.
1. How SBI force to buy new Android phone
2. Available
3. Available

 

[kjs]

If you get a good psu bank branch service wise around the areas where you are living then its charges are much lesser than private banks.. Private banks only for salary account i feel just for those high variant account benefits in case required in future...but Now SBI high variant sal account also provides decent benefits.. unfortunately not all companies have tie ups with sbi

 

[kjs]

Not SBI because they force us to buy new Android phone to use Yono. And also SBI don't send account statement on email. SBI facilities like auto-sweep on savings plus account (MOD) also broken. BOB, PNB, Canara are the top 3 best in no particular order. SBI sucks.

Bob app dosent work aftr 10-11pm..also there are lot of server issues these days with bob when used for upi payment dont know if its same for others

 

[tuhin]

I personally can't set UPI pin for BOB Account. If I am setting one UPI Pin, again it's asking Pin Setup on the next transaction. God knows, what happened to them.

Moreover, I found BOB Branches in Kolkata are the worst in customer service than PNB & SBI. Most of the branches are filled with Lazy employees here. Yeah, a few branches are exceptionally good. Luckily I found one.

Fyi, I didn't visit Canara Bank branch yet. So, I don't know their service & product details.

 

[DEEP_RAY]

For PSU, I personally like SBI.

1. "Almost" everything you can do from internet banking may not be like ICICI but SBI provides more features than HDFC.
2. Availability of SBI ATMs is more. In the digital era, from resetting PIN to changing NetBanking password validation, you can do it from an ATM, with no need for a branch visit.
3. Less charges for service SBI BANK provides.
4. It has SBI e-Corner in all major towns.

So if you want a basic banking lifestyle then SBI is more than enough.

For higher lifestyle value or want to utilize bank freebies then you can look for private players.

SBI CONS:
1. Like HDFC you cannot access/do all account tasks (e.g. KYC update), Cash Withdrawl, or Cash Deposit from any SBI branch free.

 

[kjs]

I personally can't set UPI pin for BOB Account. If I am setting one UPI Pin, again it's asking again Pin Setup on the next transaction. God knows, what happened to them.

Moreover, I found BOB Branches in Kolkata are the worst in customer service than PNB & SBI. Most of the branches are filled with Lazy employees here. Yeah, a few branches are exceptionally good. Luckily I found one.

Fyi, I didn't visit Canara Bank branch yet. So, I don't know their service & product details.

SBI seems to be a better option incase you dont wish to open FD there ..Canara , PNB both are good in our area. recently I opened account with Union Bank just for FD's..

 

[tuhin]

SBI seems to be a better option incase you dont wish to open FD there ..Canara , PNB both are good in our area. recently I opened account with Union Bank just for FD's..

Are you getting any profit from multiple bank accounts? Seems you have to at least bear the SMS fee which is around Rs 60 per year. I don't see any profit.

 

[kjs]

For PSU, I personally like SBI.

1. "Almost" everything you can do from internet banking may not be like ICICI but SBI provides more features than HDFC.
2. Availability of SBI ATMs is more. In the digital era, from resetting PIN to changing NetBanking password validation, you can do it from an ATM, with no need for a branch visit.
3. Less charges for service SBI BANK provides.
4. It has SBI e-Corner in all major towns.

So if you want a basic banking lifestyle then SBI is more than enough.

For higher lifestyle value or want to utilize bank freebies then you can look for private players.

SBI CONS:
1. Like HDFC you cannot access/do all account tasks (e.g. KYC update), Cash Withdrawl, or Cash Deposit from any SBI branch free.

Are you getting any profit from multiple bank accounts? Seems you have to at least bear the SMS fee which is around Rs 60 per year. I don't see any profit.

I am getting better funds management. As i diversify my funds into 4 diff account
- Salary Account -> EMI deduction
- Investment Account / utility bills -> lic , mf , equity linked , paying credit card & utility bills.
- UPI Account - Daily transaction , tranfer money once a month to this account from Salary
- Emergency Fund Account - Create small FD's every month as part of emergency fund.

my 1,2 accounts have no sms or debit card charges , I am ok to bare charges for other 2 accounts.

 

[Sahilhenzy]

Not SBI because they force us to buy new Android phone to use Yono. Android 9 and later only can run Yono whereas all the 50 other banks in India have no such stupid requirement. And also SBI don't send account statement on email, it never arrives. SBI facilities like auto-sweep on savings plus account (MOD) also broken causing you interest loss, amount never goes reliably for auto sweep. BOB, PNB, Canara are the top 3 best in no particular order. SBI sucks.

You can use Yono lite no problem

 

[Sahilhenzy]

SBI is best in my area because they have 1 branch 3 CSP and 1CDM 4-5 ATM staff is good now before it was horrible even with managers.