No, you cannot open a savings account in the State Bank of India (SBI) or any other bank in India without a PAN card. PAN (Permanent Account Number) is a unique 10-digit alphanumeric identifier issued by the Income Tax Department of India to individuals, firms, and companies for tax purposes.

As per the guidelines of the Reserve Bank of India (RBI), it is mandatory for all banks to obtain PAN card details from their customers while opening a savings account. This is because the PAN card is used to link all financial transactions of an individual to their tax records, making it easier for the government to track and monitor their financial activities.

If you don’t have a PAN card, you can apply for one through the official NSDL website or through a PAN card service provider. Once you have obtained your PAN card, you can then open a savings account in SBI or any other bank of your choice.

How to open a bank account without pan card?

It is not possible to open a savings account in a bank in India without a PAN (Permanent Account Number) card. PAN is a unique 10-digit alphanumeric identifier issued by the Income Tax Department of India and is mandatory for individuals and entities to open a bank account, make investments, and engage in various other financial transactions.

In case you don’t have a PAN card, you can apply for one through the official NSDL website or through a PAN card service provider. The process for applying for a PAN card involves filling out an online application form, submitting the required documents, and paying the processing fee.

Once you have obtained your PAN card, you can then proceed to open a savings account with any bank of your choice by visiting the bank’s branch, filling out the account opening form, and submitting the required documents, which may include your PAN card, proof of identity and address, and proof of income.