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HDFC Bank’s Basic Savings Bank Deposit Account (BSBDA), a zero balance savings account, provides access to some of the best banking services. With our BSBD account, you can access banking services across multiple branches ATMs and branches around the country.
However, certain types of Savings Accounts don’t mandate a minimum balance, they are called zero-balance Savings Account. The idea is simple - you can open a Savings Account, but you don’t have to maintain a minimum balance in it.
What are the Different Types of Savings Accounts?
What are the Different Types of Savings Accounts? - Savings accounts<...
SiliconIndia
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Fresh KYC for PM Jan Dhan accounts completing 10 years: How to update KYC details in PMJDY accounts with SBI, PNB, ICICI Bank, Canara Bank - The Economic...
PM Jan Dhan accounts KYC:The PMJDY was launched in 2014, resulting in the opening of approximately 10.5 crore PMJDY accounts i...
The Economic Times
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Jul 9, 2024 · A Zero Balance Savings Account is a game-changer in the world of banking. Its simple concept of no minimum balance requirement and zero charges makes it an attractive choice for many.
Oct 21, 2024 · Going more in-depth, a zero balance savings account is a type of deposit account which doesn't demand users to keep a minimum balance in their account. In fact, for customers who desire to open a savings account without undergoing the botheration of maintaining a minimum balance, opting for a zero balance savings account will be a wise decision.
May 13, 2024 · Do you know what is a zero balance savings account? It is a type of savings account where you are not required to maintain a minimum balance, i.e. your account balance can go down to Rs. 0 and it won’t attract any penalties. It can be a difficult task to maintain a minimum balance in the account.
Oct 17, 2022 · As the name suggests, a zero balance savings account is a 0 balance account where the account holder is free to operate the account without maintaining a minimum balance. You also have an option of online bank account opening with zero balance.
AMAZE, a Zero Balance Savings Account, by Axis Bank is designed specifically for customers who wish to experience stress-free banking with no minimum balance maintenance. It also offers other benefits, such as annual benefits, 250+ banking services, low initial funding, and a quick opening process.
6 days ago · Savings Account that allows zero balance in the account without any charges is known as zero-balance account. According to the Reserve Bank of India (RBI), this account is also known as Basic Savings Bank Deposit (BSBD) account that encourages people to open more savings accounts. Updated On - 11 Nov 2024. Check your Credit Score for Free.
Dec 31, 2023 · So, what is a zero-balance saving account exactly? It is a type of savings account that you can open without maintaining any minimum balance. With no minimum balance requirement, there are no penalties to worry about. It is also known as Basic Savings Bank Deposit Account (BSBD). Features and benefits of a zero-balance savings account
Jul 3, 2024 · A zero balance account is a type of savings account where you can have a minimum balance of zero and still not have to pay a penalty fee. As per the RBI guidelines, this type of account is also known as Basic Savings Bank Deposit (BSBD) account.
