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    • Of Course Yes

      • Of Course Yes. A zero balance savings account does not just free you from the string of maintaining a minimum account balance but also helps you manage your finances and track your expenses. It helps you lower your expenditures and inculcate the habit of saving.
      www.bankofbaroda.in/banking-mantra/savings/articles/what-is-zero-balance-account
  1. People also ask

  2. Should you open a zero-balance Savings Account? A zero-balance Saving Account allows for hassle-free savings. But there are certain drawbacks that may affect your banking experience:

  3. 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.

  4. Should you Look For A Zero Balance Account? Here’s what you need to know. When it comes to selecting a Savings Account, a Zero Balance Account may not possibly be the best choice.

    • IDFC First Bank Pratham Savings Account
    • Features of Indus Online Savings Account
    • Yes Bank Smart Salary Advantage
    • Utkarsh Basic Savings Bank Deposit Account
    • Au Digital Savings Account
    • Kotak Mahindra 811 Digital Bank Account
    • HDFC Bank- Basic Savings Bank Deposit Account

    Features of Pratham Savings Account

    1. This IDFC Bank savings account is a BSDBA that can be opened by those who do not have a savings account in any other bank 2. Unlimited ATM withdrawals with access to any micro ATM 3. Daily ATM withdrawal limit – Rs. 40,000 4. Comes with RuPay Classic Debit Card 5. Complimentary personal with your accident insurance cover of Rs. 2 lakh Read More: IDFC First Bank Savings Account

    Complimentary Premium Debit Card
    5% cashback when shopping on Amazon
    Facility to choose an account number of your choice
    Online money transfers via NEFT / RTGS / IMPS

    Features of YES Bank Smart Salary Advantage

    1. This YES Bank savings account is only for salaried persons 2. Free and unlimited transactions at any ATM across the country 3. Get monthly 5 free transactions at any other bank’s ATM in India 4. Comes with IMPS & UPI facility for quick money transfers 5. Option to open free Demat account 6. Complementary “Engage” debit card with ATM withdrawal limit of Rs. 75,000 7. The debit card offers accidental death cover, lost card liability, and purchase protection Also Read: YES Bank Savings Account

    Features of Utkarsh Basic Savings Bank Deposit Account

    1. Classic RuPay debit card with no annual maintenance charges for the first year 2. Unlimited domestic cash withdrawals at all ATMs 3. Passbook facilities for all account holders Also Read: Utkarsh Small Finance Bank Savings Account

    Features of AU Digital Savings Account

    1. Complimentary domestic airport lounge access 2. RuPay Debit Card which provides purchases protection, enhanced insurance coverage, and exciting offers and discounts 3. Debit card with the option of contactless transactions up to Rs. 5,000 in India 4. Extended banking hours and a visit to any AU Bank branch till 6 PM 5. Free unlimited IMPS/RTGS/NEFT fund transfers with yourthrough digital channels

    Features of 811 Digital Bank Account

    1. Can be opened online with video KYC – bank visit eliminated 2. Install 811 App or visit the website to quickly open an account 3. Comes with an instant free virtual debit card (physical debit card issued at a fee of Rs. 199 p.a.) 4. You can transfer money online via IMPS and NEFT Also Read: Kotak Mahindra Bank Savings Account

    Features of Basic Savings Bank Deposit Account

    1. Free passbook facility for all individual account holders 2. 4 free ATM withdrawals per month – no limit on the amount 3. Complimentary RuPay debit card 4. Free e-mail account statements 5. This can be opened only by those who are employees of a company with a salary agreement with HDFC Bank 6. Being a BSBDA, this account cannot be opened if one has another savings or salary account in any other bank Also Read: HDFC Bank Savings Account

  5. May 28, 2024 · Axis Bank offers the Amaze Zero Balance Digital Savings Account. This account comes with numerous benefits, including welcome benefits worth ₹5,999, annual rewards worth ₹4,800, and no charges on domestic transactions.

  6. Dec 6, 2023 · 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.

  7. Yes Bank Savings Account. Interest rate: Upto 6.25% Balance required: Zero. Special feature: Earn up to 16000 Yes Bank Rewardz Points worth 4000 INR. Open Now. On Yes Bank’s secure website....

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