How Does a Zero Balance Savings Account Work?
The best zero balance account offers all the features of a regular account but requires no minimum balance. You may need to deposit some money in a few banks while opening the account, but you can also take that money out of that account as soon as the account is active. In most of the best zero balance saving accounts, one does not need to deposit anything to open it, and no penalties are charged for not maintaining the minimum account.
Top Zero Balance Savings Accounts in India
Check out the best zero balance accounts offered by the top Indian banks and the benefits they can offer you!
IDFC Bank Pratham Savings Account
With minimum documentation requirements, Indian citizens and residents can apply for the zero balance savings account by IDFC! Here are the benefits of IDFC’s best zero balance account!
- Upto 7% interest rate
- Nil monthly maintenance fees
- Free debit card
- Free cheque book
- Access to online banking and mobile banking
RBL Bank Digital Savings Account
Enjoy the following benefits with the best zero balance account at RBL Bank!
- An interest rate of 7.00%
- Zero monthly maintenance fees
- Free debit card
- Free card replacement
- Access to online banking and mobile banking
- Unlimited free transactions at RBL Bank’s ATMs
Kotak Mahindra Bank 811
This savings account from Kotak is available in two different variants. The common benefits include:
- Interest rateof 3.50%
- Free debit card
- Online banking facilities
- Video KYC (for the digital variant)
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