Best Zero Balance Savings Account in India
We are sure that you have heard about Zero Balance Account many times. So zero balance account is also a type of savings account where you don’t need to maintain any minimum balance or you can say there is no penalties if balance in that account is 0.
Sometimes it becomes very difficult for a person to maintain a minimum balance in their account. So those kind of people should go for Zero Balance Account.
Today, we are going to brief you about some best Zero Balance Accounts in India:
Kotak Mahindra Zero Balance Account(Kotak 811)
Opening Kotak Zero Balance Account is very easy. You just have download their Mobile App or visit their website. There, with the help of Video KYC, your account can be opened instantly.
Once your account is opened, then your free virtual debit card also will be issued, and you can start transferring , money through IMPS or NEFT.
| Account Name | Account Balance | Rate of Interest (% p.a.) |
| 811 Digital Bank Account | Up to Rs.1 lakh | 3.50% |
| Above Rs. 1 lakh up to Rs 1 crore | 4% |
HDFC Bank- Basic Savings Bank Deposit Account (BSBDA)
HDFC also offers zero bank balance account which offers free passbook facility, 4 ATM transactions/month, complimentary RuPay debit card.
| Account Name | Account Balance | Rate of Interest (% p.a.) |
| Basic Savings Bank Deposit Account | Below Rs. 50 lakh | 3.00% |
| Rs. 50 lakh and above | 3.50% |
State Bank of India- Basic Savings Bank Deposit Account (BSBDA)
Most people trust SBI and good thing is that, SBI is also offering a zero bank balance account which is offering no maximum balance limit in your account. It can be opened by any individual provided they have valid KYC documents. You will get a basic Rupay ATM-cum-debit card.
| Account Name | Account Balance | Rate of Interest (% p.a.) |
| Basic Savings Bank Deposit Account | Up to Rs. 1 lakh | 2.70% |
| Above Rs. 1 lakh | 2.70% |
RBL Basic Savings with your Account
With RBL zero bank balance account, you will get a Free rupay card with a cash withdrawl limit of 50,000 for ATM & 30,000 INR for POS. You will also get 2 cheque book/Annum. There will be also free replacement of a damaged card. RBL also offers higher fixed deposit rates.
There is also unlimited free transactions at RBL Bank’s ATMs
| Account Name | Account Balance | Rate of Interest (p.a.) |
| RBL Basic Savings Account | <= Rs. 1 lakh | 4.25% |
| >Rs. 1 lakh <=Rs. 10 lakh | 5.50% | |
| >Rs. 10 lakh <= Rs. 3 crore | 6.00% | |
| > Rs. 3 crore <= Rs. 5 crore | 6.00% | |
| > Rs. 5 crore <= Rs. 10 crore | 5.75% | |
| > Rs. 10 crore <= Rs. 50 crore | 5.75% | |
| > Rs. 50 crore <= Rs. 100 crore | 5.25% | |
| > Rs. 100 crore <= Rs. 250 crore | 5.00% | |
| > Rs. 250 crore <= Rs. 300 crore | 4.00% | |
| <= Rs. 350 crore | 4.00% |
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