Top Zero Balance Savings Account in India
Posted by Creditkaro
With the wave of Demonetization in India, there has been an influx of top Zero Balance savings accounts. However, many of them are a basic Savings account with limited features. But there are few which provide customers with the best of features without the hassle of maintaining any minimum balance. If you want to check out or open free savings accounts, click here.
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We have made a list of best Zero Balance Savings Account in India with the best features and facilities for customers, Debit Card features and interest rates.
|Account Name ||Bank||Interest Rate|
|Axis ASAP Instant Savings Account ||Axis Bank ||3.5% - 7.1%|
|Kotak 811 Savings Account ||Kotak Mahindra Bank ||5.5% - 6.5%|
|DBS digiSavings Account ||DBS||6% - 7%|
|SBI YONO Instant Digital Savings Account ||SBI||3.5%|
|ICICI Basic Savings Account ||ICICI Bank ||4%|
|RBL Digital Savings Account * ||RBL||5.5% - 6.5%|
Here Axis ASAP Account is a Digital Savings Account launched by Axis Bank with no minimum balance requirement. So Axis ASAP Instant Account comes loaded with a variety of features and high interest rate.
minimum balance requirement. So, Axis ASAP Instant Account comes loaded with a variety of features and high interest rate.
Interest Rate: 3.5% – 7.25%
Zero Balance Account
Instant Account Number. Auto FD feature i.e. Balances above Rs 10,000 automatically gets converted into FD, thereby earning higher interest rate
Discount offers on BookMyShow, Cleartrip, Bigbasket, PepperFry and much more
Here Kotak 811 Savings Account is gaining popularity these days as it offers numerous benefits to accountholders with Zero minimum balance requirement. So, Kotak 811 Zero Balance Account comes in three variants – 811 Limited KYC, 811 Lite and 811 Full KYC Account. Hence In addition to this, Kotak also offers an 811 Edge Account which has Minimum Balance Requirement of INR 10000.
Interest Rate: 5% – 6%
DBS has come up with 100% digital banking experience facility for its customers in the form of an app called as digi bank. This app can be used for multiple purposes including Savings Account (aka digiSavings Account), Deposits, Trading and much more. So that With a digi Savings account, customers enjoy the convenience of zero balance account with Asia’s safest bank.
Interest Rate: 6% – 7%
SBI offers to open Zero Balance savings Account for its customers through its latest product SBI YONO app. This app – You Only Need One is a one stop shop for all your requirements – be it banking, shopping and investment needs. Likewise, Their Digital Account is also one of a kind which can be opened online with Aadhaar Card and PAN Card.
Interest Rate: 3.5%
This account is not available for existing customers of the Bank
A personalised Rupay Debit Card is issued in this account
This is the best zero balance Savings Account offered by ICICI Bank. With this card, customers can fulfil their basic banking requirements as and when they need it without having the necessity of keeping balance in account. Basically, ICICI Basic Savings Account also offers Internet Banking and Mobile Banking Facility free of charge to its customers.
Interest Rate: 4%
RBL now offers a digital account. Although this is not technically a Zero Balance Account, but it can be converted into one just by maintaining a SIP or RD with RBL for INR 2000 per month. So that We have included this account in the list owing to its innumerable features and benefits. Hence This account comes with a Titanium Debit Card which is pre-loaded with offers and discounts.
Interest Rate: 5.5% – 6.5%
So, these are the best Zero Balance Savings account in India, making it easier for customers to avail banking services and Financial services without stepping in the bank. So, the facility of Zero minimum balance adds a cherry to the top
Open your Zero Balance Account Now!! Don’t be late to the race, or else you will be left behind.
Q1. What is a zero-balance savings account?
Ans- A Zero balance savings account allows you to have zero-balance on your savings account.
Q2. Where can I find the best zero balance savings account?
Ans- You can out some amazing offers on savings account at CreditKaro.com
Q3. Can I also open zero balance savings account on CreditKaro.com?
Ans – Yes. You can click, compare and apply for various savings accounts in India on CreditKaro.com.
Q4. How can I apply for a savings account on Credit Karo.com?