Most of the people want to open savings account with zero balance in banks. There are many people for whom it is very difficult to maintain a minimum balance every month. In such a situation, through zero balance savings account, he stays away from the problem of maintaining minimum balance. However, many banks follow the criteria of maintaining a minimum balance in the savings account and for not doing so, a penalty is also imposed on the customers. But by opening a savings account on zero balance, we are saved from it. Here you can see the list of such banks, which allow their customers to open accounts on zero balance.
State Bank Of India
State Bank of India’s zero balance savings account service has been named as ‘Basic Savings Bank Deposit Account (BSBDA). Under this, customers get an interest rate of 2.70 percent.
HDFC Bank
This bank gives its customers the benefit of 3 percent interest rate on zero balance savings account. The zero balance savings account service of the bank is known as ‘Basic Savings Bank Deposit Account (BSBDA).
Kotak Mahindra Bank
The zero balance savings account of this bank is known as 811. This bank gives an interest of 4 percent to its customers.
YES BANK
Customers can avail the benefit of 4 percent interest rate on Yes Bank’s zero balance savings account. Apart from this, the withdrawal limit from the debit card of this bank is Rs 75,000.
IndusInd Bank
The zero balance savings account of IndusInd Bank offers the benefit of an interest rate of 4.00 percent. Personal Accident Insurance of Rs 2 lakh is given through Platinum Plus Debit Card in Indus Online Savings Account.
IDFC First Bank
The zero savings account of IDFC First Bank offers the benefit of an interest rate of 4.00 percent. Apart from this, the daily withdrawal limit from ATMs is Rs 40,000.
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