{"id":11624,"date":"2023-01-29T00:36:21","date_gmt":"2023-01-28T19:06:21","guid":{"rendered":"https:\/\/aayushbhaskar.com\/?p=11624"},"modified":"2023-01-29T10:55:14","modified_gmt":"2023-01-29T05:25:14","slug":"best-zero-balance-bank-account-in-india","status":"publish","type":"post","link":"https:\/\/aayushbhaskar.com\/best-zero-balance-bank-account-in-india\/","title":{"rendered":"12 Best Zero Balance Bank Account in India","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"

Do you get bored of keeping a minimal amount in your bank account?<\/p>\n

Are you weary of paying penalties for not keeping that balance?<\/p>\n

You’re not alone, though. Many Indians struggle to have a minimum amount in their bank accounts, but with the emergence of zero-balance bank accounts, this is no longer an issue.<\/p>\n

This post will go through the top nine greatest zero-balance bank accounts in India, as well as their characteristics and how they might help you. We have covered everything from government-owned banks to commercial banks. A zero-balance bank account is a terrific alternative for anybody trying to save money<\/a>, whether you’re a student, a small company owner, or just someone looking to save money.<\/p>\n

So sit back, relax, and let’s get started on finding the best zero-balance bank account for you!<\/em><\/p>\n

Equitas Bank Digital Savings Account<\/strong><\/a><\/h2>\n

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Since its founding in 2007, Equitas Bank has offered its clients cutting-edge banking options. Their Digital Savings Account is one such option, which is ideal for those who like the ease of doing their banking from home. This account is simple to set up and has no minimum balance; all you need is your PAN and Aadhaar card.<\/p>\n

Additionally, there is no need to physically visit any branches because the account is entirely digital. Through the bank’s mobile application, which works with iOS and Android devices, you may simply manage your account.<\/p>\n

The bank also guarantees lifelong free accounts and full KYC compliance for each account. It is the ideal choice for time-constrained people who value comfort and simplicity.<\/p>\n

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  1. Minimum Balance Requirement:- <\/strong>Nil<\/li>\n
  2. Fees and Charges:- <\/strong>Nil (No hidden charges)<\/li>\n
  3. Ease of account opening and maintenance:- <\/strong>The Equitas Bank Digital Savings Account is a fully digital account that can be easily opened online using just your PAN and Aadhaar card. No need to visit a branch.<\/li>\n
  4. Interest Rates:-\u00a0<\/strong>Interest is credited quarterly. Following are the interest rates.
    \n\n\n\n\n\n
    Up to \u20b9 1 lakh<\/td>\n3.50%<\/td>\n<\/tr>\n
    \u00a0\u20b9 1 lakh – \u20b9 5\u00a0 lakhs<\/td>\n5.25%<\/td>\n<\/tr>\n
    Above \u20b9 5 lakhs<\/td>\n7.00%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/li>\n
  5. ATM Cash withdrawal<\/strong>:-<\/strong>\u00a0 Free for their own ATMs. For other ATMs, 3 transactions and 5 transactions are allowed in metro and non-metro cities, respectively.<\/li>\n
  6. Debit card:-<\/strong>\u00a0 5 types of debit cards available ( Visa Classic, Visa Gold, Visa Platinum, Visa Signature)(Charges vary accordingly)<\/li>\n
  7. Cheque Book:- <\/strong>A single checkbook free of cost per annum.<\/li>\n
  8. Digital Banking Services:-<\/strong> Free NEFT\/IMPS\/RTGS transactions with net banking, but fees may apply for branch transactions.<\/li>\n
  9. Eligibility Criteria<\/strong>\n