Zero Balance Account

byPaytm Editorial TeamLast Updated: December 12, 2025

Meaning

A Zero Balance Account is a savings account where you do not need to maintain any minimum balance.

Definition

It allows customers to use banking services without penalties for low balance.

Features

  • No minimum balance requirement
  • Easy deposits and withdrawals
  • Suitable for students, beginners, and salaried users

Benefits

  • Affordable banking
  • Helps in financial inclusion

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