Banking

Which bank gives zero balance account

Several public and private sector banks in India offer zero balance accounts, primarily as Basic Savings Bank Deposit Accounts (BSBDA). Key banks providing this facility include:
  • State Bank of India (SBI): Offers BSBDA with no minimum balance requirement.
  • Kotak Mahindra Bank: Provides the 811 Digital Savings Account.
  • HDFC Bank and ICICI Bank: Offer BSBDA with free debit cards and basic banking services.
  • Federal Bank: Offers the Fed Selfie account for instant digital onboarding.
Additionally, all banks support zero balance accounts under the Pradhan Mantri Jan-Dhan Yojana (PMJDY) for financial inclusion.

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