Which bank has minimum balance for savings account

Several Indian banks offer savings accounts with low or zero minimum balance requirements to promote financial inclusion. Key options include:

• Zero Balance Accounts: Kotak 811, State Bank of India (Basic Savings Bank Deposit Account), and Federal Bank (FedSelfie) allow customers to maintain a zero balance without penalties.
• Low Balance Accounts: Public sector banks like Indian Bank often have minimum requirements ranging from Rs. 500 to Rs. 2,500, depending on the branch location (rural, semi-urban, or urban) and chequebook facilities.
• Special Categories: Students, minors, and pensioners often enjoy zero or reduced minimum balance requirements across various banks.