Banking

Which bank is zero balance account

Several banks in India offer zero balance savings accounts, often referred to as Basic Savings Bank Deposit Accounts (BSBDA). These accounts do not require a minimum average balance. Key banks providing this facility include:
  • State Bank of India (SBI): Offers BSBDA with no minimum balance and a free RuPay debit card.
  • Kotak Mahindra Bank: Its 811 Digital Bank Account is a popular zero balance option.
  • HDFC Bank and ICICI Bank: Both provide BSBDA options for eligible customers.
  • Federal Bank: Offers accounts like Fed Selfie and BSBDA with no maintenance charges.
  • IndusInd Bank: Provides the Indus Online Savings Account.

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