Which bank offers zero balance account

Several banks in India offer zero balance savings accounts, primarily through the Basic Savings Bank Deposit Account (BSBDA) scheme or specific digital products. These accounts do not require a minimum average balance. Key options include:

• Federal Bank: Offers the Fed Selfie and BSBDA variants with no maintenance charges.
• Kotak Mahindra Bank: Provides the Kotak 811 digital zero balance account.
• State Bank of India (SBI): Offers BSBDA to all citizens without any monthly average balance requirements.
• HSBC India: Provides BSBDA for basic banking services without fee hurdles.

These accounts typically provide free debit cards and internet banking.