Banking

Which banks offer zero balance account

Several major Indian banks offer zero balance accounts, often referred to as Basic Savings Bank Deposit Accounts (BSBDA). These accounts allow customers to maintain a balance of zero without incurring penalties. Notable banks providing this facility include:
  • State Bank of India (SBI) - Offers the Insta Plus Video KYC and BSBDA accounts.
  • Kotak Mahindra Bank - Known for the Kotak 811 Digital Savings Account.
  • Bank of India - Provides a Basic Savings Bank Deposit Account.
  • IndusInd Bank - Offers the Indus Online and Indus Small Savings Accounts.
  • Federal Bank - Features the FedSelfie and FedExcel zero balance options.
  • Standard Chartered Bank - Offers the Basic Banking Account.

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