A zero-balance savings account is perfect for those who don’t want to maintain a minimum balance. Unlike regular savings accounts, these accounts allow you to keep your balance at ₹0 without penalty charges. They are ideal for students, beginners, and salaried individuals.
Here’s everything you need to know about the best zero-balance savings accounts in India 2025.
Benefits of Zero-Balance Savings Accounts
✅ No penalty for non-maintenance of minimum balance
✅ Free online banking and UPI services
✅ Easy account opening via Aadhaar & PAN
✅ Suitable for first-time account holders, students, and digital banking users
Best Zero-Balance Savings Accounts in India 2025
1. SBI Basic Savings Bank Deposit Account (BSBDA)
No minimum balance required
Free ATM-cum-debit card
4 free cash withdrawals per month
Good for rural and first-time users
2. HDFC Bank Basic Savings Account
Zero balance facility
Free RuPay debit card
Net banking & mobile banking access
Ideal for salaried and digital banking users
3. ICICI Bank Basic Savings Account
No minimum balance
Free passbook & ATM card
4 free branch transactions per month
Best for those needing branch + online services
4. Axis Bank Basic Savings Account
Zero balance with free RuPay debit card
Mobile banking, UPI, NEFT, IMPS available
4 free withdrawals per month
Best for young professionals
5. Kotak 811 Zero Balance Account
100% digital account opening via app
Free virtual debit card
High interest rates up to 4% p.a.
Popular among students & digital-savvy users
6. Paytm Payments Bank Savings Account
Zero balance requirement
Free digital debit card
UPI, wallet & Paytm services integrated
Easy for online shoppers & digital users
7. Airtel Payments Bank Savings Account
No minimum balance needed
24x7 banking via Airtel Thanks app
Cashback & mobile recharge offers
Great for prepaid/postpaid mobile users
📊 Comparison at a Glance
| Bank/Account | Zero Balance | Debit Card | Interest Rate | Digital Banking |
|---|---|---|---|---|
| SBI BSBDA | Yes | Free | 2.7% – 3% | Yes |
| HDFC Basic Savings | Yes | Free | 3% – 3.5% | Yes |
| ICICI Basic Savings | Yes | Free | 3% – 3.5% | Yes |
| Axis Basic Savings | Yes | Free | 3% – 3.5% | Yes |
| Kotak 811 Digital Account | Yes | Free | Up to 4% | 100% Digital |
| Paytm Payments Bank | Yes | Free | 2.5% – 3% | 100% Digital |
| Airtel Payments Bank | Yes | Free | 2.5% – 3% | 100% Digital |
✅ Which One Should You Choose?
Students & Beginners → SBI BSBDA, Kotak 811
Salaried Professionals → HDFC, ICICI, Axis
Digital Users & Online Shoppers → Paytm Bank, Airtel Bank
👉 For flexibility, Kotak 811 is the best all-rounder.
👉 For traditional users, SBI BSBDA is highly reliable.
❓ FAQs
1. Can I open multiple zero-balance savings accounts?
Yes, but banks may require KYC compliance and limit to one basic savings account.
2. Do zero-balance accounts earn interest?
Yes, most accounts offer 2.5% – 4% per annum.
3. Can I get a debit card with zero-balance accounts?
Yes, most banks offer a free RuPay or virtual debit card.
4. Are there hidden charges?
Generally no, but some banks limit free withdrawals and transactions.
Published on : 26th August
Published by : SMITA
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