Are you tired of paying those pesky monthly maintenance fees on your savings account? Well, worry no more because the world of banking has evolved, and there are now several zero balance saving accounts available in India.
In this article, rapidloans.in will explore the top five banks offering zero balance savings accounts in 2024.
Top 5 Zero Balance Saving Accounts
- Kotak 811 Zero Balance Account
- Fi-Money Zero Balance Account
- ICICI Bank Zero Balance Account
- AU Small Finance Bank Zero Balance Account
- IDFC First Pratham Account
Kotak 811 Zero Balance Account
First up, we have the Kotak 811 Zero Balance Account. This account was designed with the digital-savvy customer in mind, allowing you to open an account in just five minutes. Here are some of the features and benefits of this account:
- No minimum balance requirement
- Free digital transactions
- Interest rates of up to 3.5% p.a.
- A strictly individual account
Fi-Money Zero Balance Account
Next on our list is the Fi-Money Zero Balance Account. This Neo-Banking Bank account comes with some pretty impressive features and benefits, making it a great option for those who want to avoid hidden fees and forex markups.
- No minimum balance required
- Zero forex markup
- Withdraw from any ATM
- No hidden fees
- Insured up to ₹5 lakh
ICICI Bank Zero Balance Account
The ICICI Bank Zero Balance Account is perfect for those who want easy access to their funds and a free debit card. Here are some of the features and benefits of this account:
- Access to over 15,000 ATMs across India
- No minimum monthly average balance required
- No initial deposit needed to open the account
- Offers a single or joint mode of holding
- Free Rupay debit card facility
- Free cash deposits
- Free passbook facility
- Internet banking and mobile banking available upon request
AU Small Finance Bank Zero Balance Account
The AU Small Finance Bank Zero Balance Account offers high-interest rates and a feature-rich debit card, making it a great option for those who want to maximize their savings potential.
- High-interest rates of up to 7.25% p.a.
- Domestic airport lounge access with your debit card
- No minimum balance requirement
- Rupay Platinum debit card with purchase protection, enhanced insurance coverage, and discounts across leading brands in India
- State-of-the-art digital banking with 24×7 access to your funds through AU 0101 app/net banking
- Extended banking hours until 6 pm
- Contactless debit card for transactions up to INR 5,000 without a PIN
IDFC First Pratham Account
Last but not least, we have the IDFC First Pratham Account. This account comes with personal accident insurance, dining deals, and airport lounge access, making it a great option for those who want to enjoy some extra perks.
- Average monthly balance requirements of INR 10,000 or INR 25,000
- Interest rates of 4% and above
- Free unlimited ATM transactions from IDFC First ATMs and 11 free transactions from other ATMs
- Visa Signature or Visa Classic debit card
- Free NEFT/RTGS and IMPS transactions
- Four free cheque leaves per month
- Free cash withdrawals from home or any other branch
- Personal accident insurance of INR 30 lakh for death or permanent disability
- Dining deals and airport lounge access twice per quarter
Bonus: IndusInd Bank Indus Delite Savings Account
IndusInd Bank’s Indus Delite Savings Account offers up to 6% interest rates on deposits above Rs.10 lakh. With a premium debit card, 5% cashback on Amazon, and account number of choice feature, it’s a great option for savers.
Final Thought
So, there you have it, folks! The five best zero balance savings accounts for 2024.
With so many great options out there, you’re sure to find an account that fits your needs and helps you save some cash.
Say goodbye to annoying fees and minimum balance requirements, and hello to hassle-free banking!
