Best Zero Balance Savings Account 2023
02 May 2023Zero balance savings accounts are a great option for people who want to save money but cannot maintain a minimum balance. These accounts offer all the benefits of a regular savings account without the burden of maintaining a minimum balance. In this blog, we will discuss the best zero balance savings accounts available in 2023.
Kotak 811 is one of the best zero balance savings accounts available in 2023. It offers a high-interest rate of up to 4% per annum on deposits up to Rs. 1 lakh. Additionally, the account comes with a free virtual debit card that can be used for online transactions.
The Kotak 811 zero balance saving account can be opened online in just a few minutes, and there are no charges for account maintenance or transactions. The account also offers features like mobile banking, net banking, and phone banking for easy access to your funds.
HDFC Bank's Zero Balance Savings Account is another excellent option for those who want to save money without maintaining a minimum balance. The account comes with a free Rupay debit card that can be used for online transactions.
Additionally, the account offers a high-interest rate of up to 3.5% per annum on deposits up to Rs. 1 lakh. The account can be opened online or at any HDFC Bank branch, and there are no charges for account maintenance or transactions.
ICICI Bank's Insta Save Account is a zero balance savings account that can be opened online in just a few minutes. The account comes with a free debit card that can be used for online transactions and ATM withdrawals.
The account offers a high-interest rate of up to 3.5% per annum on deposits up to Rs. 1 lakh. Additionally, the account comes with features like mobile banking, net banking, and phone banking for easy access to your funds.
Also read about how to open savings account online
Axis Bank's ASAP Account is a zero balance savings account that can be opened online in just a few minutes. The account comes with a free virtual debit card that can be used for online transactions.
The account offers a high-interest rate of up to 3.5% per annum on deposits up to Rs. 1 lakh. Additionally, the account comes with features like mobile banking, net banking, and phone banking for easy access to your funds.
IDFC Bank's Zero Balance Savings Account is another excellent option for those who want to save money without maintaining a minimum balance. The account comes with a free Visa debit card that can be used for online transactions.
Additionally, the account offers a high-interest rate of up to 4% per annum on deposits up to Rs. 1 lakh. The account can be opened online or at any IDFC Bank branch, and there are no charges for account maintenance or transactions.
The YES Bank Zero Balance Savings Account is one of the best options for people who cannot maintain a minimum balance. The account offers a range of features and benefits, including attractive interest rates, free Demat account opening, and the ability to invest in the National Pension System (NPS). Account holders also get free and unlimited transactions across any ATM, a Platinum Debit Card with benefits worth Rs. 32,000, and access to mobile banking and net banking facilities.
The IndusInd Bank Zero Balance Savings Account is another great option for those who cannot maintain a minimum balance. The account offers attractive interest rates, personalized debit cards, and no hidden charges. Account holders can also make up to five free ATM withdrawals per month, and they get access to mobile banking and net banking facilities.
Zero balance savings accounts are a great way to save money without the burden of maintaining a minimum balance. They offer all the benefits of a regular savings account with the added convenience of no minimum balance requirements. In 2023, there are several excellent options for zero balance savings accounts, including Kotak 811, HDFC Bank Zero Balance Savings Account, ICICI Bank Insta Save Account, Axis Bank ASAP Account, IDFC Bank Zero Balance Savings Account, YES Bank Zero Balance Savings Account and IndusInd Bank Zero Balance Savings Account. When choosing a zero balance savings account, consider factors such as interest rates, ease of account opening, and additional features such as online banking and free debit cards.
Also read about how to choose best savings account
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