Best Zero Balance Savings Accounts in India

Last Updated : March 11, 2025, 6:09 p.m.

A savings account is one of the most popular banking products among customers. A large number of people in our country have a savings account to keep their money safe as compared to keeping their homes or carrying it everywhere with them. The lender also provides you interest on the money you keep in your savings account, with the facility to withdraw a portion of it or the full amount anytime, anywhere you need without paying any charges for it. But there is this thing about which a lot of individuals ask – Is there a minimum balance that they have to keep in their savings account?

A minimum balance is an amount fixed by the bank that the account holders need to keep in their savings account . But there are a few banks that provide Zero Balance Accounts to the customers. Such lenders do not charge any fees on keeping zero balance in their account. For individuals who are planning to start their financial journey and are looking for banks which can provide Zero Balance Savings A/c, this article could be a good read for them. We will be telling you about the top banks providing Zero Balance Savings A/c in India. You will be able to make a better decision after knowing all your options. So, keep reading!

List of Top 10 Best Zero Balance Savings Account

We will be talking about both public and private banks that provide Zero Balance Savings Account and also about the other features that these banks provide to the customers. All of them are mentioned below. Have a look at each one of them!

State Bank of India (SBI) Zero Balance Savings Account

When we talk about the leading banks of India, the name of SBI comes at the top because of its large customer base spanned across all parts of India and the seamless services it provides. Among its various services, the SBI Zero balance savings account is one of the top zero balance savings account products for the customers. You can operate your savings account without keeping money in your account, and you will not need to pay any kind of penalty for this. Apart from all its amazing services and facilities, you will also get attractive savings account interest rates .

Some of the important features related to the SBI Zero Balance Saving Account are shown in the table below. Check them out!

RBL Bank Zero Balance Savings Account

RBL Bank is one of the popular private banks that provides zero balance savings accounts to individuals. And when it comes to the maximum balance, there is no limit fixed by the lender. On the money in your account, you will get interest rates up to 7.00% per annum that is among the highest interest rates offered on the savings account. Not only this, but you will also be getting a Free Rupay Debit Card that will have a withdrawal limit of INR 50,000 in a day. You can check some other details related to the RBL Zero Balance Savings A/c in the below table.

HDFC Bank Zero Balance Savings Account

HDFC Bank is one of the renowned names when it comes to the leading private banks of India. With the help of the HDFC Bank Zero Balance Savings Account, you will not need to maintain a Minimum Average balance. Other than this, you also don’t need to deposit any money to open this savings account at HDFC. If you fail to keep any balance in your savings account, you will not need to pay any charges. You will also get a passbook for your account free of cost.

Some of the other important details are shown in the table below. Have a glance!

Indus Delite: Zero Balance Saving Account

With the Indus Online Zero Balance, you can have a Zero Balance Savings Account that will suit your saving needs. On opening this account, you will get a complimentary virtual debit card that can give you benefits on several categories like entertainment, shopping, etc, both online and offline. You will just need your Aadhaar Card and PAN Card and your account will be opened instantly.

The below table has some of the features related to the IndusInd Online Zero Balance that you can look at and decide whether it would be a suitable option for you.

bob LITE Savings Account

After the recent merger of the Dena Bank and Vijaya Bank into the Bank of Baroda (BOB), it has emerged as one of the strongest public sector banks of India. Bank of Baroda Zero Balance Savings Account could be the most suitable choice because of its amazing features. All of those important features are shown in the below table. Please check them to know more about it.

ICICI Savings Account

A Savings Account is a fundamental financial product offered by ICICI Bank, designed to help individuals save and grow their money. With ICICI Bank Savings Account, customers can experience the convenience of easy access to their funds, competitive interest rates and a range of Digital Banking services.

Axis Savings Account

The Axis Bank Small Basic Savings Account is a basic savings account designed for individuals with minimal banking needs. It offers features like zero minimum balance requirements, a free RuPay debit card, and basic banking services like deposits and withdrawals.

YES Bank Savings Account Zero Balance

YES BANK offers Savings Accounts that have been designed specifically to take care of your banking and savings requirements. The innovative financial solutions, backed by expert advice, will provide you with a truly rewarding experience.

IDFC Savings Bank Account Zero Balance

With IDFC Bank, you can open a zero balance account even online. It helps you to manage your finances in a better way and also provides an array of benefits for using the IDFC Savings Account.

Kotak Mahindra Savings Account Zero Balance

Kotak Mahindra savings account is easy to open and the KYC procedures can be done easily online. The interest rate is attractive and one can easily compound money with hassle-free procedures at the comfort of home.