Opening a Best Zero Balance Saving Account is a smart choice for individuals who want to save without maintaining a monthly average balance. Whether you’re a student, a salaried employee, or a housewife, zero balance accounts offer flexibility, digital banking services, and attractive interest rates – without any penalties.
In this post, we review the Best Zero Balance Saving Account in India (2025) with detailed comparisons, features, and how to apply online.
🏦 What is a Zero Balance Saving Account?
A zero balance account is a type of savings account that doesn’t require the account holder to maintain a minimum balance. You can keep the balance at ₹0 without incurring any charges. These are ideal for first-time account holders or those with low monthly income.
⭐ Top 7 Best Zero Balance Saving Account in India (2025)
| Bank Name | Account Verient | Benefits | Charge/Initial Funding |
|---|---|---|---|
| Kotak Mahindra Bank | 811 Digital Savings Account | Free Virtual Debit Card | Zero Charges |
| Bank of Baroda | BOB LITE Savings Account | Zero Balance Account | Block Physical Debit Card For Complete Charge Free Account |
| Bank of Baroda | BOB BRO Saving Account | Zero Balance Account, | Only For age group 16-25 years |
| Canara Bank | Canara Bank Aspire Savings Account | Zero Debit Card Charge until the age of 28 | Only For age group 18-28 years |
| Jio Payment Bank | Zero Balance Savings Account | Free Virtual Debit Card | Zero Charges |
| Au Small Finance Bank | AU Digital Savings Account | No minimum balance | Debit Card Annual Fees : 200 |
🔍 Best Zero Balance Saving Account – Detailed Comparison
🥇Kotak 811 Digital Savings Account
- Average Montly Balance (AMB): Zero
- Virtual Debit Card: Free
- Passbook: Free
- IMPS, NEFT, RTGS Free
- Cheque book ₹75 (on request)
You May Also Try Kotak 811 Super Savings Account For 500 Cashback Per month on shopping
🥈BOB Lite Savings Account
- Zero balance account
- Close Physical Debit Card
- Virtual Debit Card: Free
- Free Rupay Platinum Debit Card subject to maintenance of QAB
- Rs. 3000 – Metro/Urban
- Rs. 2000 – Semi Urban
- Rs. 1000 – Rural
🥉BOB BRO Saving Account
- No Minimum Balance Requirement
- Free NEFT/RTGS/IMPS/UPI
- Free Cheque book
- Only For Students aged between 16 to 25 years Joint Account :allowed with parent and guardian
🏅Canara Bank Aspire Savings Account
- Account Only For aged between 17 to 28.
- Zero balance account
- Debit card- Rupay Platinum Millennial Card
- Nil AMC on the debit card until the age of 28
- Cheque book : 25 leaves free per annum
- Minimum balance requirement After 28 Aged: 5000
🏅Jio Payment Bank
- Zero balance account
- Free Virtual Debit Card: Rupay Platinum
🏅AU Digital Savings Account
- Zero Balance Account
- RuPay Platinum Debit Card Charges: 200 per Year
Note: Block Physical Debit Card For Complete Charge Free Account
📝 Eligibility & Documents Required
Eligibility:
- Indian resident above 18 years
- PAN or Aadhaar Card
- For minor accounts, guardian’s documents needed
Documents:
- PAN card
- Aadhaar card
- Passport-size photo
- Mobile number linked with Aadhaar (for eKYC)
🚀 How to Open a Zero Balance Saving Account Online?
- Visit the bank’s official website (e.g., Kotak 811, BoB Lite).
- Click “Open Account” or “Apply Now”.
- Enter basic details (PAN, Aadhaar, mobile).
- Complete video KYC (if applicable).
- Account gets activated instantly or in 24 hours.
🔒 Are Zero Balance Saving Account Safe?
Yes. All listed accounts are from RBI-regulated banks and are covered under the Deposit Insurance and Credit Guarantee Corporation (DICGC), securing up to ₹5 lakh per depositor per bank.
🧾 FAQs – Best Zero Balance Accounts
Q1: Which is the best zero balance savings account for students?
Kotak 811, BOB BRO, Canara Bank Aspire are great student-friendly options.
🧠 Final Verdict
For the best returns and digital convenience, Kotak 811 top the list. For traditional banking reliability, Compare features based on your lifestyle – interest rates, digital access, and fees – to choose the right one.
