Best Zero Balance Savings Accounts in India 2025 | No Minimum Balance
Best Zero Balance Savings Accounts in India (2025)
Best Zero Balance Savings Accounts in India (2025)
What Is a Zero Balance Savings Account?
A zero balance savings account lets you keep your account active without maintaining any minimum balance. You can open it online using Aadhaar and PAN and still enjoy features like UPI, IMPS, NEFT, debit card, and mobile banking. These accounts are ideal for students, freelancers, or anyone looking for hassle-free banking.
Features to Check Before Opening
- Competitive interest rate (up to 7% p.a. in some banks)
- Free RuPay/Visa debit card and UPI support
- Unlimited online transactions
- 100% online account opening via Aadhaar e-KYC
- No penalties or maintenance charges for zero balance
- Wide branch and ATM network
Top 5 Zero Balance Savings Accounts in India (2025)
1. Kotak Mahindra Bank – 811 Digital Savings Account
Kotak 811 is one of the best digital zero balance accounts in India. You can open it instantly using Aadhaar and PAN. It offers up to 3.5% p.a. interest, a virtual debit card, and full UPI access. Perfect for students and freelancers who prefer mobile banking.
2. State Bank of India – Basic Savings Bank Deposit Account (BSBDA)
SBI’s BSBDA is a safe choice for first-time users. It offers complete zero balance maintenance with a 2.70% p.a. interest rate. You also get ATM, net banking, and mobile banking access at India’s most trusted bank.
3. Axis Bank – ASAP / Amaze Zero Balance Account
Axis Bank ASAP lets you open a fully digital zero balance account with UPI and debit card facilities. It offers around 3% p.a. interest and free digital transactions, making it ideal for young professionals and online shoppers.
4. IDFC FIRST Bank – Zero Balance Account
IDFC FIRST offers one of the highest interest rates among zero balance accounts — up to 7% p.a. It’s a great choice if you want digital banking with higher returns and excellent app performance.
5. RBL Bank – Digital Savings Account
RBL Bank provides up to 6.75% p.a. interest with a zero balance variant. It offers a simple mobile app, free virtual debit card, and instant online KYC process.
Quick Comparison Table
| Bank | Account Name | Zero Balance | Interest Rate | Best For |
|---|---|---|---|---|
| Kotak Mahindra Bank | 811 Digital | Yes | 3.5% p.a. | Students / Freelancers |
| State Bank of India | BSBDA | Yes | 2.70% p.a. | Beginners / Rural users |
| Axis Bank | ASAP / Amaze | Yes | 3.0% p.a. | Online professionals |
| IDFC FIRST Bank | Zero Balance | Yes | Up to 7% p.a. | High returns seekers |
| RBL Bank | Digital Savings | Yes | Up to 6.75% p.a. | Tech-savvy users |
Why Zero Balance Accounts Are Popular in 2025
With RBI encouraging financial inclusion and banks going digital, zero balance savings accounts have become popular. They are perfect for low-income earners, students, or digital users who want banking freedom without penalties.
Tips to Choose the Right Account
- Pick a bank with good app and customer support
- Check interest rate slabs and transaction limits
- Read terms carefully for hidden fees or promotional limits
- Ensure UPI, debit card, and net-banking are included
Final Thoughts
Zero balance savings accounts make banking accessible and stress-free. In 2025, you have great options like Kotak 811, SBI, Axis, IDFC, and RBL — all offering digital onboarding and excellent features. Choose the one that fits your needs and start your financial journey today.
✍ Author: Indrajit Mandal
Digital content creator and blogger. I share educational Purpose information about government schemes and education & Finance.
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