Some of the best balances savings banks accounts for students in India in 2023 are, Induslnd Student Savings Account, HDFC DigiSave Youth Account, IDFC First Bank Pratham Savings Account, and SBI Basic Savings Bank Deposit Account. This account comes with no minimum balance requirement, monthly fees, and other benefits like cashback, rebates, and gifts. The difference Between ICICI Bank and IDFC Bank are among the best banks in India for students offering zero-balance accounts. It’s important to compare the features and benefits of each education loan to find the one that best suits your needs.
Also, Read: Generation Google Scholarship| Especially Designed For Asia-Pacific’s Women Students| Apply Now
HDFC DigiSave Youth Account
- HDFC DigiSave Youth Account is a savings account offered by HDFC Bank in India.
- The account is specifically designed for youth and students, with features that make banking easy and convenient.
- HDFC DigiSave Youth Account offers exclusive benefits on digital banking, cards, loans, and offers on food, recharge, movies, travel, and much more.
- The account also comes with a debit card, mobile banking, and Internet banking facilities.
- HDFC DigiSave Youth Account is open for individuals between 18 years to 25 years.
- Resident individuals can open an individual account or a joint account with up to three account holders.
- HDFC DigiSave Youth Account is one of the best banks in India for students that offer zero-balance accounts.
- Students can open an account online or in person at an HDFC Bank branch
Official Website Link Click Here
Induslnd Student Saving
- IndusInd Bank offers a student savings account called Indus Young Saver Account.
- This account can be opened in the minor’s name or as an ‘under guardian’ account where the parents take care of the savings account.
- The account is designed to inculcate the habit of saving among children and teach them how to save.
- It is a two-in-one account with the benefit of both savings and investment.
- The account has no minimum balance requirement and no monthly fees.
- IndusInd Bank is one of the best banks in India for students that offer zero balance accounts.
- The bank also offers other savings accounts for children.
- Students can open an account online or in person at an IndusInd Bank branch
- official Website Link Click Here
IDFC First Bank Pratham Savings Account
- IDFC First Bank Pratham Savings Account is a zero-balance savings account offered by IDFC First Bank in India.
- The account is considered the most basic facility provided by the bank and is designed to attract more customers.
- The account has no minimum balance requirement and no monthly fees.
- The account also comes with a debit card, mobile banking, and Internet banking facilities.
- IDFC First Bank Pratham Savings Account allows unlimited customer withdrawals at any ATM.
- The account also offers net banking, UPI transactions, and a bank passbook.
- IDFC First Bank is one of the best banks in India for students that offer zero-balance accounts.
- Students can open an account online or in person at an IDFC First Bank branch
- official Website Link Click Here
SBI Basic Savings Bank Deposit Account
- SBI Basic Savings Bank Deposit Account is a zero-balance savings account offered by the State Bank of India in India.
- The account is designed to meet the banking needs of the deprived section of society.
- SBI Basic Savings Bank Deposit Account has no minimum balance requirement and no monthly fees.
- The account also comes with a debit card, mobile banking, and Internet banking facilities.
- The account is KYC compliant and can be operated as a single account or jointly.
- The account has a maximum balance limit of INR 50,000.
- SBI Basic Savings Bank Deposit Account is one of the best banks in India for students that offer zero-balance accounts.
- Students can open an account online or in person at an SBI branch
- official Website Link Click Here
Also, Read: Google Conference Scholarships For Indian College Students in 2023
Different Between ICICI Bank and IDFC Bank
- Both Bank and IDFC Bank offer zero-balance savings accounts in India.
- IDFC First Bank Pratham Savings Account is a zero-balance savings account offered by IDFC First Bank.
- The account has no minimum balance requirement and no monthly fees.
- The account also comes with a debit card, mobile banking, and Internet banking facilities.
- The account allows unlimited customer withdrawals at any ATM.
- The account also offers net banking, UPI transactions, and a bank passbook.
- Bank also offers zero-balance savings accounts in India.
- The zero balance savings account is a basic savings account that doesn’t have a minimum balance requirement.
- The account also comes with a debit card, mobile banking, and Internet banking facilities.
- Both banks are among the best banks in India for students that offer zero balance accounts.
- Students can open an account online or in person at a Bank or IDFC First Bank branch