Here, we delve into the top 3 Zero Balance Savings Account in India for 2023, empowering you to make an informed decision that aligns with your financial goals.
In today’s dynamic financial landscape, managing your finances effectively has become crucial. Savings accounts play a pivotal role in achieving financial stability, allowing individuals to save money securely while earning interest. Zero-balance savings accounts, in particular, have gained significant traction in recent years, offering a convenient and accessible option for managing finances without the burden of maintaining a minimum balance.
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Here are the top 3 zero-balance savings accounts in India for 2023
1. Kotak Mahindra Bank: 811 Digital Bank Account
Another one on the list is this Kotak Mahindra zero balance account. It provides adequate interest rates and zero charges on not maintaining the account. You also get a virtual debit card that can be used for shopping online. Moreover, paying credit card bills and transferring money online is free of cost as well with this Kotak 811 saving account.
2. Axis Bank: ASAP Instant Savings Account
One of the easiest ways of opening this zero-balance savings account in Axis Bank is by downloading the Axis mobile app or by applying online. If you want, you can also register your PAN, Aadhaar, and other data online. Associated with the mobile app, this one provides unlimited TRGS and NEFT transactions. And, when your account balance is more than Rs. 20,000, you can also earn interest through their auto FD feature.
This is a zero-balance savings account that is easy to open and manage online or through the AU 0101 app. It offers an interest rate of up to 7.25% p.a., and you can earn cashback on your transactions.