Top 3 banks offering zero-balance savings accounts in 2025

Standing in 2025, zero-balance savings accounts have really become popular among people searching for agility along with financial inclusion without the hassle of keeping a minimum balance in their respective accounts. You might be a student, a first-time account holder, or an individual who wishes to keep banking fees to a minimum. These genres of accounts provide the ease of modern banking without any maintenance costs. Let’s take a deeper look at the top three banks that provide the best zero-balance savings accounts in India.

1. State Bank of India (SBI)

SBI is the largest public sector bank in India. SBI offers a zero balance account in the name of Basic Savings Bank Deposit Account, or in short, BSBDA. There’s no minimum balance required for this account. You also get a free RuPay debit card, along with four free ATM withdrawals each month. Apart from this, you also receive a free NEFT/IMPS transaction. With SBI’s widespread branch and ATM network, it’s perfect for customers residing in both urban and rural areas. Interest rates vary between 2.70% and 3% per annum, providing steady returns.

2. IDFC FIRST Bank

This bank really shines when it comes to its Zero Balance Savings Account. It is one of the top banks with high interest zero balance savings account. This bank provides interest rates up to 7% per annum on certain balances. With a zero balance account in this bank, you won’t have to worry about maintaining a minimum balance. Also, as a customer, you can avail unlimited free ATM withdrawals at any bank’s ATM, along with a complimentary virtual debit card.

3.Kotak Mahindra Bank

This bank offers the 811 account, which is a fully digital zero-balance account option that Kotak Mahindra Bank offers. This bank makes opening an account super quick as well as seamless, using just your Aadhaar as well as PAN card. Moreover, you will also get a virtual debit card along with seamless UPI integration. The interest rates usually range from 3% to 4% per annum.

In 2025, these three banks have really set the standard for zero-balance savings accounts. If you are thinking how to pick the right one, then think what matters most to you and what is your requirement. 

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