Every time you wish to open a savings account, you might have heard about a zero balance savings account. Do you know what is a zero balance savings account? It is a type of savings account where you are not required to maintain a minimum balance, i.e. your account balance can go down to Rs. 0 and it won’t attract any penalties.
It can be a difficult task to maintain a minimum balance in the account. A majority of banks in India keep a minimum balance limit of Rs. 5,000 – Rs. 10,000 per account to maintain. Such a requirement may become problematic for those of us who earn just enough to meet our requirements.
In such cases, a zero balance savings account is an ideal option. Discussed below are some of the top zero balance savings accounts in 2025 for Indian citizens. But first, let’s check out the interest rates of these top zero balance savings account:
Top Zero Balance Savings Account
| Account Name | Interest Rate (up to Rs. 1 lakh) |
| RBL Basic Savings Account | 3.25% |
| IDFC First Bank Pratham Savings Account | 3.00% |
| IndusInd Bank Indus Online Savings Account | 3.00% |
| YES Bank Smart Salary Advantage | 3.00% |
| Utkarsh Basic Savings Bank Deposit Account ( BSBDA ) | 3.50% |
| AU Digital Savings Account | 3.50% |
| Kotak Mahindra Bank 811 Digital Bank Account | 2.75% |
| HDFC Bank BSBDA | 3.00% |
| Standard Chartered Bank Aasaan | 2.75% |
| State Bank of India BSBDA | 2.70% |
Note: The above-mentioned interest rates are updated as on 19th May, 2025.
RBL Basic Savings with your Account
| Account Name | Account Balance | Rate of Interest (p.a.) |
| RBL Basic Savings Account |
Upto Rs. 1 lakh | 3.25% |
| Above Rs. 1 lakh up to Rs. 5 lakh | 3.50% | |
| Above Rs. 5 lakh up to Rs. 10 lakh | 5.00% | |
| Above Rs. 10 lakh up to Rs. 25 lakh | 6.50% | |
| Above Rs. 25 lakh up to Rs. 3 crore | 7.00% | |
| Above Rs. 3 crore up to Rs. 7.5 crore | 6.50% | |
| Above Rs. 7.5 crore up to Rs. 50 crore | 6.25% | |
| Above Rs. 50 crore up to Rs. 200 crore | 6.00% |
Features of RBL Savings Account
- Free RuPay Card with a cash withdrawal limit of Rs. 50,000 for ATM & Rs. 30,000 for POS
- 2 cheque books free per annum
- Free replacement of damaged card
- Higher fixed deposit rates to help your money grow, including tax savings deposits
- Unlimited free transactions at RBL Bank’s ATMs
Read More: RBL Bank Savings Account
IDFC First Bank Pratham Savings Account
| Account Name | Account Balance | Rate of Interest (p.a.) |
| Pratham Savings Account |
<= Rs. 5 Lakh | 3.00% |
| > Rs. 5 Lakh <=Rs. 25 Crore | 7.00% | |
| > Rs. 25 Crore <= Rs. 50 Crore | 6.50% | |
| > Rs. 50 Crore <= Rs. 100 Crore | 6.00% | |
| > Rs. 100 Crore <= Rs. 200 Crore | 4.50% | |
| > Rs. 200 Crore | 3.50% |
Features of Pratham Savings Account
- This IDFC Bank savings account is a BSDBA that can be opened by those who do not have a savings account in any other bank
- Unlimited ATM withdrawals with access to any micro ATM
- Daily ATM withdrawal limit – Rs. 40,000
- Comes with RuPay Classic Debit Card
- Complimentary personal with your accident insurance cover of Rs. 2 lakh
Read More: IDFC First Bank Savings Account
IndusInd Bank- Indus Delite Savings Account
| Account Name | Account Balance | Rate of Interest (% p.a.) |
| Indus Online Savings Account |
Daily balance upto Rs. 5 Lakh | 3.00% |
| Daily balance above Rs. 5 Lakh upto Rs. 10 Lakh | 4.00% | |
| Daily balance above Rs. 10 Lakh upto Rs. 25 Lakh | 5.00% | |
| Daily balance above Rs. 25 Lakh upto Rs. 50 Lakh | 6.00% | |
| Daily balance above Rs. 50 Lakh upto Rs. 5 Crore | 7.00% | |
| Daily balance above Rs. 5 Cr upto Rs. 100 Crore | 7.00% (Flat rate applicable on entire balance) |
Features of Indus Online Savings Account
- Complimentary Premium Debit Card
- 5% cashback when shopping on Amazon
- Facility to choose an account number of your choice
- Online money transfers via NEFT / RTGS / IMPS
- Should have a valid mobile-linked Aadhar number and PAN to open this account
Also Read: IndusInd Bank Savings Account
YES Bank Smart Salary Advantage
| Account Name | Account Balance | Rate of Interest (% p.a.) |
| Smart Salary Advantage | Up to 10 lakh | 3.00% |
| Above Rs. 10 lakh and less than Rs. 25 lakh | 3.50% | |
| Above Rs. 25 lakh and less than Rs. 50 lakh | 4.00% | |
| Above Rs. 50 lakh and less than Rs. 100 crore | 5.00% |
Features of YES Bank Smart Salary Advantage
- This YES Bank savings account is only for salaried persons
- Free and unlimited transactions at any ATM across the country
- Get monthly 5 free transactions at any other bank’s ATM in India
- Comes with IMPS & UPI facility for quick money transfers
- Option to open free Demat account
- Complementary “Engage” debit card with ATM withdrawal limit of Rs. 75,000
- The debit card offers accidental death cover, lost card liability, and purchase protection
Also Read: YES Bank Savings Account
Utkarsh Basic Savings Bank Deposit Account (BSBDA)
| Account Name | Account Balance | Rate of Interest (p.a.) |
| Utkarsh Basic Savings Bank Deposit Account (BSBDA) | Balance up to Rs. 1 Lakh | 3.50% |
| Incremental balance above Rs. 1 Lakh and up to Rs. 5 Lakh | 5.25% | |
| Incremental balance above Rs. 5 Lakh and up to Rs. 10 Lakh | 6.50% | |
| Incremental balance above Rs. 10 lakh and up to Rs. 50 lakh | 7.25% | |
| Incremental Balance above Rs. 50 lakh up to Rs. 100 crore | 7.50% | |
| Incremental Balance above Rs. 100 crore | 7.75% |
Features of Utkarsh Basic Savings Bank Deposit Account
- Classic RuPay debit card with no annual maintenance charges for the first year
- Unlimited domestic cash withdrawals at all ATMs
- Passbook facilities for all account holders
Also Read: Utkarsh Small Finance Bank Savings Account
AU Digital Savings Account
| Account Name | Account Balance | Rate of Interest (p.a.) |
| AU Digital Savings Account | <= Rs. 1 lakh | 3.50% |
| >Rs. 1 lakh <=Rs. 10 lakh | 5.00% | |
| >Rs. 10 lakh <=Rs. 25 lakh | 7.00% | |
| >Rs. 25 lakh <=Rs. 1 crore | 7.00% | |
| >Rs. 1 crore <=Rs. 5 crore | 7.25% | |
| >Rs. 5 crore <=Rs. 10 crore | 7.00% |
Features of AU Digital Savings Account
- Complimentary domestic airport lounge access
- RuPay Debit Card which provides purchases protection, enhanced insurance coverage, and exciting offers and discounts
- Debit card with the option of contactless transactions up to Rs. 5,000 in India
- Extended banking hours and a visit to any AU Bank branch till 6 PM
- Free unlimited IMPS/RTGS/NEFT fund transfers with your through digital channels
Kotak Mahindra 811 Digital Bank Account
| Account Name | Account Balance | Rate of Interest (% p.a.) |
| 811 Digital Bank Account | Up to Rs. 50 lakh | 2.75% |
| Above Rs. 50 lakh up to Rs 300 crore | 3.25% |
Features of 811 Digital Bank Account
- Can be opened online with video KYC – bank visit eliminated
- Install 811 App or visit the website to quickly open an account
- Comes with an instant free virtual debit card (physical debit card issued at a fee of Rs. 199 p.a.)
- You can transfer money online via IMPS and NEFT
Also Read: Kotak Mahindra Bank Savings Account
HDFC Bank- Basic Savings Bank Deposit Account (BSBDA)
| Account Name | Account Balance | Rate of Interest (% p.a.) |
| Basic Savings Bank Deposit Account | Below Rs. 50 lakh | 3.00% |
| Rs. 50 lakh and above | 3.50% |
Features of Basic Savings Bank Deposit Account
- Free passbook facility for all individual account holders
- 4 free ATM withdrawals per month – no limit on the amount
- Complimentary RuPay debit card
- Free e-mail account statements
- This can be opened only by those who are employees of a company with a salary agreement with HDFC Bank
- Being a BSBDA, this account cannot be opened if one has another savings or salary account in any other bank
Also Read: HDFC Bank Savings Account
14 Comments
Please give me a link of hdfc to open zero balance account
HDFC Zero Balance Account
What are the hidden charges associated with opening a zero balance Account, all Banks first attract customers & later stage they keep charging for the services provided? Please also can you advise which Banks are reliable for NRI customers while opening a Local Bank Account
Hi Sam,
Charges like atm card fees, atm withdrawal charges, cheque book fees, duplicate statement, interest certificate charges, etc. are applicable.
Also, banks charge for issuance of an additional chequebook and duplicate passbook among other miscellaneous services.
thank for sharing a great article ,happy to read
My Aadhar card is not linked with Mobile Number. Can I open 0 Balance account
Hi Vipin, as per the Supreme Court of India, it is not mandatory to link your bank account with Aadhaar Card to open a new bank account. However, you should link your mobile number with Aadhaar for various services such as you can e-verify the income tax return using your Aadhaar number wherein an OTP is sent to the linked mobile number. You can easily update your personal details online using your linked Aadhaar by entering an OTP sent to your mobile number.
Hi Ojasvini. Is this list valid in 2020? Or have there been any changes?
Hi Sunil, yes this list is valid for 2020.