Thinking about opening a Zero Balance Savings Account? Choosing the right bank makes banking simpler, smarter, and suitable to your needs. Whether tired of juggling minimum balance requirements or want a hassle-free banking solution, A Savings Account is here to save the day. And guess what? No minimum balance needed. Here are the steps to follow when opting for the right bank.
Things to consider
- Freedom from minimum balances: Forget the stress of maintaining a minimum balance. You can focus on your savings.
- Bank anywhere, anytime: You can access your account at any of our branches, ATMs, or digitally via Online Banking.
- Track your money: Stay in control with e-statements, SMS alerts, and a free passbook.
- No-frills transactions: You have everything you need for seamless banking from free cash deposits to lifetime BillPay services.
Step 1: Check eligibility
- Resident individual
- No existing BSBD Account
- Minors: If you are above 10 years old, you can open a self-operated Minor Account and even get an ATM card.
Step 2: Gather documents
This involves basic paperwork
- Identity proofs: Aadhaar Card, PAN Card, or Passport will do.
- Address proofs: Any official document verifying your residence.
- Passport-sized photo: Because we still need one of those!
- PAN or Form 60: If you don’t have a PAN, Form 60 works just fine.
Keep these handy so you do not scramble mid-process.
Step 3: Opening account
Option 1: Zero-Balance Account Opening Online
- Visit the website: Visit the bank homepage and navigate to the "Savings Account" section.
- Fill out the form: Complete the application with all your details.
- Upload documents: Scan and upload your ID proof, address proof, and photo.
- eKYC verification: If your Aadhaar is linked to your mobile number, eKYC verification makes the process even smoother.
- Submit and wait: Our team will review and get back to you for the next steps.
Option 2: Visit the bank branch
- Visit the branch: The bank’s friendly staff will help with the application form.
- Provide documents: Hand over your photocopies (carry originals for verification).
- Verification and activation: Your account is activated in no time.
Step 4: Start banking
Congratulations! Your Zero-Balance Savings Account is now active. Here is what to do next:
- Access your account using Online Banking mediums.
- Link your account to your phone for SMS alerts.
- Start using your free RuPay Debit Card for withdrawals, online shopping, and more.
- Track your transactions with regular e-statements or the trusty passbook.
Things to remember
- You get four monthly free withdrawals, including ATM and online transactions. After that, charges apply.
- Want a chequebook? You get 25 free cheques per year.
While most services are free, always check the latest fees on the bank website.
