How Zero Balance Accounts in India Increase Savings?

Many banks in India are providing a zero balance account. If you don’t know what a zero balance account is then you must know about it. Using this savings account you can save from your daily income and expenses. There are no maintenance charges and minimum limit required to keep the account active. To know about the best zero balance accounts in India and their features read the article given below.
List of banks and their zero balance savings account
SBI: The state bank of India offers a zero balance account to customers at 3.5% per annum. You can save up to INR 1 crore and above using the SBI savings account. The user doesn’t even require to maintain a minimum balance on their account to keep it active. You will get a Rupay debit card with your zero balance savings account without any extra fees. 
Kotak Mahindra Bank: You can open a zero balance account with the Kotak Mobile app. Just download the Kotak Mahindra mobile banking app. After that upload your Aadhar and PAN details to open a zero balance account without a hassle. You can get a 6.00% interest on your deposited amount.
HDFC: The individual can open zero balance accounts in India with HDFC Bank. It offers a free passbook, cheque book and Rupay debit card. No maintenance fee is required for the savings account. To build a habit of savings and hassle free money management open the HDFC zero balance savings account
IDFC Bank: Grow your savings and save for your future with IDFC zero balance account. It provides 7.00% per annum interest on your deposited amount. Also, you can withdraw funds from your account using the IDFC free Visa debit cum ATM card. You can get 6.00% interest on balance less than or equal to 1 lakh and 7.00% interest on above 1 lakh. 
Open Zero balance accounts in India under PMJDY
You can open zero balance accounts in India under the government saving account scheme Pradhan Mantri Jan Dhan Yojana. Under this scheme, you can get life cover of INR 30,000 and overdraft facility after 6 months of the account usage is provided to the user. You can apply for a PMJDY savings account from any of the banks and get the benefit of savings on your monthly income or daily savings.
Important documents required to open a savings account is the applicant ID proof. Just submit the Aadhar and PAN card copy to your bank to get zero balance accounts in India. There is no requirement to submit any money to activate your savings account. So get you zero balance savings account today and save from your daily budget and get more out of it. When your account is activated you will get a free Passbook, Rupay Debit Card and cheque leaves under the PMJDY. You can visit your nearest bank branch or apply for the account using the online banking services.  Now savings are much easier than you thought of it with the best savings accounts and the PMJDY scheme.
Location: India

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