Which type of HDFC account is zero balance? [Solved] (2022)

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Which type of HDFC account is zero balance?

A savings account is a zero balance account opened as an operative account for fixed deposits/investments, for day to day personal transactions, remittances to India, or for salary and payments, standing orders and direct debits/savings.... read more ›

(Video) HDFC Bank Zero Balance BSBD Account Hidden Chagres |BSBDA Account Features
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Which is zero balance account in HDFC?

HDFC Bank zero balance savings bank account holder is entitled to receive a free passbook, free cash and cheque deposits at all branches and ATMs. HDFC Bank provides a Rupay ATM-cum-debit card to all the account holders of zero balance savings bank account.... continue reading ›

(Video) HDFC Zero Balance Account Opening Online 2022 ? - Full Review
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What type of account is zero balance account?

A zero-balance account refers to a savings bank account, which has a zero balance in it and yet not charged. It is legally known as Basic Savings Bank Deposit (BSBD) account as per the Reserve Bank of India (RBI) guideline. The facility is provided by banks to encourage more savings among people.... see details ›

(Video) Hdfc bank saving account type || Hdfc zero balance account opening online
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Does HDFC have zero balance savings account?

By opening an HDFC Bank minimum balance Savings Account, you can enjoy lucrative offers and deals, become eligible for easy loan access and instant fund transfer*. You can even get access to Sweep facility*, locker facility, international Debit Cards, automated bill payments, discount benefits, and more.... see more ›

(Video) Axis Bank Zero Balance Account vs HDFC Zero Balance || Best Bank to Open an Account?
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Which account is best for zero balance account?

Best Zero Balance Savings Account Of August 2022
  • Axis Bank PRIME Savings Account.
  • Indus Delite Savings Account (IndusInd Bank)
  • Kotak 811 Full KYC Account (Kotak Mahindra Bank)
  • Jupiter Savings Bank Account (Jupiter)
  • Basic Savings Bank Deposit Account (State Bank of India)
  • Methodology.
  • Frequently Asked Questions (FAQs)
Jul 20, 2022

(Video) hdfc bank account information - hdfc zero balance account full details - hdfc insta account
(Perday Guide)

Which HDFC account is best?

Benefits / ProductSavingsMax Account (Our Premium Product)Regular Savings Account
Payable-at-par ChequebookYesYes
Average Monthly Balance (AMB)Rs 25,000Rs 10,000 (Metro/ Urban branches)/ Rs 5,000 ( Semi-Urban branches) Rs 2,500 AQB (Rural Branches)
Non-maintenance chargesClick here to know moreClick here to know more
24 more rows

(Video) HDFC Zero Balance Account Opening Online | How to Open Zero Balance Account in Hdfc Bank
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What is minimum balance in HDFC Bank?

Minimum Balance Requirements
AQB Slabs (in Rupees)Balance Non-Maintenance Charges* (per quarter) - Rural Branches
>= 1000 < 2,500Rs. 270/-
0 - <1000Rs. 450/-
... view details ›

(Video) HDFC Zero Balance Account BSBDA Features, Charges, Eligibility - Who Can Open? Details in Tamil
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How is a zero-balance account used?

A zero balance account (ZBA) is a type of business checking account in which the goal is to always keep the balance at $0. It's usually tied to a main account that sweeps funds into and out of the ZBA as transactions are made.... continue reading ›

(Video) Hdfc Zero balance Account Basic Saving Deposit A/c (BSDA )
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How can I convert my HDFC account to zero balance?

Yes you can change your SB account to zero balance account by submitting a request for the same at the branch.
...
  1. Visit the website of HDFC Bank.
  2. From 'Products' choose 'Savings Account'
  3. Choose the BSBDA account and click on the 'Apply Online' button.
  4. Choose a preferred city when a pop-up opens up.
  5. Choose if you are a new c.
... see more ›

(Video) HDFC Bank Saving Account New Process 2022 | How To Open Zero Balance Account in HDFC bank
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What if minimum balance is not maintained in HDFC Bank?

For savings account in metro cities, HDFC Bank may charge you as much as 600 rupees for not maintaining the minimum balance. With service Tax and other cess, the amount is more than Rs 600. The minimum balance limit in case of HDFC Bank is Rs 10,000 for urban branches and Rs 5,000 for semi-urban branches.... continue reading ›

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Which bank provides zero balance current?

However, ICICI and Axis Bank are the best banks as they offer an option of Zero Balance Current Account.
...
Best Bank for Current Account.
BankZero Balance Current Accounts
ICICI BankNew Start Up Current AccountExplore
ICICI BankShubhAarambh Current AccountExplore
Axis BankLocal Current AccountExplore
... continue reading ›

(Video) Hdfc Zero Balance Account Opening Online | How to Open Online Zero Balance Account in HDFC Bank| New
(Technical Preet)

Which is the best savings account?

Top Savings Bank Accounts of 2022
  • State Bank of India (SBI) Savings Account. 2.70% p.a.
  • HDFC Bank Savings Account. 3.50% p.a.
  • Kotak Mahindra Bank Savings Account. 3.50% p.a.
  • DCB Bank Savings Account. 6.50% p.a.
  • RBL Bank Savings Account. 6.00% p.a.
  • IndusInd Bank Savings Account. 5.00% p.a.
  • ICICI Savings Bank Account. 3.50% p.a.
Aug 10, 2022
... read more ›

Which type of HDFC account is zero balance? [Solved] (2022)

Can I open two zero-balance account?

As a zero-balance account holder, one is not eligible for opening any other savings bank deposit account in that bank. It means one can have either a savings account or BSBD account but not both of them.... see more ›

What are the 3 types of savings?

The 3 common savings account types are regular deposit, money market, and CDs. Each one works a little different regarding accessibility and amount of interest. Besides these accounts, there are other savings options too.... view details ›

What are the 3 types of bank accounts?

Checking accounts. Savings accounts. Money market accounts (MMAs) Certificate of deposit accounts (CDs)... view details ›

What are 4 types of bank accounts?

Different Types of Bank Accounts
  • Current account. A current account is a deposit account for traders, business owners, and entrepreneurs, who need to make and receive payments more often than others. ...
  • Savings account. ...
  • Salary account. ...
  • Fixed deposit account. ...
  • Recurring deposit account. ...
  • NRI accounts.
... see details ›

How many types of accounts are there in HDFC Bank?

With HDFC Bank, you have several different types of Savings Accounts to choose from such as - Savings MAX Account, DigiSave Youth Account, Women's Savings Account, Senior Citizens Savings Account and Regular Savings Account.... continue reading ›

What is regular saving account in HDFC?

HDFC Regular Savings Account
CategoryHDFC Regular Savings Account
Minimum Balance RequirementRs. 10,000 (metro/urban branches) Rs. 5000 (semi-urban branches) Rs.2,500 (Rural Branches)
Interest Rate4% per annum
Debit Card TypeInternational Debit Card
1 more row
... continue reading ›

What is the difference between zero balance account and savings account?

While the regular savings bank account requires the customers to maintain a certain monthly average balance (MAB), there is no need to do so with a zero balance account. People who forget or just do not maintain monthly average balance in their bank accounts, should opt for a zero balance account.... see more ›

What is the limit of zero balance account?

Online zero balance accounts have an initial balance limit of Rs. 1 lakh. These restrictions can be removed after the KYC process. Foreign contributions cannot be made to zero balance accounts.... see details ›

What is minimum balance account?

What Is a Minimum Balance? For bank accounts, the minimum balance is the minimum dollar amount that a customer must have in an account to receive some service benefit, such as keeping the account open or receiving interest.... read more ›

Is salary account a zero balance account?

Yes, salary accounts are zero balance accounts. This means that any salaried individual can open an account with zero balance.... continue reading ›

What is the minimum balance to be maintained in HDFC salary account?

As already mentioned, the HDFC Bank Regular Salary Account is a zero balance account. In other words, there is no requirement for a minimum balance. Customers holding this salary account are eligible for the free Personal Accident Cover of Rs. 1 lakh.... view details ›

Which bank has minimum balance?

List of All Banks Savings Account Interest Rates and Minimum Balance 2022
List of BanksMinimum Balance Required(INR)
HDFC Bank Saving Accounts2500/5000/10000/25000
ICICI Bank Saving Accounts0/1000/2000/2500/5000/10000
IDBI Bank Saving Accounts500/2500/5000
IDFC Bank Saving Accounts25000
33 more rows

Which bank has lowest minimum balance in India?

8 Best Zero Balance Savings Account In India
  1. IDFC First Bank Pratham Savings Account. ...
  2. YES Bank Smart Salary Advantage. ...
  3. IndusInd Bank-Indus Online Savings Account. ...
  4. DBS-DigiSavings. ...
  5. Kotak Mahindra Bank-811 Digital Bank Account. ...
  6. HDFC Bank - Basic Savings Bank Deposit Account. ...
  7. SBI - Basic Savings Bank Deposit Account.
Sep 9, 2020

Which bank is best in India for students?

Best Banks for Students in India
  • ICIC Bank Campus Account.
  • PNB Student Savings Account.
  • Steps to Open Punjab National Bank Savings Account.
  • HDFC Zero Balance Account.
  • HDFC DigiSave Youth Account.
  • SBI Zero Balance Savings Accounts.
Dec 17, 2021
... continue reading ›

Which bank is best for opening account?

Best Bank to Open Account in India
  • Union Bank of India.
  • HDFC Bank.
  • ICICI Bank.
  • Kotak Bank.
  • Bank of Baroda.
  • Bank of India.
  • Axis Bank.
  • Canara Bank.
Dec 15, 2021

Which account is best for students?

5 Best Student Savings Accounts
  • ICICI Students Savings Account.
  • Kotak Mahindra Bank's Junior Savings Account.
  • PNB Vidyarthi Savings Account.
  • Karur Vysya Bank.
  • SBI's Pehli Udaan and Pehla Kadam.
... read more ›

Can I open two account in same bank?

Banks allow you to have more than one checking account at the same time. There aren't any restrictions in place for how many accounts you can open at a financial institution.... read more ›

Which bank gives more benefits?

RBL Bank offers savings account interest up to 6.75% which is one of the highest among all the banks. Even the FD interest rate of SBI, HDFC and ICICI ranges between 5 to 6%. You can earn the same fixed deposit interest rate on your savings account without locking your money.... read more ›

Is zero account a savings account?

A zero-balance account is a savings account where the account holder is free to operate the account without strings of maintaining a minimum balance.... see details ›

What is the difference between zero-balance account and savings account?

While the regular savings bank account requires the customers to maintain a certain monthly average balance (MAB), there is no need to do so with a zero balance account. People who forget or just do not maintain monthly average balance in their bank accounts, should opt for a zero balance account.... see more ›

What is a free zero-balance account?

For customers in India that wish to open a savings account and do not want to go through the hassle of maintaining a minimum balance, they can opt for a zero balance savings account. As the name suggests, those opening or holding a zero-balance savings account do not have to maintain a minimum balance.... continue reading ›

Who bank open zero-balance account?

Top Zero Balance Savings Account
Account NameInterest Rate (up to Rs. 1 lakh)
Kotak Mahindra Bank 811 Digital Bank Account3.50%
HDFC Bank BSBDA3.00%
Standard Chartered Bank Aasaan2.75%
State Bank of India BSBDA2.70%
6 more rows
Jun 6, 2022

What is the limit of zero-balance account?

Online zero balance accounts have an initial balance limit of Rs. 1 lakh. These restrictions can be removed after the KYC process. Foreign contributions cannot be made to zero balance accounts.... view details ›

Can I open two zero balance account?

As a zero-balance account holder, one is not eligible for opening any other savings bank deposit account in that bank. It means one can have either a savings account or BSBD account but not both of them.... continue reading ›

Can we transfer money from zero balance account?

If you opt for a zero balance account through PM Jan Dhan Yojana, you will be able to deposit, withdraw, or transfer money to/from the account without paying any additional charges. You can also avail the mobile banking facility at no extra costs.... read more ›

Which bank provides zero balance current?

However, ICICI and Axis Bank are the best banks as they offer an option of Zero Balance Current Account.
...
Best Bank for Current Account.
BankZero Balance Current Accounts
ICICI BankNew Start Up Current AccountExplore
ICICI BankShubhAarambh Current AccountExplore
Axis BankLocal Current AccountExplore
... see details ›

Which bank is best for students?

Compare the Best Banks for Students
CompanyAge RequirementMinimum Deposit
Chase Best Overall13 to 24$0
CapitalOne Best for High School Students8 to 18$0
U.S. Bank Best for College Students18+ for solo account, 14-17 jointly with parent$25
Ally Best Online Bank18+$0
3 more rows

Which bank is best for minimum balance?

8 Best Zero Balance Savings Account In India
  1. IDFC First Bank Pratham Savings Account. ...
  2. YES Bank Smart Salary Advantage. ...
  3. IndusInd Bank-Indus Online Savings Account. ...
  4. DBS-DigiSavings. ...
  5. Kotak Mahindra Bank-811 Digital Bank Account. ...
  6. HDFC Bank - Basic Savings Bank Deposit Account. ...
  7. SBI - Basic Savings Bank Deposit Account.
Sep 9, 2020

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