In this post, I will inform you about some digital banks where you do not have to keep the minimum balance. Every field is becoming digital in today’s era. Digitization makes the banking sector very convenient and flexible. Nowadays you can do most of the work related to banks online. Well, we are going to talk about some of the banks that today in addition to being digital, provide a bank account facility on zero balance.
Kotak 811
digibank by DBS
Paytm Payment Bank
Axis ASAP
Fino Payments Bank
Airtel Payments Bank
Airtel Payments Bank gives you a zero balance account opening facility. You will need an airtel app to operate your bank account. However, you can also operate your account from the Airtel Bank’s website. You can also use your nearest Airtel banking points to deposit and withdraw your money. With the opening of an Airtel bank account, you also get life insurance. You can withdraw your deposit money from the ATM machine without using the card.
Kotak 811
Kotak 811 facility is provided by Kotak Mahindra Bank. Kotak 811 account opening fees and monthly average balance is zero. In Kotak 811 you can also avail the benefit of fixed deposit. You can open Kotak 811 account by using Kotak 811 app. However, you’ll need to do KYC to enjoy full features of Kotak 811.
digibank by DBS
Digibank by DBS is a fully digital bank. Digibank can be opened with zero balance. Digibank bank accounts are opened using Digibank app which is available for both IOS and Android. Digibank provides free physical debit card for 1 year, which you can also use internationally. Digibank offers many other types of facilities such as Fixed Deposit, Mutual Fund and Health Insurance.
Paytm Payment Bank
If you’ve Paytm Wallet , you can open a Paytm payment Bank Account. But for this, you will need to get your account fully KYC completed. In this bank account, you are given a virtual card. You can also avail fixed deposit account. You also does not need to have minimum monthly average balance.
India Post Payments Bank
India Post Payments bank allows you to open free bank account with no minimum monthly average balance. You have to visit your nearest IPPB branch to open saving account. This bank also provides the facility to open bank account at your doorstep. You’ll get 4% of interest on your savings.
Federal Bank Selfie Account
A free bank account can be opened in Federal Bank Selfie Account. You need to download Fedbook Selfie app for account opening. Debit card issued on the annual charges. However, you don’t need to maintain monthly average balance.
Axis ASAP
You can open Axis ASAP bank account for free using the bank account website or app. You only need 3 things Aadhaar, PAN and mobile number. You are given a virtual card in this bank account. According to the bank , you’ll get interest up to 7.30% on your savings.
Fino Payments Bank
Fino Payments Bank is also a better option for payment related tasks. Fino bank also offers you most banking related facilities. In this bank, you get a debit card for a few annual charges. In Fino payments bank, zero balance saving account is known as Shubh Saving account.
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