By Cilar 
Looking for a zero balance savings account in India? You’re not alone. In 2025, millions of Indians are turning to digital banks and financial apps that make banking more flexible, convenient, and affordable. A zero balance savings account allows you to maintain no minimum balance, while still enjoying features like debit cards, UPI, net banking, and mobile banking.
In this article, we’ll cover the top zero balance savings accounts in India, their features, pros and cons, and how you can open them online. We’ll also compare banks like SBI, Kotak 811, Paytm Payments Bank, Airtel Payments Bank, and others so you can choose the right account for your needs.
What is a Zero Balance Savings Account?
A zero balance savings account is a type of savings account where banks do not require you to maintain a minimum monthly average balance. Traditionally, banks in India used to penalize customers if their balance dropped below a certain amount. But with the rise of digital banking, competition, and RBI regulations, several banks now offer zero balance accounts that are ideal for students, salaried professionals, freelancers, and rural customers.
Benefits of Zero Balance Savings Accounts
- No penalty for low balance
- Free digital transactions (UPI, NEFT, IMPS)
- ATM withdrawal and free debit card (in most cases)
- Online account opening with e-KYC
- Interest on savings (varies from bank to bank)
- Access to mobile apps and internet banking
Top Zero Balance Savings Accounts in India (2025)
1. SBI Basic Savings Bank Account
The State Bank of India (SBI) is India’s largest public sector bank, and it offers a Basic Savings Bank Deposit Account (BSBDA) that requires no minimum balance.
Features:
- No minimum balance required
- Free ATM-cum-debit card
- Maximum 4 ATM withdrawals per month free
- Interest rate: 2.70% p.a.
2. Kotak 811 Digital Savings Account
Kotak Mahindra Bank’s 811 account is a full digital zero balance savings account that you can open instantly with your Aadhaar and PAN.
Features:
- Zero balance required
- Virtual debit card (physical card available on request)
- Higher interest rate (3.5%–4% p.a.)
- Instant account opening through app
3. Paytm Payments Bank
Paytm Payments Bank is one of the most popular options in India, especially for digital-savvy users.
Features:
- No minimum balance
- Free RuPay debit card (virtual + physical)
- UPI, mobile recharges, bill payments integrated
- Interest rate: 2.75% p.a.
Open Paytm Payments Bank Account
4. Airtel Payments Bank
Airtel Payments Bank is another zero balance account provider with quick setup via the Airtel Thanks app.
Features:
- No minimum balance
- Virtual debit card (Mastercard)
- Cashback and discounts on Airtel services
- Interest rate: 2.5% p.a.
Open Airtel Payments Bank Account
5. HDFC BSBDA Account
HDFC Bank offers a Basic Savings Bank Deposit Account with simple banking needs covered.
Features:
- No minimum balance
- Free ATM card
- Access to HDFC mobile banking app
- Interest rate: 3%–3.5% p.a.
Comparison Table: Best Zero Balance Savings Accounts in India (2025)
| Bank | Minimum Balance | Interest Rate | Debit Card | Online Opening |
|---|---|---|---|---|
| SBI | Zero | 2.7% | Yes | Yes |
| Kotak 811 | Zero | 3.5%–4% | Virtual + Physical | Instant via App |
| Paytm Payments Bank | Zero | 2.75% | Virtual + Physical | Yes |
| Airtel Payments Bank | Zero | 2.5% | Virtual Mastercard | Yes |
| HDFC BSBDA | Zero | 3%–3.5% | Yes | Yes |
Pros and Cons of Zero Balance Accounts
Pros
- No charges for low balance
- Great for students, freelancers, and rural customers
- Easy account opening online
- Access to modern apps, UPI, and mobile banking
Cons
- Lower interest rates compared to premium savings accounts
- Some accounts have withdrawal limits
- Few banks charge for physical debit cards
How to Choose the Right Zero Balance Account?
Choosing the best account depends on your needs. Here’s a quick guide:
- Students: Kotak 811 or Paytm Bank (easy online setup).
- Salaried professionals: SBI or HDFC for reliability and wide ATM network.
- Freelancers: Airtel or Paytm for instant payments and UPI.
- Rural users: SBI Basic Account (largest network in India).
Step-by-Step Guide: How to Open a Zero Balance Account Online
- Visit the bank’s official website or download their mobile app.
- Click on “Open Savings Account” or “Zero Balance Account”.
- Enter Aadhaar, PAN, and mobile number for verification.
- Complete video KYC process (some banks require in-person verification).
- Get account details instantly and start using net banking or UPI.
Future of Zero Balance Accounts in India
With the rise of digital banking and RBI financial inclusion policies, zero balance accounts will only grow in popularity. By 2025, more banks are expected to offer higher interest rates, advanced mobile apps, and better rewards to attract customers. The government’s push for a cashless economy will further encourage the adoption of zero balance accounts in rural and semi-urban areas.
FAQs
Q1: Can I open multiple zero balance accounts?
Yes, but banks may require you to declare one as your primary account.
Q2: Do zero balance accounts have hidden fees?
Most accounts don’t, but some may charge for additional ATM withdrawals or physical debit cards.
Q3: Which zero balance account is best for students?
Kotak 811 and Paytm Payments Bank are great options due to instant setup and digital features.
Q4: Can I convert my regular account into a zero balance account?
Yes, many banks allow conversion to Basic Savings Bank Deposit Accounts.
Q5: Are zero balance accounts safe?
Yes, accounts with RBI-licensed banks are safe and insured under deposit insurance (up to ₹5 lakh).
Conclusion
If you’re looking to save money without worrying about minimum balance charges, a zero balance savings account in India is the best choice. Whether you prefer SBI’s trusted network, Kotak’s digital-first approach, or Paytm and Airtel’s seamless app integration, there’s an option for everyone in 2025.