Best zero balance account

[chandra.prakash]

Which is the best zero balance account, also provide physical debit. I want to open a account

 

[HC1337]

Have been using Kotak 811 since almost 6 months have to say it has failed on me exactly once, while others have several times. But it's debit card charges are a bit on the higher side.

 

[Ad.Astra]

Which is the best zero balance account, also provide physical debit. I want to open a account

I would suggest AU Bank Digital Savings Account, I personally have opened one recently, had good experience.

Their terms and conditions are transparent. Provided cheque book too.
They say they don't have concept of home branch, their every branch is your home branch.
Only charge is annual debit card fee (₹150 + GST) , but the debit card offered is Rupay Platinum card, which I read provides some complimentary benefits, which I think makes up for the annual fee.

 

[Chaitanya-a]

I would suggest AU Bank Digital Savings Account, I personally have opened one recently, had good experience.

Their terms and conditions are transparent. Provided cheque book too.
They say they don't have concept of home branch, their every branch is your home branch.
Only charge is annual debit card fee (₹150 + GST) , but the debit card offered is Rupay Platinum card, which I read provides some complimentary benefits, which I think makes up for the annual fee.

AU is the best. But they have very limited serviceable areas. They consider only aadhar based address and automatically decline when it doesn't match their serviceable areas list even if the current location of customer is serviceable.

My account didn't opened because of this reason.

 

[chandra.prakash]

I would suggest AU Bank Digital Savings Account, I personally have opened one recently, had good experience.

Their terms and conditions are transparent. Provided cheque book too.
They say they don't have concept of home branch, their every branch is your home branch.
Only charge is annual debit card fee (₹150 + GST) , but the debit card offered is Rupay Platinum card, which I read provides some complimentary benefits, which I think makes up for the annual fee.

So finally decided to open account in au bank

 

[blacktiger]

Try for small finance banks such as Equitas or AU. Both can be opened through VKYC
Other than that I think IndusInd Delite (you need to put 25000 first time to get physical debit card, but you can take it immediately), Federal selfie (can be opened only though app, no vkyc),

 

[chandra.prakash]

Try for small finance banks such as Equitas or AU. Both can be opened through VKYC
Other than that I think IndusInd Delite (you need to put 25000 first time to get physical debit card, but you can take it immediately), Federal selfie (can be opened only though app, no vkyc),

I think AU bank is good, it also provides Debit card without any initial funding

 

[Ad.Astra]

I think AU bank is good, it also provides Debit card without any initial funding

It's zero balance account but initial funding is required, only just to cover the debit card issuance/annual fee of ₹179, it will be deducted from the balance.

 

[chandra.prakash]

It's zero balance account but initial funding is required, only just to cover the debit card issuance/annual fee of ₹179, it will be deducted from the balance.

How much initial funding amount.

 

[Ad.Astra]

Any amount above ₹177 (debit card fee ₹150+ GST) will do. If you would like to, deposit ₹500.

 

[chandra.prakash]

Any amount above ₹177 (debit card fee ₹150+ GST) will do. If you would like to, deposit ₹500.

Finally decided to open in AU bank, it's only use for secondary use in other UPI app. So i need zero balance account

 

[HC1337]

Have you initiated the process yet? I mean have you already opened it?

 

[chandra.prakash]

Have you initiated the process yet? I mean have you already opened it?

Can I open this with AU mobile app. Please guide.

 

[HC1337]

I did the process today using my mobile phone's browser (chrome), they told me it would take 2 hours but I called their CC and they said the same could take 2 days. As for the Mobile app i have still not installed it, will do once I have the account details with me.

 

[HC1337]

yep, I even have a branch near me.

 

[Venky]

Does anyone have an idea if any banks provide a zero balance current account?

 

[Chaitanya-a]

yep, I even have a branch near me.

My current address is serviceable but aadhar one is not sadly!

 

[HC1337]

Might have to get that updated then, if you really want this account. Others might be able to give more info on this.

 

[redmanc]

Kotak 811 is one of the good ones too. I have been using it for quite a while now. The agents try to get you converted to a 10k min balance account citing offers and this and at. But you stay firm at just 0 balance 811 account.

 

[anirbanm]

Try for small finance banks such as Equitas or AU. Both can be opened through VKYC
Other than that I think IndusInd Delite (you need to put 25000 first time to get physical debit card, but you can take it immediately), Federal selfie (can be opened only though app, no vkyc),

I am unable to open Federal selfie since few weeks.