True Zero Balance Accounts

[SatyG]

Kotak811 is opening full KYC account online with 1000 deposit through UPI. You can remove 1000 after account opening. Kotak811 super is with 5000 deposit. No need to go branch.

+1, Mine is also Full KYC without any branch visit.

 

[NikhilG]

Kotak811 is opening full KYC account online with 1000 deposit through UPI. You can remove 1000 after account opening. Kotak811 super is with 5000 deposit. No need to go branch.

Which one is beneficial super or normal?

 

[Anindya98]

Which one is beneficial super or normal?

S u p e r

 

[kalyan324]

Which one is beneficial super or normal?

Super account
But annual programme charges will be 300rs
And if every month in ur account 5000 credit entry available then u will be eligible for 5% cashback on your debit card spends at verified merchants...

 

[NikhilG]

Super account
But annual programme charges will be 300rs
And if every month in ur account 5000 credit entry available then u will be eligible for 5% cashback on your debit card spends at verified merchants...

Okay 5k to be credited every month so end of year it's supposed to be 60k?

 

[kalyan324]

Okay 5k to be credited every month so end of year it's supposed to be 60k?

No just credit entry should be there
U can transfer afterwards that amount no need to maintain any balance

 

[NikhilG]

Is bob bro account only for students? Which one is better bro or lite?

 

[jr001]

Is bob bro account only for students? Which one is better bro or lite?

Bro is only for 18-24. Everything is free.

Lite is for above 24. MAB 1k, 2k, 3k for rural, semi urban, urban/metro respectively else you have to pay debit card fee

 

[Akshay Ajmera]

Bro 811 super is better. I personally use 811 debit card for offline transaction. For online I have hdfc Swiggy

 

[NikhilG]

Bro is only for 18-24. Everything is free.

Lite is for above 24. MAB 1k, 2k, 3k for rural, semi urban, urban/metro respectively else you have to pay debit card fee

Should I select sms alert and credit card, is it free

 

[jr001]

Should I select sms alert and credit card, is it free

Do it. You can turn it off later. It's not free

 

[Çàrdøhôlïç]

In this thread i will list True Zero Balance Accounts given by various banks. This list is aimed to help students and people who want a backup account without spending a penny.

True Zero Balance meaning here is:
No SMS/Debit Card/Maintenance/Subscription Charges
You'll spend Net 0 Rs. if you open them.

1. Kotak 811

Truly the best zero balance account ever

• Free Virtual Debit Card
• Pre-Approved Credit Card for everyone

2. Slice Savings Account (by North East Small Finance Bank)

A great account let's see how long can they sustain the benefits

• Free Virtual Debit Card
• RBI repo rate linked Interest Rate (currently 6.25% interest rate)
• Daily Interest Credit

3. Canara Aspire Savings Account (Age 18-28)

Excellent Benefits for Students. (Do not Avail Coursera Course to keep MAB 0)

• Free Physical Debit Card (upto Age 28)
• 0.5% Concession on Education Loan
• Many offers on Debit Card

4.Bank of Baroda LITE/ Bro Account (Avoid/Block Physical Debit Card)

Bro Account is good for students (Age 16-25)

• Concession on Education Loan
• Offers by Bank of Baroda

5. Galgal (By Cosmos Bank) (Limited Service Area)

Seems like a good backup option

• Free Virtual Debit Card
• Focus on Students and Saving

6. State Bank of India Savings Account (Block Physical Debit Card)

Decent account available country wide. Won't recommend if you rely on UPI

• UPI downtime complementary
• Can be opened via VKYC
• Physical DC is FYF (First Year Free). Block it if you don't need it.

I am marking the post as Wiki if you have other accounts to add please feel free to do so.

Please add ... Pnb Rise savings account. Not only this account but every savings account have their monthly average balance charges waived w.e.f 1st july 2025. I mentioned rise savings account since MAB is zero.

https://www.pnbindia.in/Youth.html (PNB rise savings account)

https://www.pnbindia.in/uploadfile/Saving/PDF/RISE.pdf

Post in thread 'Devaluation, Revaluation Alerts and Regular Updates – All Latest Updates in One Place' https://www.technofino.in/community...atest-updates-in-one-place.40913/post-1054304

 

[Navneetk24]

Please add ... Pnb Rise savings account. Not only this account but every savings account have their monthly average balance charges waived w.e.f 1st july 2025. I mentioned rise savings account since MAB is zero.

https://www.pnbindia.in/Youth.html (PNB rise savings account)

https://www.pnbindia.in/uploadfile/Saving/PDF/RISE.pdf

Post in thread 'Devaluation, Revaluation Alerts and Regular Updates – All Latest Updates in One Place' https://www.technofino.in/community/threads/devaluation-revaluation-alerts-and-regular-updates-–-all-latest-updates-in-one-place.40913/post-1054304

Is it possible to register in PNB app and UPI without debit card (if card is not requested or cancelled)?

 

[komal]

Please add ... Pnb Rise savings account. Not only this account but every savings account have their monthly average balance charges waived w.e.f 1st july 2025. I mentioned rise savings account since MAB is zero.

https://www.pnbindia.in/Youth.html (PNB rise savings account)

https://www.pnbindia.in/uploadfile/Saving/PDF/RISE.pdf

Post in thread 'Devaluation, Revaluation Alerts and Regular Updates – All Latest Updates in One Place' https://www.technofino.in/community/threads/devaluation-revaluation-alerts-and-regular-updates-–-all-latest-updates-in-one-place.40913/post-1054304

What will happen to this account after the age of 28

 

[Çàrdøhôlïç]

Is it possible to register in PNB app and UPI without debit card (if card is not requested or cancelled)?

Yes i personally have one account not the rise account but another. We could register in app also with only aadhar but to get transaction rights debit card is required.

For upi registration Aadhaar verification is possible

 

[Çàrdøhôlïç]

What will happen to this account after the age of 28

Maybe it would get converted to normal savings but also since normal savings accounts have no charges for average balance maintenance, pnb accounts are considerable.