What Is a Zero-Balance Savings Account?

Imagine a bank account that doesn't require you to keep a certain amount of money in it.

That's a zero-balance savings account!

You won't be charged any fees if the balance goes to zero.

These accounts offer the basics like free debit cards and online banking, just like regular savings accounts.

The government calls them Basic Savings Bank Deposit accounts.

Many banks in India offer them, but they might limit how often you can use them for free.

Make sure you know the rules before you sign up, as some have fees if you use them too much.