Best Zero AMB account for IPO purpose

[kumars_001]

Hi

I would like to open a zero balance digital account for my in-laws just for linking to a Demat and applying IPOs. They stay in a village in Andhra Pradesh. I saw some threads that AU small finance doesn't support some areas. So could anyone help me with the best digital savings account with Low AMB

 

[TheGuy]

SBI

As of now (since March 2020) it has Zero MAB.
Its Internet Banking is very robust once you've set everything up.

 

[AritraSaha]

SBI

As of now (since March 2020) it has Zero MAB.
Its Internet Banking is very robust once you've set everything up.

And now they also have aadhar based upi..

 

[SSV]

Hi

I would like to open a zero balance digital account for my in-laws just for linking to a Demat and applying IPOs. They stay in a village in Andhra Pradesh. I saw some threads that AU small finance doesn't support some areas. So could anyone help me with the best digital savings account with Low AMB

SBI

As of now (since March 2020) it has Zero MAB.
Its Internet Banking is very robust once you've set everything up.

I think your suggestion of SBI suits well considering the rural background of the applicant

 

[AritraSaha]

Hi

I would like to open a zero balance digital account for my in-laws just for linking to a Demat and applying IPOs. They stay in a village in Andhra Pradesh. I saw some threads that AU small finance doesn't support some areas. So could anyone help me with the best digital savings account with Low AMB

Though a warning, if you opening account offline, sbi branch mis-sell insurance

 

[kumars_001]

I don't think we can open online for SBI right, just like kotak 811

 

[D₹V]

I don't think we can open online for SBI right, just like kotak 811

We can .

 

[WinSuperb7251]

I don't think we can open online for SBI right, just like kotak 811

You can if you sre lucky because vkyc waiting is so long.

 

[Ecoli8]

Best is sbi yono vkyc chq account if you are not an existing sbi customer. Other options are bob bro (if you are <25 years), bob lite(for others), ippb digital savings, kotak 811.
Based on the location, the sbi yono and/or ippb digital seems best suitable, considering the vast network of both the PSUs

Edit: no need to go anywhere for any accounts I mentioned. All can be processed digitally from home.

 

[varun__goel_]

I don't think we can open online for SBI right, just like kotak 811

Download yono app to open acc via vkyc.