Need suggestion for Zero Balance Account in SFBs

[tuhin]

Hi all,

I need one zero balance account hence I was searching in the net & found that few SFBs are providing zero balance SFB with free debit card:

1. Utkarsh - UInstant (though you can't deposit more than 1L in your account anytime)
2. Fincare - 101First - no catch

All are mentioned as zero balance & free debit card with free sms service. Now, I am little bit confused over their hidden terms. If anyone is using the same kindly confirm here. My purpose of these accounts are for UPI only.

Thanks

 

[Wealth is my birth right!]

Hi all,

I need one zero balance account hence I was searching in the net & found that few SFBs are providing zero balance SFB with free debit card:

1. Utkarsh - UInstant (though you can't deposit more than 1L in your account anytime)
2. Fincare - 101First - no catch

All are mentioned as zero balance & free debit card with free sms service. Now, I am little bit confused over their hidden terms. If anyone is using the same kindly confirm here. My purpose of these accounts are for UPI only.

Thanks

I am using AU it’s fine tech wise and they give Pre approved cc also

 

[jack333]

Can we open au digital zero balance account if we already have their credit card?

 

[Wealth is my birth right!]

Can we open au digital zero balance account if we already have their credit card?

No I think
Since ur mob no already there it show as existing customer
Just try

 

[Strange]

Can we open au digital zero balance account if we already have their credit card?

It's for new to bank customers and you already have their CC, so you can't open it online.

 

[jack333]

Can i open zero mab account from branch bro?

 

[Avangerritesh]

Hi all,

I need one zero balance account hence I was searching in the net & found that few SFBs are providing zero balance SFB with free debit card:

1. Utkarsh - UInstant (though you can't deposit more than 1L in your account anytime)
2. Fincare - 101First - no catch

All are mentioned as zero balance & free debit card with free sms service. Now, I am little bit confused over their hidden terms. If anyone is using the same kindly confirm here. My purpose of these accounts are for UPI only.

Thanks

Try kotak 811

 

[Strange]

Can i open zero mab account from branch bro?

Nope, Only student account has Zero MAB which can be opened from branch.

 

[ramirami]

Just fyi:

AU Digital Savings account RuPay Platinum card is chargeable at Rs. 150 + 18% GST = Rs.177 per year, but AU Bank has many discount offers and it's possible to recover this cost easily, even while only buying essentials like grocery.

 

[kjs]

Hi all,

I need one zero balance account hence I was searching in the net & found that few SFBs are providing zero balance SFB with free debit card:

1. Utkarsh - UInstant (though you can't deposit more than 1L in your account anytime)
2. Fincare - 101First - no catch

All are mentioned as zero balance & free debit card with free sms service. Now, I am little bit confused over their hidden terms. If anyone is using the same kindly confirm here. My purpose of these accounts are for UPI only.

Thanks

Kotak 811 can be considered. Only issue when depositing more than 10k cash per month. but since u want to use for UPI. can try for Union bank also. as it has no restrictions. just 1k min bal.. debit card fee can be recovered by doing 40 ecomm / poc transactions in year. Reward rate also good

 

[tuhin]

Fyi,

I am looking for an account except Kotak 811 & preferrebly zero debit card/sms charge.

Pls confirm if anyone has any experience with above mentioned SFBs.

Thanks

 

[pprakash11]

Fyi,

I am looking for an account except Kotak 811 & preferrebly zero debit card/sms charge.

Pls confirm if anyone has any experience with above mentioned SFBs.

Thanks

SFBs aren't much trustworthy/well established, rather giving some money to trusted well established banks and then sleeping peacefully is much better than running away for zero DC / zero SMS banks.

It's completely my opinion.

Decision will be yours at the end.

 

[tuhin]

SFBs aren't much trustworthy/well established, rather giving some money to trusted well established banks and then sleeping peacefully is much better than running away for zero DC / zero SMS banks.

It's completely my opinion.

Decision will be yours at the end.

I shall keep maxm 5000 in that account, it will not hamper my sleep. Thank you for your suggestion

 

[pprakash11]

I shall keep maxm 5000 in that account, it will not hamper my sleep. Thank you for your suggestion

Keep 0 then , whenever reqd add it and spend.
Just like I do with AU.

 

[krishc]

Hi all,

I need one zero balance account hence I was searching in the net & found that few SFBs are providing zero balance SFB with free debit card:

1. Utkarsh - UInstant (though you can't deposit more than 1L in your account anytime)
2. Fincare - 101First - no catch

All are mentioned as zero balance & free debit card with free sms service. Now, I am little bit confused over their hidden terms. If anyone is using the same kindly confirm here. My purpose of these accounts are for UPI only.

Thanks

Rates and Charges - Fincare Small Finance Bank

Home Rates and Charges Rates and Charges W.e.f 1 July 2024, Service fees on your Savings and Current Account will be revised, click here to know more. Schedule of Charges Forex Rates Choose Your Relevant ProductSmart Saver Savings AccountPriority Savings AccountPrime Savings AccountPriority Plus...

www.fincarebank.com

Fincare 101first has charges for the physical debit card, only the virtual one is free.

 

[snike1792]

You can look into opening an account in Equitas bank.

 

[kkk]

You can look into opening an account in Equitas bank.

Was about to suggest that(through Niyox). but problem is physical card is chargeable and virtual card(free) only last for a year.

 

[kjs]

SFBs aren't much trustworthy/well established, rather giving some money to trusted well established banks and then sleeping peacefully is much better than running away for zero DC / zero SMS banks.

It's completely my opinion.

Decision will be yours at the end.

after disabling sms service charges. kotak 811 will be eventually 0 balance. plus not more than 5k in account means not looking for more interest rate also. then why sfb ? when traditional banks are available

 

[tuhin]

Rates and Charges - Fincare Small Finance Bank

Home Rates and Charges Rates and Charges W.e.f 1 July 2024, Service fees on your Savings and Current Account will be revised, click here to know more. Schedule of Charges Forex Rates Choose Your Relevant ProductSmart Saver Savings AccountPriority Savings AccountPrime Savings AccountPriority Plus...

www.fincarebank.com

Fincare 101first has charges for the physical debit card, only the virtual one is free.

What I understood from their website, virtual dc is always free but don't know it is available all time or not like other bank is disabling after one year

 

[rohitpgarg]

Fyi,

I am looking for an account except Kotak 811 & preferrebly zero debit card/sms charge.

Pls confirm if anyone has any experience with above mentioned SFBs.

Thanks

+1