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Opinion/Suggestion - Best 0 balance digital saving account for UPI

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Reaper

TF Select
After the fiasco with Paytm Payments Bank, I am looking forward to opening a 0 balance savings account majorly for UPI transactions.
I am not concerned about rewards or interest however below are my major criteria:
  • Should have a strong IT backend so it does not impact regular UPI transactions.
  • Must support UPI Lite
  • Not interested in Debit Card hence virtual debit card would be more than sufficient
  • I am open to submitting all necessary documents as part of my account opening except for AADHAR linked mobile number (instead I want my account to be linked to my alternate number)
  • Minimum branch visit as soon I will be moving abroad for 2 years
Please suggest to me the best account that fulfils my above needs.

Thought of Kotak's 811 Digital account but got afraid after listening to multiple complaints of the account getting frozen.
 
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doraemon said:
Kotak 811 is best
Regarding freezing it's not an issue
Unless you are doing some illegal stuff or crypto,etc
Truly zero balance
Click to expand...
Based on the renter's request, I might use it to collect my monthly rent amount.
What scares me is that if Kotak freeze my account (with a regular infusion of money) then I will not be able to visit their branch.
 
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Reaper said:
Based on the renter's request, I might use it to collect my monthly rent amount.
What scares me is that if Kotak freeze my account (with a regular infusion of money) then I will not be able to visit their branch.
Click to expand...
You want zero balance account but like to do transaction of current account.

Kotak 811 is best .
If u under 25 . Hdfc digi youth account 2500 mab .
If u r premium institute graduate - idfc future first.

Covid era is gone ..bank are no longer looking for zero balance account.
 
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DocFixIt said:
You want zero balance account but like to do transaction of current account.

Kotak 811 is best .
If u under 25 . Hdfc digi youth account 2500 mab .
If u r premium institute graduate - idfc future first.

Covid era is gone ..bank are no longer looking for zero balance account.
Click to expand...
Yes, Paytm used to be a 0 balance account and I could also easily perform my day-to-day transactions.

I am 29 hence HDFC Digi won't work for me.
Thought of IDFC Future First but it doesn't support UPI Lite. It has been a year since UPI Lite was launched, not sure what's stopping IDFC guys from implementing it. This reflects how strong and active their IT/digital wing is.
 
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Reaper said:
Yes, Paytm used to be a 0 balance account and I could also easily perform my day-to-day transactions.

I am 29 hence HDFC Digi won't work for me.
Thought of IDFC Future First but it doesn't support UPI Lite. It has been a year since UPI Lite was launched, not sure what's stopping IDFC guys from implementing it. This reflects how strong and active their IT/digital wing is.
Click to expand...
That being idfc is conventional bank with idfc future being equivalent to 25k account..
For upi lite there is always kotak 811 .

Since when upi lite became a Downer for other free benefits...

There doesn't exist 0 balance account with " good digital infrastructure"

Indus , au , is trash

Hdfc , icici ,sbi( might offer) , maybe bob .
 
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DocFixIt said:
That being idfc is conventional bank with idfc future being equivalent to 25k account..
For upi lite there is always kotak 811 .

Since when upi lite became a Downer for other free benefits...

There doesn't exist 0 balance account with " good digital infrastructure"

Indus , au , is trash

Hdfc , icici ,sbi( might offer) , maybe bob .
Click to expand...
Au is great in my case only dc is charged
And branch is very supportive
Rm calls me for feedbacks and most of my work is done on call itself
 
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DocFixIt said:
That being idfc is conventional bank with idfc future being equivalent to 25k account..
For upi lite there is always kotak 811 .

Since when upi lite became a Downer for other free benefits...

There doesn't exist 0 balance account with " good digital infrastructure"

Indus , au , is trash

Hdfc , icici ,sbi( might offer) , maybe bob .
Click to expand...
I agree, even I realised this combination was a little unrealistic when I started researching based on my criteria.
UPI Lite is handy when performing regular transactions as it is convenient and the failure rate is comparatively less. I got addicted to UPI Lite as in Bangalore 90% of transactions are below Rs150.
 
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doraemon said:
Au is great in my case only dc is charged
And branch is very supportive
Rm calls me for feedbacks and most of my work is done on call itself
Click to expand...
AU was on my radar but I couldn't proceed with it as someone said I should use the same number that is linked to my AADHAR.
If I visit their branch, do I still need to use that number or sharing physical copies of AADHAR would bypass this criteria?
 
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