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