True Zero Balance Accounts

[aravb]

BoB Lite is a zero balance acc with virtual debit card, no other charges at all.

need to block physical dc in this one too?

 

[jr001]

BoB Lite is a zero balance acc with virtual debit card, no other charges at all.

But physical card is mandatory no ? To have it for free you have to mantain qab ? Or what am I missing?

 

[Raavan]

But physical card is mandatory no ? To have it for free you have to mantain qab ? Or what am I missing?

You can have physical dc with 3k mab
If you only have virtual dc you don't need to maintain anything

 

[SureShot]

need to block physical dc in this one too?

Physical dc is not mandatory, you can get virtual card and use app, netbanking and upi also. True zero balance account 👍🏼

 

[NShah]

Galgal Cosmos bank

 

[jr001]

Physical dc is not mandatory, you can get virtual card and use app, netbanking and upi also. True zero balance account 👍🏼

While opening account it's asking to choose the physical debit card and if I skip that how would I be able to register for upi or NetBanking/BobApp for the first time? And if I couldn't enter the app then there's is no option for generating the virtual app, right? If there is any other trick please guide me.

 

[SureShot]

While opening account it's asking to choose the physical debit card and if I skip that how would I be able to register for upi or NetBanking/BobApp for the first time? And if I couldn't enter the app then there's is no option for generating the virtual app, right? If there is any other trick please guide me.

you will get the activation code to your mail which you can use to register in app & netbanking. you don't need physical debit card at all.

 

[Sourabh_13]

SBI Wealth Savings Account is a true zero balance account (with Rupay Select DC) for students of mostly all IITs, IIMs, etc.

 

[jr001]

you will get the activation code to your mail which you can use to register in app & netbanking. you don't need physical debit card at all.

I didn't know that. Thanks for the information

 

[ritwik2000]

Discontinued

Fcuk 3 words

sach me ?

 

[aravb]

Jio Payments Bank account....free virtual DC...

Looking at the latest notification from the bank. Not for long ig

 

[Adityavikramsingh]

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. State Bank of India Savings Account (Block Physical Debit Card)

Great account available country wide.
-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.

Sorry for the correction but I think bob bro has a free debit card confirmed same with the branch and using it for about 1.2 year and in that time I have been not Charged issuance fees and renewal fees and same is mentioned on bob Website that it has no renewal and issuance charges please take a look for yourself https://www.bankofbaroda.in/personal-banking/accounts/saving-accounts/bob-bro-savings-account

 

[ritwik2000]

Sorry for the correction but I think bob bro has a free debit card confirmed same with the branch and using it for about 1.2 year and in that time I have been not Charged issuance fees and renewal fees and same is mentioned on bob Website that it has no renewal and issuance charges please take a look for yourself https://www.bankofbaroda.in/personal-banking/accounts/saving-accounts/bob-bro-savings-account

But bob in rti said renewal is not same as amc

 

[GizaPyramid]

What about NSDL and Fino?
Can we link Slice account i.e. NESFB to other UPI apps like GPay, Paytm etc?

 

[Adityavikramsingh]

But bob in rti said renewal is not same as amc

Telling it from my personal experience but I may be wrong

 

[ritwik2000]

Telling it from my personal experience but I may be wrong

I really wanted to keep it. But agr charge katega toh 356 ka fatka lgega

 

[Sobirvs]

I was wondering if we block physical sbi card, and tomorrow if we need to reset password etc via sbi online banking, can we do that?

 

[Adityavikramsingh]

Bro can you please share the rti

 

[aravb]

Sorry for the correction but I think bob bro has a free debit card confirmed same with the branch and using it for about 1.2 year and in that time I have been not Charged issuance fees and renewal fees and same is mentioned on bob Website that it has no renewal and issuance charges please take a look for yourself https://www.bankofbaroda.in/personal-banking/accounts/saving-accounts/bob-bro-savings-acc

AMC charged

What about NSDL and Fino?
Can we link Slice account i.e. NESFB to other UPI apps like GPay, Paytm etc

NSDL has maintainance charges.
Slice can be linked on Paytm, Phonepe and Gpay. Not on BHIM tho

 

[ritwik2000]

Bro can you please share the rti

Dekhna hoga mere pas abhi bhi wo pdf hai ki ni. Milega to will send it here