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Can We Open Zero Balance Account in ICICI Bank?

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0 2024-07-30T16:31:00+00:00

Wondering can we open zero balance account in ICICI Bank? Yes, you can open a zero balance account in ICICI Bank in India. Scroll down to know more.

Can We Open ICICI Bank Account With Zero Balance?

ICICI Bank offers the "ICICI Bank Basic Savings Bank Deposit Account (BSBDA)." It is designed to cater to individuals who wish to maintain a bank account without the obligation of maintaining a minimum balance.

This account is particularly beneficial for those who have irregular incomes or those who do not want to worry about minimum balance requirements.

The ICICI BSBDA comes with several features and benefits:

  1. Zero Balance Requirement: There is no need to maintain a minimum balance, making it accessible for a wide range of customers.

  2. Free Debit Card: Account holders receive a complimentary debit card which can be used for withdrawals and transactions at ATMs and point-of-sale terminals.

  3. Free Passbook: Customers are provided with a passbook to keep track of their transactions and balance.

  4. Cheque Book Facility: A limited number of cheque leaves are provided free of cost.

  5. Internet Banking and Mobile Banking: Account holders have access to ICICI Bank's robust digital banking services, including internet banking and mobile banking.

  6. Unlimited Deposits: There is no limit on the number of deposits that can be made in a month.

  7. Limited Withdrawals: As per RBI guidelines, there may be a limit on the number of withdrawals, both cash and non-cash, in a month.

To open an ICICI BSBDA, you need to submit basic identification documents such as Aadhaar card, PAN card, or other valid identity and address proofs. The process is straightforward and can be initiated online through the ICICI Bank website or by visiting a branch.

This is all about can we open zero balance account in ICICI.

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