How to Open Zero Balance Account?

Before I started earning, I wanted to know how to open zero balance account in SBI. Thankfully, my sister is a SBI bank employee so she helped me out with the entire process. 

How to open HDFC zero balance account?

Opening a zero balance account in SBI, HDFC, ICICI or any other bank is a convenient option for those who do not want to maintain a minimum balance in their bank account. Here is how to open ICICI zero balance account or for any other bank account in India:

1. Choose a bank: Research and choose a bank that offers zero balance accounts. Many banks in India offer this facility, including State Bank of India, HDFC Bank, ICICI Bank, Axis Bank, and Kotak Mahindra Bank.

2. Gather the required documents: To open a zero balance account, you will need to provide certain documents, such as your Aadhaar card, PAN card, and address proof. Make sure to gather all the necessary documents beforehand.

3. Fill out the application form: Visit the nearest branch of the chosen bank and fill out the account opening form. You will need to provide personal details such as your name, address, and contact information.

4. Submit the documents: Submit the required documents along with the application form. The bank representative will verify the documents and complete the account opening process.

5. Activate your account: Once the account is opened, you will receive an account number and an ATM/debit card. Activate your account by visiting the nearest ATM and setting a PIN for your card.

6. Link your Aadhaar card: Under the Know Your Customer (KYC) process, you will need to link your Aadhaar card to the bank account. You can do this online through the bank's net banking portal or by visiting the nearest branch.

It is important to note that although a zero balance account does not require a minimum balance, there may be certain restrictions on transactions and services. Make sure to check with the bank on the terms and conditions of the account before opening it.

Opening a zero balance account in India is a convenient option for those who do not want to maintain a minimum balance in their bank account. I hope my answer was helpful to you in understanding how to open zero balance account.