What is a zero balance savings account?
A zero balance savings account is a unique savings account wherein you don’t need to maintain a minimum balance to operate the account. You can easily open a zero balance savings account online and manage your savings at attractive interest rates. Only initial funding of Rs 10000 is required for this special zero balance savings account.
What is an Instant Savings Account?
This type of account offers you the convenience of opening an account without ever visiting the branch. With 100% paperless and digital savings account opening process, the account can be used immediately
All you need to do is provide your PAN and Aadhaar card to begin your online bank account opening with zero balance.How to open a zero balance saving account?
Our zero balance account opening online process is easy and hassle-free. For online bank account opening with zero balance, you need to follow these easy steps:
- Begin your zero balance account opening online with verification of your PAN and Aadhaar Card
- Fill in the application form with the necessary details
- Fund your zero balance bank account!
- Complete your video-KYC with our representative
How Can I Convert My Indus Delite Zero Balance Account Into My Salary Account?
Simply share your Indus Delite Savings Account details with your company HR to start getting your salary in your Indus Delite Savings Account. (Please ensure you have completed your Video KYC).
Additional benefits of making Indus Delite your Salary Account?
Get your Delights Debit Card Issuance Fee of Rs 499 waived off on your first salary credit (customers with minimum salary credit of INR 10,000 will be eligible).Debit card issuance fees will be reversed post the first salary credit of INR 10,000 or more. The offer is applicable only for customers who request their debit card on or after 22ndDecember 2023.
Are there any minimum balance requirements?
Indus Delite Saving Account is Zero Balance Saving Account. A zero balance savings account is a unique savings account wherein you don’t need to maintain a minimum balance to operate the account.
Can I open a zero balance savings account online?
Yes, you can easily initiate your zero balance account opening online using a few simple steps. Our Indus Delite Savings Account is a Zero balance savings account offering you attractive interest rates and world-class banking facilities with minimum requirements. To open this online zero balance account, all you need is your PAN and Aadhaar card to verify your details.
Who can open a zero balance account?
For zero balance account opening online, the applicant must be at least 18 years of age with a valid Aadhaar card number linked to their mobile and a physical copy of the PAN card available. Further, to complete the video KYC of a zero balance bank account instantly, the applicant must have a camera facility on their desktop/laptop for the video-KYC.
How to open a zero balance account without a PAN card?
To open a zero balance savings account online, you need to have a valid physical copy of your PAN and have a valid Aadhaar number linked with your mobile. You cannot begin your zero balance account opening online without a PAN card.
Can I open a zero balance account in IndusInd Bank?
Yes, you can begin your banking journey at IndusInd Bank with Indus Delite, our unique zero balance savings account which lets you enjoy the best banking services with zero balance requirements and attractive interest rates.
Best of all, you may carry out your zero balance account opening online from anywhere. All you need is your PAN and Aadhaar to verify your details and open a savings account instantly. Complete the application process online and open a zero balance savings account without any restrictions.How to open online zero balance account in IndusInd Bank?
When it comes to your zero balance account opening online, IndusInd Bank promises a quick and hassle-free experience. With our four-step simple process, you can use your zero balance bank account without any limitations. All you need to do is:
- Verify your PAN and Aadhaar Card
- Fill in the application form with the necessary details
- Fund your Account
- Complete your video-KYC
Can I open an Instant Savings Account online?
Yes. You can easily open such an account online. The process is hassle-free and 100% paperless.
How can I track my Instant Savings Account?
When you get an instant zero balance savings account opened online, you can easily track and manage your account by downloading the IndusMobile app. The account can also be managed through whatsapp banking and video branch facility
How to use a Zero Balance Savings Account?
With Indus Delite instant savings account, you can deposit and manage your funds seamlessly at attractive interest rates. Additionally, this zero balance savings account comes with a complimentary virtual debit card, which is easily accessible on the Indus mobile app to make safe and secure digital transactions seamlessly. The app can be used to pay bills, order online, book cabs and more. The Indus Delite account can thus become your gateway to a world of financial convenience!
What are the interest rates offered on opening a Zero Balance Account?
Your Indus Delite account comes with the promise of earning attractive interest rates on your savings. Get started with your zero balance account opening online and watch your hard-earned savings grow!
How can I open a bank account online instantly?
Your zero balance savings account opening with IndusInd Bank can take place instantly in just four easy steps. To get started, you need to submit your PAN and Aadhaar card and fill in a quick application form with all the necessary details.
Our bank representative will get in touch with you for the video-KYC process. And that’s it! A few clicks are all you need for your zero balance account opening online!
FAQs
Can we open a 0 balance account in IndusInd Bank? ›
The Indus Digi-Start savings account is a zero balance digital savings account that comes with no monthly balance restrictions. Only initial funding of Rs 20000 is required for this account.
What is the minimum balance required for IndusInd Bank? ›| Account Type | Minimum Account Opening Balance Required |
|---|---|
| Indus Exclusive Savings Account | Rs. 1,00,000/Rs. 2,00,000 |
| Indus Delite Savings Account | Rs. 10,000 |
| Indus Max Active Savings Account | Rs. 25,000 |
| Indus Maxima Savings Account | Rs. 20,000/Rs. 40,000 |
- State Bank of India Basic Savings Bank Deposit Account (BSBDA)
- Standard Chartered Bank Basic Banking Savings Account.
- IDFC First Bank Future First Savings Account.
- HDFC Bank BSBDA.
- Kotak Mahindra Bank 811 Digital Savings Account.
- AU Digital Savings Account.
The idea is simple - you can open a Savings Account, but you don't have to maintain a minimum balance in it. As the name of the account implies, this is a zero-balance account. Therefore, you don't have to maintain a minimum balance. Consequently, there is no penalty in the case of zero balance.
What is the limit of zero-balance account? ›As per regulations, most zero-balance savings accounts in India have deposit limits. It means you can only deposit cash up to a specific limit (usually ₹1 lakh), after which you must change your bank account type to a regular savings account with a minimum balance requirement.
How many zero-balance account a person can open? ›Limit on the Number of Zero Balance Accounts
There is a restriction on the number of zero-balance accounts a person can open. It's limited to one zero-balance account per bank.
Indus DigiStart asks for an initial deposit of 20,000 with debit card fees of 250, while Indus Delite only requires 10,000 as an initial deposit with debit card charges of 500. Delite is classified as a special savings account, and DigiStart is a regular savings account.
Which IndusInd account is best? ›If you are looking for a premium savings account that offers enhanced banking features and customised services, you should opt for the Indus Select Savings Account.
Can I open a zero balance account without a PAN card? ›Most Indian banks open a bank account without a PAN card using the following normal eligibility criteria: You are a citizen of India. You are aged 18 years or above. You can furnish valid ID and address proof documents.
What bank account can I open with $0? ›Yes, the Fifth Third Momentum® Checking Account really is free. There is no monthly service charge, no minimum deposit needed to open an account, and no minimum balance required.
What is the disadvantage of zero-balance account? ›
Disadvantages of Zero Balance Savings Accounts
This may include a limited number of free chequebooks, fewer online banking facilities or a cap on the number of free transactions per month. 2. Potential for mismanagement: The absence of a minimum balance requirement could lead to less disciplined financial management.
No-minimum checking accounts can help you save money
These accounts may still come with charges like monthly maintenance fees or have some sort of restrictions. You can find no-minimum-balance checking accounts at traditional banks as well as online-only banks, giving you a number of different choices to compare.
The Indus Delite zero balance account from IndusInd Bank is your gateway to hassle-free banking. The Indus Delite Account is perfect for students, freelancers, home-makers, young professionals, or for anyone looking for a bank account free of restrictions.
Is IndusInd Bank trustworthy? ›With AA+ Crisil and ICRA rating, IndusInd bank is one of the safest banks for opening fixed deposits.
How do I withdraw money from my zero account? ›One product allows you to withdraw money from your bank account even when your account balance is zero. Yes, we are talking about the overdraft (OD) facility. An OD facility is offered by banks. It allows account holders to withdraw money from their accounts over and above the fund already available.
Can you open a bank account with 0? ›A free checking account with no deposit is a checking account that doesn't charge monthly maintenance or account opening fees and doesn't have a minimum deposit requirement. In other words, you can open one with $0 and won't pay a monthly fee to keep it.
Can you keep a bank account open with zero balance? ›It's fine. Some might close them after a while, some might not. UK banks have statutory obligations to close dormant and inactive accounts, even with a balance above zero. So they will email / write to you to advise you to use it, after eighteen months or more with no transactions the account may be mothballed.
What is the disadvantage of zero balance account? ›Disadvantages of Zero Balance Savings Accounts
This may include a limited number of free chequebooks, fewer online banking facilities or a cap on the number of free transactions per month. 2. Potential for mismanagement: The absence of a minimum balance requirement could lead to less disciplined financial management.
Account number - varies in length. May appear before or after the check number. Include any leading zeros, but omit spaces and non-numeric characters.
