Should you Look For A Zero Balance Account? Here’s what you need to know

When it comes to selecting a Savings Account, a Zero Balance Account may not possibly be the best choice. This is primarily because even though it saves you the hassle of maintaining an average balance every month, it is crucial that you look at all facets of the account before you opt for it. Here are some of the facts you need to know about a Zero Balance Account.

A Zero Balance Account is very elementary in nature. It was introduced to make banking accessible to everyone. Basic banking facilities are definitely available with this account. For instance, you may get a free passbook facility and free monthly account statements. Selected banks may also offer additional advanced banking features like a safe deposit locker, physical cheque books, Anywhere Branch Banking facility, and so on.

This Savings Account provides basic banking facilities like ATM transactions, FD, RD or Demat Account facility but it usually also has limits on free transactions and free withdrawals per month. If the total transaction amount or number of withdrawals exceeds this limit, you may have to bear an additional fee charged by the bank as per mode of transaction

Considering the aforementioned points of a Zero Balance Account, it’s important that you choose the right type of account for your use. With a minimum balance HDFC Bank Saving Account, you can enjoy unlimited and uninterrupted access to top-notch banking facilities. HDFC Bank offers several best-in-class services to make banking an effortless experience:

You can also take advantage of the different offers on Savings Account as offered below:


  Explore incredible benefits with Minimum Balance Savings Accounts

  • Savings Max Account
  • Total Insurance cover of Rs. 3.29 Crs*
  • Unlimited transactions at other Bank ATMs
  • Lifetime Free Platinum Debit Card to Primary & Secondary A/C holder
  • 50% waiver on Locker fees of 1st year on pro rata basis
  • Regular Savings Account
  • Insurance and other benefits on Debit card
  • Waiver on Annual Maintenance Charge for 1st year
  • Safe Deposit locker and Super Saver facilities
  • Women's Savings Account
  • 50% waiver on locker fees for first year*
  • Insurance cover of up to Rs. 45 lakhs*
  • Special rates on HDFC Bank Loans
  • DigiSave Youth Account
  • Free Moneyback Debit Card for first year
  • Investment options through SIP in Mutual funds and My Passion fund
  • Offers on Recharge, Travel, Movies & Shopping via PayZapp
  • Senior Citizen's Account
  • Lifetime Free Rewards Debit Card
  • Accidental Hospitalization and Accidental Death cover
  • Preferential rates on Fixed Deposits

Transact with ease: With a wide network of 5000+ branches and 16,00+ ATMs across India, you can conveniently access your account and go about your banking tasks. You also get selected free withdrawals across channels - ATM/ Branch/ NEFT, RTGS, IMPS (Online & branch) / Clearing and so on.

NetBanking and MobileBanking: Whether it’s paying bills, applying for loans, downloading your transaction history, transferring money between accounts or any other bank transaction via HDFC Bank NetBanking and MobileBanking, you can enjoy the convenience of remote banking.

Contactless cards: HDFC Bank Contactless Debit and Credit Cards help you effortlessly speed up your in-store checkout experience. Compared to swiping your card, the Contactless Card lets you Tap & Pay on the go! This extremely secure method doesn’t require a PIN or OTP. Yes, all it takes is just a tap.

Discounts and offers: When it comes to elevating your online shopping or bill payment experience, HDFC Bank leaves no stone unturned. You can enjoy lucrative offers and CashBack on all your spends. You can also benefit from exclusive deals during festivals*.

PayZapp and SmartBuy: HDFC Bank PayZapp is a mobile wallet that allows you to scan and pay and make bill payments. SmartBuy is an e-commerce website where you can compare prices and shop and book tickets. And on making transactions on these two digital platforms, you can get Reward Points or CashBack.

Easy banking with Debit Card: With an HDFC Bank Debit Card, you can make quick payments, enjoy regular discounts and CashBack on shopping, travel, dining, bill payments and more*.

Set alerts: You can receive InstaAlerts via email or SMS so that you stay informed about your transactions.

Other Benefits: On becoming an HDFC Bank account holder, you can enjoy a range of cross-product benefits such as waiver of AMC charges on Demat Accounts, special interest rates on deposits, fee waivers on loans, insurance,investment solutions and more*.

With these safe, convenient, and digital services, HDFC Bank can help you achieve your financial goals with ease. So, to start banking with India’s No.1 Bank*, open a Savings Account now by clicking here. You can open an account online in just 10 mins via the InstaAccount opening process.

*Terms and conditions apply. The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances.