Can someone recommend a basic zero balance bank account?

[Crane]

i need a secondary bank account without minimum balance requirements

So i can put money in it just to save
And use it with UPI probably

If anyone has experience with such zero balance bank account it would be really helpful

 

[anmolbhard004]

@Crane did you try BOB surely better than SBI in every sense

 

[Crane]

Hm I’ll look into it too then @anmolbhard004

 

[markiv]

i would suggest open zero balance account with any private bank like Kotak 811 and only opt for virtual debit card so that annual charges for debit card would not be applicable and also you can use UPI. only drawback is these type of accounts doesn't promote cash deposit and withdrawal

 

[Crane]

I see
But i might need to use the cash deposit facility @markiv

 

[markiv]

@Crane you can refer below link for schedule of charges. they allow 1 free cash transaction per month upto ₹10,000/-

Kotak 811 Digital Bank Account Fees & Charges | Zero Balance Savings Account - Kotak Mahindra Bank

Kotak Bank 811 digital bank account offers zero balance savings account at minimal fees and charges. Manage your day to day online transaction with ease through our app. Click to know more!

www.kotak.com

 

[Crane]

@markiv I’m not sure about this on debit card usage

5 financial Transaction / month @ nil charges, thereafter Financial Txn. – Rs. 21.00 / Txn.
No charge for non-financial transactions

 

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[markiv]

Cash withdrawal through debit card as financial transaction.
Other transactions like mini statement, balance enquiry are non financial transactions

 

[Crane]

I see thanks @markiv

Hm i just need like a plain 0 minimum balance account , but debit card for like online transactions
Amazon ,irctc etc

Would this work with it?

 

[markiv]

Virtual debit card can be used for online shopping, it will have card number, CVV, expiry date and these things will be available in your mobile app and net banking

 

[Crane]

I see
Looks good
Thanks for you help @markiv