{"id":2666,"date":"2025-12-26T18:00:00","date_gmt":"2025-12-26T12:30:00","guid":{"rendered":"https:\/\/tradebrains.in\/money\/?p=2666"},"modified":"2025-12-29T10:58:50","modified_gmt":"2025-12-29T05:28:50","slug":"7-major-indian-banks-offering-zero-balance-savings-accounts-in-2026-heres-the-list","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/money\/7-major-indian-banks-offering-zero-balance-savings-accounts-in-2026-heres-the-list\/","title":{"rendered":"7 Major Indian Banks Offering Zero Balance Savings Accounts in 2026; Here’s the List"},"content":{"rendered":"\n
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Synopsis: <\/strong>Several Indian banks now offer savings accounts with zero minimum balance requirements, eliminating penalties for low balances. This article explains 7 Indian Banks that offers zero minimum balance in the savings accounts of the account holders. <\/em><\/p>\n<\/blockquote>\n\n\n\n

Now, there is good news; in case you have been struck by the penalty fee imposed by your bank savings account on keeping a low balance in the bank account, here is good news: the minimum balance requirement on some of the savings accounts has been eliminated by some of the leading Indian banks. It is like you will not need to be afraid of maintaining some minimum in your account and save some money and bank comfortably.<\/p>

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Banks Have Zero Minimum Balance Savings Accounts<\/strong><\/h2>\n\n\n\n
Bank<\/strong><\/td>When Implemented<\/strong><\/td>Notes<\/strong><\/td><\/tr>
State Bank of India<\/strong><\/td>Since 2020<\/td>Applies to all savings accounts; premium excluded<\/td><\/tr>
Indian Bank<\/strong><\/td>Effective July 7, 2025<\/td>Completely removed minimum balance charges across all savings bank accounts.<\/td><\/tr>
Canara Bank<\/strong><\/td>Effective June 1, 2025<\/td>Waived the AMB requirement across all types of savings bank accounts.<\/td><\/tr>
Bank of Baroda (BoB)<\/strong><\/td>Zero Balance options available<\/td>Offers zero balance accounts like BSBDA and BOB LITE, while other accounts (like Baroda Advantage Savings Account) still require a Quarterly Average Balance (QAB).<\/td><\/tr>
Kotak Mahindra Bank (Kotak 811)<\/strong><\/td>Late 2024<\/td>Digital-first savings accounts; premium excluded<\/td><\/tr>
Punjab National Bank<\/strong><\/td>Mid 2025<\/td>Regular savings accounts; priority banking excluded<\/td><\/tr>
HDFC Bank<\/strong><\/td>Mid 2025<\/td>Zero balance is limited to BSBDA (Basic Savings Bank Deposit Account) and Salary Accounts. Regular savings accounts still require an AMB of \u20b910,000 (metro\/urban).<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Note: Current terms should always be checked on the respective bank websites and then applied as the terms may differ depending on the account type and may be modified.<\/p>\n\n\n\n

What Does Zero Minimum Balance Mean to You?<\/strong><\/h2>\n\n\n\n