I have a Kotak 811 zero balance savings account and I was happy with it. Still, then I got to know that Kotak allows only 1 free cash deposit in a month so I want a new zero balance savings account where there are more free cash deposits and a free debit card(virtual will work) like Kotak. I am 20 now.
ZERO balance savings account
- Thread starter MentiLee
- Start date
TaxWiser
KF Mentor
My Suggestion for Zero Balance Savings Account based on my personal experiences will be:
- SBI Savings Account (YONO App): For the SBI Savings Account opened via the YONO app, there is no specific limit on the number of cash deposits you can make. However, the per transaction limit for cardless deposits is Rs. 49,900, and through debit cards, it is Rs. 2 lakh, provided the account has a PAN number.
- BOB Bro Savings Account: For the BOB Bro Savings Account, you are allowed three free cash deposits per month. Beyond this limit, a fee of Rs. 50 per deposit transaction is applicable.
TaxWiser
KF Mentor
The physical debit card issued with the newly opened A/C has Annual fee of 150+GST(Rupay) & 200+GST(Visa) but you can block/close them via app after getting the Virtual Debit Card with ₹0 annual fees
abhishekhembrom
KF Ace
You
Talking About Cash Deposit.
Free Limit of Rs 2,00,000 per
month or 5 times of previous
months AMB
Charges will be levied if max
transaction cap limit of 5 per
month is breached, even if
deposit limit is not breached
Above free limit, Rs 4 per Rs 1000
subject to min Rs 10
You Can Try IndusInd Delight Savings Account i.e Zero Balance Account where you will get Visa virtual debit card. all you need is to initially deposit Rs 500 at time of opening account.
Talking About Cash Deposit.
Free Limit of Rs 2,00,000 per
month or 5 times of previous
months AMB
Charges will be levied if max
transaction cap limit of 5 per
month is breached, even if
deposit limit is not breached
Above free limit, Rs 4 per Rs 1000
subject to min Rs 10
Sbi has a limit of 3 cash deposits per month in its savings account. After which a fee around 80-90 will be charged.
zacobite
KF Mentor
open a psu bank acct.. min bal is v v low.. use normally... why r u stuck with these gimicks
nectarzzzz
KF Ace
Just don't ask them to take debit card nd via sbi yono you can simply generate virtual card for free
Gajendrakumar
KF Expert
How to first login into Indusmobile application as I opt for virtual debit card only. I got welcome kit and cheque book. When I try to login to Indusmobile application it asks me to enter userid that's I don't have
abhishekhembrom
KF Ace
when you were opening your account you were ask for login id and mpin. that same credentials is required to required. dont use indie saving fd app.
nectarzzzz
KF Ace
There virtual card is free but physical card fee is 500+90 =590
Gajendrakumar
KF Expert
But i haven't been asked for user id and mpin while account opening. What I can do
Gajendrakumar
KF Expert
I'm aware of that hence I opted fir virtual card only
abhishekhembrom
KF Ace
weird, you can try their net banking to login and then there is an option for mobile banking login.
Will get virtual debit card on SBI Insta Plus Savings Account only or I can get it on a regular account opened by the branch as well?
Gajendrakumar
KF Expert
You can open yourself through yono app without visiting branch and it's free for all savings account
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