Which bank is best for zero balance current account?
A zero balance current account is a bank account that does not require a minimum balance to be maintained. This type of account is particularly useful for businesses that are just starting out or have low transaction volumes. However, not all banks offer zero balance current accounts, and those that do may have varying features and benefits. In this article, we will discuss some of the best banks in India for a zero balance current account.
Kotak Mahindra Bank
Kotak Mahindra Bank offers a zero balance current account that comes with features like unlimited cash deposits and withdrawals, free monthly statements, and a debit card. Additionally, businesses can avail of online banking facilities and free NEFT/RTGS transactions. This account is ideal for small businesses that have low transaction volumes.
HDFC Bank
HDFC Bank offers a zero balance current account that is designed for startups and small businesses. This account comes with features like online banking facilities, free monthly statements, and a debit card. Additionally, businesses can avail of benefits like reduced charges on non-maintenance of minimum balance and cash management services.
ICICI Bank
ICICI Bank offers a zero balance current account that comes with features like free monthly statements, online banking facilities, and a debit card. Additionally, businesses can avail of benefits like reduced charges on non-maintenance of minimum balance and free cheque books. This account is ideal for small businesses that have low transaction volumes.
Axis Bank
Axis Bank offers a zero balance current account that is designed for small businesses and startups. This account comes with features like online banking facilities, free monthly statements, and a debit card. Additionally, businesses can avail of benefits like free NEFT/RTGS transactions and reduced charges on non-maintenance of minimum balance.
Yes Bank
Yes Bank offers a zero balance current account that comes with features like online banking facilities, free monthly statements, and a debit card. Additionally, businesses can avail of benefits like reduced charges on non-maintenance of minimum balance and cash management services. This account is ideal for startups and small businesses that have low transaction volumes.
Conclusion
There are several banks in India that offer zero balance current accounts with varying features and benefits. It is important for businesses to carefully assess their requirements and choose a bank that best suits their needs. With the right zero balance current account, businesses can streamline their day-to-day operations and focus on their core activities without worrying about maintaining a minimum balance.
