Are you a devotee of the ‘savings’ culture too? If so, a savings account also comes as a boon for you. But are you aware of the zero-balance account or the zero-balance digital bank account?
ng the perks of a digital mode in your zero-balance account makes it more rewarding. Are you looking forward to an online digital bank opening with zero balance? Then here’s all you need to know.
As the name suggests, it is a form of a savings account that requires no balance amount. In other words, it’s a deposit bank account where you can save without a minimum limit.
A savings account requires you always to maintain a small balance. If you fail to keep this balance, you are liable to penalties.
Whereas a zero-balance savings account has no such conditions. Banks also offer digital facilities, making it easier and more convenient than a traditional account.
Having a digital zero-balance account means:
A digital savings account has many benefits over a traditional account. You even save all paperwork and physical banking issues. Here are some helpful features that make the whole deal better.
Hence, having a digital zero-balance savings account is quite beneficial. But how to get started with one? Follow the guiding steps ahead.
It is upon you to choose the best banking option. However, all banks have their set of rules and criteria. Some of the general eligibility criteria include the following:
With these minimum documents and conditions, you are ready for an online digital bank opening with zero balance. From here, you can go to the bank’s online site or app and follow the instructions to open your digital zero-balance account.
And there you have your digital zero-balance savings account. Remember that these steps may differ from bank to bank. Carefully follow the instructions and contact customer support in case of queries.
Saving money in the long term seems more straightforward with a zero-balance savings account. Without any minimum balance and hassle of penalties, you can start today. Why not take it up a notch with an online digital bank opening with zero balance?
Enjoy the ease of a digital account and save and grow financially with many benefits. Fi Money is an online money management app that takes your financial planning to the next level. Get yourself a zero-balance account in minutes with no paperwork or hidden fees.
Get the following benefits with a zero-balance bank account:
Yes. You can access the bank’s online platform from anywhere to open a zero-balance digital account.
Once you have figured out which bank, you can go onto their app or website to find instructions to open this account. You will need to update your KYC details to get started.
You will need a valid PAN and Aadhaar card to get started.