Premium Zero Balance Savings Account With Free Debit Card
Deal Wiki
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Last updated by: beastboy
ICICI
1. ICICI Society Savings Account
ICICI Bank offer a Zero Balance savings account with Free Debit Card and Nil AMC Charges also the account doesn’t have Quarterly SMS Charges. It is provided Generally in Metro Cities or Tier 1 Towns to few Premium Housing Societies . If you visit ICICI Bank even the Branch Manager Will Deny that such accounts exist and will tell you stories , Be Adamant and ask to check if your Society Falls under this category or not , If Your Housing Society falls in this category get your account opened and Enjoy Premium Saving Account from ICICI with Zero Maintenance Charges.
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KOTAK
1. Kotak 811 Savings Account
Though Not a Premium Savings account Kotak 811 Account is a great Initiative from Kotak , You Get a Zero Balance Saving account with a Virtual Debit Card , which can be used for Online Shopping.
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INDUSIND
1. Indusind Exclusive Savings Account
If you have IndusInd Pinnacle Credit Card you can open a Premium savings account ( Indus Exclusive Savings Account ) with zero AMB requirement and a Debit Card with Zero Issuing Charges and Zero AMC for lifetime. Same Exclusive account can be extended to 6 Family Members ( i.e. Total 7 Zero Balance Savings account with 7 LTF Debit Cards ).
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EQUITAS
1. Equitas Elite Saviongs Account
Currently Equitas bank is not charging anything to their customers for not maintaining AMB in their account.
So you can get their premium savings account Equitas Elite Savings account. The criteria is to maintain 5 lakh in the account but since they are having the policy of not charging their customers for not maintaining AMB.one can do an initial funding and later withdraw it to get a zero balance premium savings account. ( Credit – @gautam2usa226 )
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FEDERAL
1. Fi Money
Fi is a Neo bank account which is Powered by Federal Bank , Neo Banking is a new concept in Indian and is replicated here after the tremendous success of Neo Banks in USA . You Get a Zero Balance Federal Bank Account along with LTF Debit Card Virtual as well as Physical which will work for all Federal Bank Offers Too also no SMS charges.
2. Jupiter
Just like Fi Money , Jupiter is also a Neo Bank powered by Federal Bank as Backbone Infrastructure , As welcome Benefits they have provided users 10% Cashback on UPI and Debit Card Spends up to Rs.1000 Per month for 3 Months. With Jupiter Bank you get LTF Debit Card both virtual within the App as well as Physical and no SMS Charges , but the card seems to be not working for Offers specific to Federal Bank.
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I heard HDFC HNW accounts classic,preferred and imperia become zero balance and offers free debit card since it is manually downgraded by RM and no sane RM will not downgrade the account even if u don’t maintain the minimum balance
No sane RM downgrades you but if you are a sane customer, you yourself would downgrade from those variants
If you have IndusInd pinnacle credit card which comes as life time free then you can open a premium savings account (Indus Exclusive Savings Account) with them with zero AMB requirement. That too for lifetime.
Best thing is that after getting the credit card, you can get free add-on for family members and then exclusive savings accounts as well for them… all zero balance accounts, for lifetime.
Equitas bank : Currently Equitas bank is not charging anything to their customers for not maintaining AMB in their account, to attract more and more customers.
So you can get their premium savings account Equitas Elite Savings account. The criteria is to maintain 5 lakh in the account but since they are having the policy of not charging their customers for not maintaining AMB… one can do an initial funding somehow 
and later withdraw it to get a zero balance premium savings account.
If you have IndusInd Signature Credit Card/ Legend Credit Card/ Visa Odyssey Credit Card/
Amex Odyssey Credit Card which comes as life time free then you can open Indus Select Savings Account with them with zero AMB requirement. That too for lifetime.
Equitas is reducing Interest rates for savings accounts. See changes in attached pic.
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Bhai 3-4 credit cards rakhni hai. 3-4 bank accounts rakhni hai. Premium or cheap doesn’t matter. One should get things one need. 🙂
I never maintained high balance, even before imperia 
How did you enroll for it? They don’t give this program unless you have maintained or started with that balance.
does IDBI Bank charge for virtual debit card
If Amazon Flipkart offer 10% instant discount on Kotak debit cards, is Kotak 811 Virtual Debit Card eligible for that?
Also, will Kotak 811 sends SMS for debit/credit transactions?
Any charges for such SMSs?
Not available online. You need to discuss with the Bank Manager to get the benefit. They were able to confirm the benefit over an email for future reference
If you every compared Indusind Pinnacle Vs Legend Vs Iconia please let me know the differences in Benefits and Rewards structure
I opened Kotak 811 account yesterday.
Got a link to do video KYC.
https://www.kotak.com/811-savingsaccount-ZeroBa...
But there is no option to do Video KYC.
I can’t see an option in app also.
How should I do that?
If there is any benefit for referral, please share the jupiter referral link
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Interesting intiative waiting for banks info with such offers