Zero Balance Account

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Deal Cadet
alexhunter789

I want zero balance account with e-debit card facility. pls drop good one if you know any. 

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Deal Lieutenant Deal Lieutenant
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There are a lot of old threads, and mostly no T&C changed on those zero balance accounts, so please search the old DD threads to find the detailed lists (including free physical debit card as well).

Some of them are:

  • SBM Niyo Global (free physical debit card)
  • SBI account (deactivate physical card for free, keep only virtual card)
  • Fincare 101 account (virtual card)
  • Jio saving account (virtual card)
  • IDFC saving account (pratham account type or some other name)
  • Unity Saving account via Wint wealth (physical card free for now, apply via whatsapp banking)
  • Utkarsh saving account via NiyoX (virtual card) (program is paused for sometime, will be back in sometime i think)
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Vanguard Vanguard
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Kotak 811, jio payments Bank , bob bro savings account ,

Deal Lieutenant Deal Lieutenant
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There are a lot of old threads, and mostly no T&C changed on those zero balance accounts, so please search the old DD threads to find the detailed lists (including free physical debit card as well).

Some of them are:

  • SBM Niyo Global (free physical debit card)
  • SBI account (deactivate physical card for free, keep only virtual card)
  • Fincare 101 account (virtual card)
  • Jio saving account (virtual card)
  • IDFC saving account (pratham account type or some other name)
  • Unity Saving account via Wint wealth (physical card free for now, apply via whatsapp banking)
  • Utkarsh saving account via NiyoX (virtual card) (program is paused for sometime, will be back in sometime i think)
Beacon Beacon
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Dont know why but i love sbi, its a zero balance acnt + free rupay debit card. Yono app improved too much now.

Deal Subedar Deal Subedar
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How free rupay debit card?

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Deal Cadet Deal Cadet
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Apart from Kotak 811 and BOB Lite Savings account, SBI don't charge anything for non-maintenance on their savings account, which practically makes their accounts zero balance. Just apply for a regular one, and don't ask for the debit card. Don't activate it if you still receive it in mail. Instead, apply for a Virtual DC through Yono app, where you can even choose between Visa, MasterCard or Rupay.

Deal Cadet Deal Cadet
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Some banks need debit card to register for mobile banking e.g HDFC. Without physical debit card it will be difficult with those banks. Not sure SBI need it or not. 
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Deal Cadet Deal Cadet
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IDFC is not offering any zero balance account

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