need feedback: zero balance online account with...

need feedback: zero balance online account with unlimited txns

11°
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Deal Newbie
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looking at opening a zero balance online account with free fund transfer facilities. I see most claim free RTGS/NEFT/IMPS.
- no hidden charges of any kind
- online banking (transfer feature) is adequate. no physical cheque or bank /ATM access needed
- aadhar verification ok. No PAN though?
- unlimited online transfers (inward/outward)
- no need of any ATM/debit/credit cards – can transfer my money to my existing account if needed
- OK to cancel it at end of 360 days (if they want full kyc before end of 1 year) presuming there are no cancellation charges.

looking for this account to set up an online selling business. will receive payments from customers, keep my share and transfer the share to the distributors. so, don’t want to use my existing account for this.. hence this requirement.

anyone using these digital accounts? drawbacks? pitfalls? suggestions?

thanks

Deal Wiki

Try kotak 811. They give a good interest rate* Paytm otherwise. Paytm would be convinient as we already use it a lot.

*Earn up to 6% p.a. interest on savings account balance over ₹1 lakh and up to ₹1 crore. Earn 5% p.a. interest on savings account balance up to ₹1 lakh and 5.5% p.a. interest on savings account balance above ₹1 crore. Applicable for Resident Accounts only. Interest rates are subject to change from time to time. Please visit www.kot...om for the latest information on interest rates.

2 Comments  |  
3 Dimers
Missing
Deal Newbie
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Use kotak 811, axis asap or idfc.
No hidden charges (except debit card fee)
Your account will be freezed after 1 year if full kyc not done.
Pan is mandatory for online accounts (or open account at branch thru form no.60)

Missing
Deal Cadet
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Digibank

But I wonder how you plan to open account without PAN.

Missing