Are searching for the 0 balance account opening online? Here discussed 5 zero balance account examples. Everyone needs a zero-balance account these days.
Today I will tell you how to open a 0 balance account opening online. How to open zero accounts online in a total of five banks? That is the topic of discussion today. These five banks are the best for 0 balance account opening online.
These five banks will be compared with the help of different parameters. Judging by your requirements, you will see which bank is convenient for you. You will judge.
Which bank is convenient for you for zero balance opening? Everyone has to do zero balance openings nowadays. Everyone wants to open a 0 balance account opening online.
One cannot maintain a minimum balance in the savings account. You have to judge by looking at the details of these five banks. Which bank is convenient for you?
You need to know what is necessary to open five banks. Fast you have to notice. Which bank gives the most saving interest from these five banks? Which bank is giving more interest on fixed deposits?
How much do debit card fees? Can you withdraw unlimited money through a debit card? For example, some banks say unlimited transactions are free. Some banks give five transactions free.
Then when you go to withdraw money, some money is deducted. I will compare these things with the help of different parameters. You have to judge by the parameters of this bank.
You will open an account in whichever bank is convenient for you. The account opening link will be provided below. Opening an account in these 5 banks is very easy. Banks are discussed in order of rank.
The five banks that will be discussed are insured by DICGC. DICGC Full Form Deposit Insurance Credit Guarantee Corporation. It is a sub-city body of RBI. Every bank can give loans of up to 5 lacks to every customer.
If your bank fails due to any reason, then you will get Rs 5 lakh from RBI’s DICGC. A common question nowadays is how many zero accounts can be opened maximum?
Some people are doing this, not investing 5 lakhs in one bank. They are opening four accounts and investing five lakh rupees in four banks.
As a result, if they go bankrupt for any reason, they have no risk. Here they are getting a safety by DICGC.
5. 0 Balance Account Opening Online In Fi Money
What is FI money? FI Money is a Neo Bank. Neo Bank has no physical branch. such as SBI. SBI bank has a physical branch. At Neo Bank, we call it Modern Bank.
Neo Bank does not have any physical branches. So how does Neo Bank work? Neo Bank ties up with big banks. For example, FI Bank has tied up with Federal Bank. As much money will come to FI Bank.
He will deposit the money in all Federal Banks. So do you think it is necessary to open an account with zero balance in FI Money? Let’s take a look at all the features of FI Money.
Best Features Of Fi Money Bank
1. FI Money is insured by DICGC. One hundred and one hundred one percent guarantee up to five lakhs.
2. FI Money Interest Rate: If you keep your money in a savings account, it gives an interest rate of 3%. It offers an interest rate of 3 % on savings and fixed deposits.
FI Money will give you a debit card as soon as you open an account. Which is a Visa company debit card. The best thing about this debit card is that it has no charges and you get it for free.
There are no initial fees and no annual fees for this. All other banks assume charges on debit cards.
4. FI Bank Fixed Deposit: If you open fi bank with a fixed deposit, you will get the bank interest from Federal Bank. If you do a one-year fixed deposit. Then you will get interested at the rate of 6%.
You don’t make 365 day fixed deposit. If you do a fixed deposit for 366 days instead of 365 days. Then you will get interested at the rate of 6.60 %. If you do a fixed deposit for 18 months.
Then you get an interest rate of 7.25%. Interest is very good on FI bank fixed deposits. At present, all the banks are offering an interest rate of 3% on all savings accounts.
5. Debit Card: A debit card that will give from FI money. With that debit card, you can withdraw unlimited money from Federal Bank ATM. No transaction fee will be charged for it.
But if you withdraw money from an ATM of a bank other than Federal, you can do five free transactions. After five times, every transaction will cost you 21 rupees.
There will be no charge for the debit card issued with the opening of the bank account for the first time. But if your debit card is lost. If you apply for a debit card, you will be charged rupees.
6. Chequebook: FI Money stands for Digital Bank. This is why you don’t need a checkbook. If you need a checkbook. Then you have to pay 100 rupees for the checkbook. You will get a checkbook of 10 pages.
7. Disadvantage Of FI Bank: Never swipe the FI Money Bank debit card at the petrol pump machine. Every time you swipe the petrol pump machine, the charge will be deducted by 10 rupees.
All features of FI Bank are good. Except for this feature of the debit card only. You should always be careful never to swipe your fi money debit card at the machine while filling petrol.
FI Money is working on an account aggregator. Account Aggregator Technology developed by RBI. FI Money is one of the advantages of downloading the app.
As many accounts as you have. All accounts can be operated by you through FI Money. You can manage the FI Money app very easily.
Full guide For 0 Balance Account Opening Online in FI Money Bank
Are you searching for the 0 Balance Account Opening Online in FI Money Bank? Here discuss step by step full process. To open zero balance account online in FI Money Bank, download the FI Money app from Play Store.
Process 1: After opening the app first you need to enter the mobile number. An OTP will appear on that mobile number which you have to fill in. After that, the mobile number will be verified.
- Enter Mobile Number
Process 2: Next you have to enter your email id and your legal name. For legal name, enter the name that is on your PAN card or Aadhaar card.
- Enter Email Id
- Legal Name
Then on the page that will open, press “Continue without code”. Then there will be an option called Verify Report. Click on the option Process.
Process 3: After that choose Employment Type. Likes Self-Employed, Retired Person, Housewife, Student, or Others.
Process 4: Then you fill the student’s place. Enter your annual income here. If you fall under the student or housewife type category, select 0 to 100000 lakh annual income. Then click on Next to confirm.
- Category
- 0 to 100000 lakh annual
Process 5: Then you will enter the pan number first and fill in the date of birth and click on next.
- Enter Pan Number
- Enter Date Of Birth
Process 6: Then the father’s name and mother’s name should be filled in. Then if you can add flexibility then by clicking on the option you fill nominee details. If you don’t want to add a nominee then fill father’s and mother’s names and enter.
- Enter Father’s Name
- Enter Mother’s Name
- Enter Add Nominee
Process 7: Then you fill in your Aadhaar number and click next. An OTP will be sent to the mobile number registered with the Aadhaar card.
- Enter Aadhaar Number
Fill in the OTP and click on Next. Then a code will appear on the screen. It will tell you on the screen with the help of a video call. And click on In Verification.
Process 8: Enter the name you want to write on the debit card. Your address will be automatically filled in.
- Enter the name(write on the debit card)
You will receive your debit card at this address. If you want to change the current address then you can change from this option.
Process 9: After that, if everything is fine, click next with a tick mark in the box.
- Tick Mark In The Box
Process 10: After that, your account will be completely ready click on the “Flip to account” option below. Then your Allow option will come. Click Allow option.
- “Flip to account”
After waiting some time, your account will be completely created. You all account-related things like checkbooks, and debit cards you will get everything at home.
Also Read: 5 Navi Loan Customer Care Number In All India
4. 0 balance account opening online in Jupiter Account
Jupiter Bank is a financial institution. Jupiter Bank offers various banking services for individuals and businesses. Jupiter Bank Tie-ups with Federal Bank.
The bank specializes in personal and business banking, investment, credit card, development, and online banking.
Jupiter Bank offers effective interest rates on deposits, salutary terms, and low fees. Provides investment management including mutual funds and brokerage networks.
There is a mention of the bank for customer service. Its website offers various resources to help customers with financial arrangements.
Jupiter is committed to helping customers achieve their financial goals. Also provides financial advice and guidance.
Overall, Jupiter is a selective and customer-centric financial institution. Jupiter offers a wide range of mechanisms to provide financial assistance to individuals and businesses.
Zero balance accounts are offered by financial institutions. You do not have a minimum balance requirement for this account. There is no maintenance charge for this balance.
There may be some restrictions on withdrawal limits. You do not have to pay any penalty if the balance of such savings bank accounts falls below a certain limit.
Best Features Of Jupiter Bank
- Online Banking: Access your bank account and complete transactions through a secure online portal.
2. Mobile Banking: You can easily access your bank account through a mobile app on your smartphone or tablet.
3. Debit Card & ATM Access: Provide an ATM card from Jupiter Bank to withdraw and deposit cash.
Jupiter Bank charges a One-time payment of rupees 299 + GST for Jupiter Bank Debit Card.
If you withdraw money from a Federal Bank ATM through a debit card, you can withdraw unlimited money.
If you withdraw money from an ATM of a bank other than Federal Bank, you can do five free transactions. After five withdrawals, you will have to pay a transaction fee of Rs 21 each time.
- Win 1% Rewards on All Select Debit Card & UPI Spends. You can get this reward for a lifetime.
- Get a 1 % reward on purchases.
- Live a stress-free life with super secure card controls like Sleep and Freeze.
- Say hello to Fee free spending with no annual charges.
4. Checking and Savings Accounts: Offers checking and savings accounts with different interest rates and minimum balance requirements.
5. Loans and Credit Cards: Jupiter Bank offers various types of loans including personal, business, and mortgages.
6. Credit Cards: Credit cards are issued with different rewards program interest rates and credit limits.
7. Financial Planning and Investment Services: Offers financial planning and investment services to help customers manage their money and grow their wealth.
8. Customer Service: Provides various customer service options including phone, email, and chat support.
9. Security: Ensures the security of customers’ personal and financial information through various measures such as encryption and two-factor authentication.
Jupiter Bank is insured by DICGC. The Reserve Bank of India(RBI), vide an order dated August 3, 2022, imposed a monetary penalty of Rs.81,90,000 on Jupiter Capital Private Limited. And that arp includes instructions issued by RBI.
10. Fixed Deposit: Jupiter Bank Savings Account pays interest at the rate of 3.05%. This bank offers very good interest on fixed deposits. Pays an interest rate of 6.60% on fixed deposits for 366 days.
Full guide For 0 Balance Account Opening Online in Jupiter Bank
To open an account online in Jupiter Bank, first, you need to download the Jupiter Money app from Play Store. After opening the app for the first time, it will ask you for location permission. You turn on location.
Then you will click on the start option. Then you will be asked for SMS and phone permission. Here you will click on allow option.
Step 1: Enter your mobile number. Then an OTP will be sent to your mobile number, click on verification.
- mobile number
Step 2: Next enter your PAN number. Enter and click on the continue option. Then the name of your PAN card will show in front of you. You have to click on that is my option.
Step 3: Then enter your twelve-digit Aadhaar number. Then click on perform KYC option. Then an OTP will be sent to your phone.
- Aadhaar number
Enter the OTP. After entering the OTP, the name and address on your Aadhaar card will show in front of you.
If you want to change the address here, you can change the address by clicking on the “got a difference” option. Then you click Continue.
Step 4: Next you need to verify yourself through a video call. Click on the continue option below. You will receive a code via video call. This code should tell you. Your verification will be successful.
- video call
Step 5: After entering the father’s name and mother’s name, the press continues option.
- father’s name
- mother’s name
Step 6: Then you are a Salaried, Self Employed, Business, Housewife, or Retired, Student. Choose any one of these options. Then you have to click on the option of your yearly income. Then click on the married or single option.
- Student
- Less Than 1 Lakhs
- Single
Step 7: If you want to add a nominee, you can add it now. There is no problem if you do it later. What is your relationship with the nominee?
- Nominee’s Name
- Date of Birth
- Address
Nominee’s Name, Date of Birth. Then your address will show. If your address is the same, click Address. Then click on the continue option.
Step 8: Next you need to set a PIN to keep the Jupiter app safe. You will set the PIN or Password. Then you have to wait up to five minutes.
After that, your account will be completely ready. After that, your consumer ID, account number, and IFSC code will be ready and shown in front of you.
Click on the continue option. Then you can see the debit card option. In this way, you can easily create a 0-balance account Jupiter Bank account at home.
Also Read: Understanding Cryptocurrency for Dummies: How Does Cryptocurrency Work?
3. 0 balance account opening online in IndusInd Bank
IndusInd Bank is a leading private-sector bank in India. IndusInd Bank is headquartered in Mumbai. The bank was established in 1994.
It has a network of more than 2000 branches and around 3000 ATMs across the country.
IndusInd Bank offers a wide range of financial products and services to its customers including Personal Banking Corporate Banking, Investment Banking, and Wealth Management.
The bank has been consistently recognized for its customer service and innovative products.
In the intervening years, IndusInd Bank has expanded its presence in international markets with branches in Dubai, London, and Singapore.
IndusInd Bank is known for its strong focus on technology and digital innovation with various digital banking solutions for its customers.
The bank is actively involved in CSR initiatives, especially in the areas of education and healthcare.
In terms of financial performance, IndusInd Bank has shown steady growth over the years. As of March 2021, the total assets of the bank are 3. 14 trillion ($42 billion).
Its net profit is 3304 crores ($444 million). As of June 2021, the bank has a market capitalization of around Rs 89,000 crore ($12 billion).
Best Features Of IndusInd Bank
IndusInd Bank is a leading private sector bank in India. This bank offers detailed financial products and services. Some key features of this bank are discussed.
1. Savings Accounts: IndusInd Bank offers various types of savings accounts including Regular Savings Accounts, Senior Citizen Savings Accounts, and Minor Savings accounts.
Savings accounts offer a variety of benefits. Like high-interest rates, cashback on transactions, and free ATM transactions.
2. Current Accounts: IndusInd Bank offers current accounts to businesses and companies. These accounts have free NEFT/RTGS transactions. Also, multiple banking systems come with features like online banking services.
3. Credit Cards: Intelligent Bank offers a variety of credit cards including lifestyle, travel, and co-branded cards. These cards have features like reward points, cashback, and discounts on purchases.
4. Loans: IndusInd Bank offers various types of loans including personal loans, home loans, car loans, and business loans. These days it comes with flexible council options, competitive interest rates, and quick disbursements.
5. Investments: IndusInd Bank offers various investment options including mutual funds, fixed deposits, and recurring deposits. These investments come with attractive interest rates and flexible tenure options.
This bank is offering a 4 % interest rate on a savings account. If you make a fixed deposit for 364 days, you will get an interest rate of 6 %. And if you do a fixed deposit for 365 days.
Then you will get an interest rate of 6.75 %. Also if you make a fixed deposit for 18 months. In a savings account then you will get a 7% interest rate.
If you keep 0 to 1 lakh in a savings account. But you will get an interest rate of 4%. If you keep a 1 lakh to 10 lakh balance in a savings account. Then you will get a 5% interest rate.
If someone keeps money from 10 lacks to 1 crore in a savings account. Then you will get a 6 % interest rate.
6. Insurance: New Zealand Bank offers various insurance products including life insurance, health insurance, and travel insurance. These products offer extensive coverage. Can be customized to meet the specific needs of customers.
7. Forex Services: IndusInd Bank offers foreign currency services including foreign currency exchange, international money transfer, and travel cards. These forums are designed to make international travel and transactions easy and convenient.
8. Digital Banking: Andusliment Bank offers multiple digital banking services including mobile banking, internet banking, and SMS banking. These services allow customers to manage accounts, transfer funds, pay bills, and conduct other transactions from the comfort of their homes or office.
9. Debit Card: If you go to IndusInd Bank ATM and withdraw money. Then you can withdraw money as often as you like. No charges will be deducted. Five transactions are free if you withdraw money from an ATM in a different bank. Then every transaction will be deducted by some 21 rupees when withdrawing money.
Overall IndusInd Bank is known for its innovative products and services, competitive pricing, and customer-centric approach.
Full guide For 0 Balance Account Opening Online in IndusInd Bank
IndusInd Bank is one of the largest private-sector banks. This bank offers zero-balance account opening facilities. After opening an account in this bank, you will get many offers.
Also, credit card and insurance facilities through the bank you will get. And many types of loans you can open through this bank. To get these facilities first of all you have to open an account with IndusInd Bank.
Today I will tell you how to open bank account online in IndusInd Bank at home. Full Tutorial to Open Zero Balance Account Online in IndusInd Bank.
There is no need to go to the bank to open an account at this bank, everything will be done online. Aadhaar and PAN card is required to open an account in this bank.
Step 1: Let’s see how we can open zero accounts in IndusInd Bank online. You will be provided a link click on this link you will reach a page.
Step 2: Click on the “Open Your Account Now” option.
- Open Your Account Now
Step 3: Next you will enter your mobile number. Then your account number will start with 15. 15 and you can enter the rest of the numbers of your choice.
- mobile number
After clicking on the checkbox, click on the “continue” option. After clicking, your mobile number will receive an OTP. You will verify with that OTP.
Step 4: Then Aadhaar and Pan verification options will come. Enter your PAN card number and Aadhaar card number below. Then click on the checkbox and click on the Cent Verification OTP option.
- Enter your PAN card
- Aadhaar card number
Then your mobile number will get an OTP and enter the OTP. Then click on the continue option. Then you can see your address, pan number everything.
Step 5: Then you enter the email number, married or single, father’s name, mother’s name, business name, occupation, and monthly income. Then your permanent address will show below.
- Enter Email
- Married or single
- Father’s name
- Mother’s name
- Business name
- Occupation
- Monthly income.
If your permanent address and communication address are different. Then you fill in the communication address. Then there will be two options Additional Details. Give two no. Then ask to choose the branch code.
Then select the branch of IndusInd Bank near you. Then Aadhaar linking option will show. The fast option will tick the “do not wish to review DBT benefits” option and click on the save and continue option.
Step 6: Then your front nominee details will show. After filling in the nominee option click on the continue option. Then choose your IndusInd Bank online account will show.
- Nominee details
Click on the Indusdelite box below. To open this account you need to pay a minimum of 10000 rupees. 500 + GST to be paid once for ATM.
10000 which you pay for opening the account, you can withdraw that money within five minutes after opening the account. You have to pay a total of 10590 rupees for ATM and account opening.
- Now button
Then click the Pay Now button. You can get some cashback after account opening. For example 200,500 rupees. Then your account number will show.
- video call
You have to do your KYC through a video call. You have to show your Aadhaar Card and PAN Card in Video KYC. Video KYC you can do later. There is one year time after the account opening.
You can do KYC anytime within a year. Your account opening is complete. You will get your account number and IFSC code through email.
Also Read: Explain The Basic Principles Of Finance For Beginner
2. 0 balance account opening online in Kotak Mahindra Bank
Kotak Mahindra Bank is a leading private-sector bank in India. Its headquarters are located in Mumbai. The bank was established in 1985 as a non-banking financial company (NBFC).
Converted into a bank in 2003. As of September 2021, the bank had 1603 branches and 2568 ATM networks. There are 659 places spread across India.
The bank also has international offices in Dubai, London, New York, Singapore, and Mauritius.
Kotak Mahindra Bank offers a wide range of financial products and services including personal banking, corporate banking, wealth management, investment banking, and insurance.
Some of the popular products and services offered by this bank include savings accounts, current accounts, credit cards, loan mutual funds, fixed deposits, and insurance policies.
The bank is popular for its customer-centric approach and innovative products. The bank has won several awards for its digital banking solutions, customer service, and corporate governance.
Kotak Mahindra Bank is listed on the Bombay Stock Exchange and the National Stock Exchange of India. As of September 2021, the market capitalization of the bank is about USD 40 billion. Kotak Mahindra Bank is one of the largest banks in India.
Best Features Of Kotak Mahindra Bank
Kotak Mahindra Bank offers a wide range of services to its customers. Which includes
1. Savings Account: The bank offers different types of savings accounts such as Classic Savings Account, Pro Savings Account, and Silk Woman Account.
2. Current Account: Banks provide current accounts to the business community to manage their day-to-day financial transactions.
3. Credit Cards: Banks offer various features or benefits such as rewards, cashback, discounts, etc. All different types of credit cards.
4. Loans: Banks provide various types of loans such as personal loans, home loans, car loans, education loans, etc.
5. Insurance: Banks offer various types of insurance products such as life insurance, health insurance, and general insurance.
6. Investment Services: Bank offers various investment services like mutual fund equity and other investment products.
7. Forex Services: The bank provides forex services such as currency exchange, travel card, and remittance services.
8. Debit Cards: Offers different types of debit cards with different features and benefits. The debit card fee is Rs 299 + 18% GST.
Kotak Mahindra Bank has two types of debit cards. Physical Debit Card and Virtual Debit Card.
You can use a virtual debit card through the Kotak Mahindra Bank app. You can withdraw as much as you want from Kotak Mahindra Bank ATMs.
But if you withdraw money from a different bank’s ATM with the help of a debit card, five times the transaction is free. Then 20 rupees will be deducted for each transaction.
9. Online Banking: Provides online banking services. Which includes net banking, mobile banking, and phone banking.
10. Wealth Management: Frog provides wealth management services to highly networked individuals (HNIs) to manage their investments.
11. Fixed Deposit: If you keep money in a savings account then it will give an interest rate of 3.50%. A fixed deposit for 365 days will pay an interest rate of 6.75%. A fixed deposit for 390 days will increase your interest rate to 7%.
Full Guide for 0 Balance Account Opening Online in Kotak Mahindra Bank
Kotak Mahindra Bank is the fourth largest bank in the private sector. Among the top banks that offer zero balance account opening.
You can open an online zero balance account with full KYC at home with Kotak Mahindra Bank.
After opening a zero balance, you can use the credit card from this bank without showing income proof.
So let’s see how to open Kotak Mahindra Bank Zero Balance Open Online.
Step 1: To open Kotak Mahindra Bank Zero Account, you need to download the Kotak Mahindra app from Play Store. The link will be given below. Open the app.
- Open the app
Step 2: On this page, you will enter your mobile number, email id, and Pincode and click on the “open now” option.
- Mobile number
- Email id
- Pincode
Step 3: If the “Sorry with do not have a branch here” option comes in front of you. But you can try using the Pincode in your vicinity. Kotak Mahindra Bank will use the Pincode that is available.
- “Sorry with do not have a branch here”
Step 4: On the page that will open, enter the PAN number and Aadhaar number and click on the checkbox. Then click on the “proceed to verify” option.
- PAN number
- Aadhaar number
Step 5: You will see all the details of the Aadhaar card. Then click on the “proceed option”.
- Proceed Option
Step 6: Then an OTP will be sent to the phone number linked to your Aadhaar number. This OTP will enter.
- OTP
Step 7: On this page, you will enter your occupation, your income source, annual income, married/single, father’s name, and mother’s name, then click on proceed option.
- Occupation
- Income source,
- Annual income,
- Married/single,
- Father’s name,
- Mother’s name
- Proceed
Step 8: Then the address on the Aadhaar card will show in front of you. You can use an Aadhaar card address. If you think I will change the address.
So here you can change the address. You will get all your checkbooks, debit card, and credit card at this address.
Step 9: On this page, you need to add a nominee. Or you can add a nominee later. After adding the nominee, click the “I’ll do it later” option.
- Nominee
- I’ll do it later
Step 10: Next there will be five check boxes. Which will be ticked and clicked on the proceed to MPIN option.
- Five checkboxes
- Proceed to MPIN
Step 11: Next you need to generate a PIN for Kotak Mahindra Bank Security. After that, you create a security pin and click on confirm MPIN option.
- Generate a PIN
Step 12: Next the virtual debit card will show in front of you. Then click OK in the “Allow for Online Use” option below. Click on the Proceed option below.
- Allow for Online Use
- Click on the proceed option
Step 13: Next you need to do a video KYC. On this page login id, account number, IFSC code, and UPI handle will all show in front of you.
- Video KYC
After scrolling down you can see your debit card expiry date and card number. After that, you have to complete the KYC of your video.
To do this you can call the bank agent at home or you can also do it online. I will have the following three checkboxes.
- Three check boxes
Click all checkboxes. Click on the “Agree and Proceed” option. PAN card should be uploaded for KYC. You have to click a selfie on your phone and upload it. You will make a Signature and upload his picture.
- Agree and Proceed
- PAN card
- Selfie
- Signature
Then an agent from Kodak Mahindra Bank will contact you via video call. You have to show your PAN card, and Aadhaar card by contacting.
After that, your Kotak Mahindra Bank Zero Balance Account is completely created. Then you will use the Kotak Mahindra Bank app to do bank transactions.
1. 0 balance account opening online in AU Small Finance Bank
AU Small Finance Bank is an Indian financial institution. This bank has earned a special name in providing various banking and financial services.
The bank was established in 1996 as AU financiers, a non-banking finance company. In 2017 it converted into AU small finance bank.
The bank operates across various segments including retail banking corporate banking and SME banking. Offers products and services like savings accounts, fixed deposits, insurance, and wealth management.
There are more than 700 branches across 13 states and two Union Territories in India. The bank has a strong presence in rural and semi-urban areas with 5000+ banking touchpoints.
AU Small Finance Bank is known for its customer-centric approach. It has won several awards for its services, including the Best Small Finance Bank Award by Business Today in 2021.
The bank also emphasizes social responsibility and has implemented several initiatives to promote financial literacy. Aided in education and healthcare in rural areas.
As of March 2022, the total assets of the bank were more than 40,000 crores. The number of subscribers was over 1.9 million.
Best Features Of AU Small Finance Bank
AU Small Finance Bank is a scheduled commercial bank in India. It provides various financial products and services on the ground. Here are some features of this AU Small Finance Bank.
1. Savings Accounts: Banks offer savings accounts with competitive interest rates. Customers can choose from various Savings Account options as per their requirements.
If you have 0 to 1 lakh taka in the bank, you will get an interest rate of 3.5%. If there are between 1 lakh to 10 lakh rupees in the bank, you will get an interest rate of 5%.
If you have Rupees 10 lakh to 25 lacks in the bank, you will get a 6% interest rate. And if there are 25 lakhs to 1 crore rupees then you will get an interest rate of 7%.
2. Fixed Deposits: This bank offers local deposits with attractive interest rates and flexible tenors from seven days to ten years.
A fixed deposit of money in a bank for 365 days will earn an interest rate of 6.1 0%. If you make a fixed deposit for 366 days, you will get an interest rate of 7.35%.
3. Loans: This AU Small Finance Bank offers a wide range of loans including personal loans, business loans, home loans, and vehicle loans. Also provides loans against property and gold loans.
4. Digital Banking: The bank provides digital banking facilities to customers including mobile banking, internet banking, and UPI services. As a result, customers can easily access their accounts. Can transfer funds from any location, and pay bills. May also perform other banking activities.
5. Credit Cards: This U Small Finance Bank offers a range of credit cards with various features and benefits including cashback offers, reward points, and shopping discounts.
6. Insurance: The bank offers various insurance products including life insurance, health insurance, and motor insurance to provide comprehensive financial protection to its customers.
7. NRI Services: This US Small Finance Bank offers NRI services to help Non-Resident Indians manage their money in India. NRI services include NRI accounts, remittance services, and foreign currency deposits.
8. Debit Card: For a debit card, you have to pay 150 Rupees plus 18% GST once. You can withdraw unlimited money from this AU Small Finance Bank ATM.
If you want to withdraw money from an ATM of a different bank, five times the transaction is free and then 20 rupees will be deducted for each transaction.
One of the advantages of AU Small Finance Bank is If you open an account in any branch, you can solve all your problems by going to any branch.
Overall AU Small Finance Bank is a customer-centric bank. It offers a wide range of financial products and services to meet the diverse needs of its customers.
Full Guide for 0 Balance Account Opening Online in AU Small Finance Bank
A link will be provided in the description. By clicking on that link, you can open AU small finance bank account. You can easily open a bank account online for free.
Step 1: Enter your mobile number. Then an OTP will be sent to your mobile number, enter that OTP. Then click on verify option.
- Mobile number
- OTP
- verify
Step 2: After entering the mobile number and PAN number, click on the checkbox.
- PAN number
- checkbox
Step 3: Next you enter your Aadhaar number. The gate will click on the OTP below. Then an OTP will be sent to the mobile number linked to your Aadhaar card. Enter OTP and click confirm.
- Aadhaar number
- OTP
- Confirm
Step 4: Next you will have an Aadhaar card and address in front of you. Single, email ID, mother name, father name, and your Aadhaar card number can be used for communication. You can change the address.
- Single
- Email ID
- Mother name
- Father name
Step 5: Next you will add the nominee. Nominee’s name, relationship with the nominee, and nominee’s birthday date. You can wait until after the nomination.
- Nominee’s name
- Relationship with the nominee
- Nominee’s birthday date
Step 6: occupation, employee details, annual income, then click no on the “factca card declaration” option below and click on the next option.
- Occupation
- Employee details
- Annual income
- “factca card declaration”
Step 7: Next you have to choose the bank type. There are many types of bank accounts. Click on Zero Balance Savings Account below.
- Zero Balance Savings Account
Step 8: Then turn on the Debit card option. Turns on the Checkbook option for the checkbook. Then in which bank will you open an account?
The branch must be chosen. State, City, Select Branch. After entering, your dream branch address will show and then you click on the next option.
- Debit card option
- Checkbook option
- State
- City
- Select Branch
Step 9: Then you can add some money to your account. Then you click Next. All your account details will show in front of you. You will see it well. See after me click on the box in terms and conditions and click on proceed option.
- Add some money
- Next
- Box
- Proceed option
Step 10: Now the option of video KYC will show in front of you. You need to video KYC everything in your bank through Video KYC.
You can also do it after video KYC. You have to choose the date and time for that. Then click on Confirm option.
- Video KYC
- Choose the date and time
- Confirm
Then an SMS will be sent to your mobile number. There will be a time and date for video KYC.
Now your AU small finance bank zero balance savings account is completely ready. Then you can manage your account through this AU 0101 digital banking mobile app.
FAQS
What is the minimum balance requirement in a Savings Account?
The minimum balance requirement for a savings account can vary depending on the bank or financial institution that offers the account. Some banks may not require a minimum balance, while others may require a minimum balance of a few hundred dollars or more.
In some cases, banks may offer tiered interest rates based on the account balance, so maintaining a higher balance can result in a higher interest rate. Additionally, some banks may charge fees if the account balance falls below the minimum balance requirement.
It’s important to check with the specific bank or financial institution to determine their minimum balance requirements for their savings accounts. More Information
What are the different types of Savings Account?
Savings accounts are a type of bank account that allows individuals to deposit and save money while earning interest. There are several types of savings accounts available, including:
Regular savings account: A standard savings account that offers a low-interest rate and allows individuals to deposit and withdraw funds as needed.
High-yield savings account: A savings account that offers a higher interest rate than a regular savings account. This type of account usually requires a higher minimum balance and may limit the number of withdrawals per month.
Online savings account: A savings account that is opened and managed entirely online. Online savings accounts often offer higher interest rates than traditional savings accounts.
Money market account: A type of savings account that offers a higher interest rate than a regular savings account and allows individuals to write checks or use a debit card to access their funds. Money market accounts usually require a higher minimum balance than regular savings accounts.
Certificate of deposit (CD): A type of savings account that requires individuals to deposit a fixed amount of money for a fixed period of time. CDs typically offer higher interest rates than regular savings accounts, but penalties may apply if the funds are withdrawn before the CD’s maturity date.
Each type of savings account has its own features, benefits, and drawbacks. It’s important to carefully compare different accounts to find the one that best fits your financial goals and needs. More Information
How Can I Open a Zero Balance Account?
Opening a zero balance account is a simple process and can be done through various banks and financial institutions. Here are the steps you can follow:
Choose a bank or financial institution that offers a zero balance account. Check the features and benefits offered by different banks and choose the one that suits your needs.
Visit the nearest branch of the bank or financial institution with your identification documents. You will need to provide documents such as an Aadhaar card, PAN card, passport, or voter ID card to complete the Know Your Customer (KYC) process.
Fill up the account opening form with all the required details. You may also be required to provide additional details such as your address, contact details, and occupation.
Once you have submitted the application form along with the required documents, the bank will verify your details and activate your account. The bank may issue a debit card or ATM card to you which can be used to withdraw money from ATMs.
Some banks may require you to maintain a minimum balance in the account after a certain period. Make sure you understand the terms and conditions before opening the account.
In conclusion, opening a zero balance account is an easy process and can be done quickly by following the above steps. Make sure to choose a bank or financial institution that meets your requirements and offers good features and benefits.
What Is a Zero Balance Account?
A zero balance account (ZBA) is a type of bank account where the balance is maintained at zero most of the time, and any funds that are deposited into the account are automatically transferred to another account or used to pay outstanding balances.
ZBAs are commonly used by businesses to manage their cash flows more efficiently. Instead of keeping funds in separate accounts, businesses can use a ZBA to consolidate their cash balances and make payments or transfers as needed, without having to manually transfer funds between accounts.
ZBAs can be set up as checking or savings accounts, and they may be linked to other accounts or credit lines to ensure that there are always funds available to cover transactions. They can also be used to monitor and control cash disbursements more closely, helping businesses to reduce the risk of fraud or unauthorized spending.
Overall, a zero balance account can provide businesses with greater flexibility and control over their cash management, making it easier to optimize cash flow and reduce transaction costs.
How to open a savings account?
Opening a savings account is a relatively simple process that can usually be done online or in-person at a bank or credit union. Here are the general steps to follow:
1. Research and choose a bank or credit union: Look for a bank or credit union that meets your needs, such as location, interest rates, fees, and services.
2. Gather necessary documents: You’ll need to provide personal information, such as your name, address, date of birth, Social Security number, and a valid form of identification, such as a driver’s license or passport.
3. Fill out an application: You can usually find a savings account application online or in-person. Provide the required information, including your personal details, employment status, and financial information.
4. Deposit funds: Some banks or credit unions require an initial deposit to open a savings account. The amount required can vary, so be sure to check beforehand.
5. Agree to terms and conditions: Read the terms and conditions carefully before signing up for a savings account. This will include information about fees, interest rates, and other account details.
6. Submit your application: Submit your application either online or in-person, and wait for approval. Once your account is approved, you will receive your account information and can start making deposits and managing your account.
Remember, it’s important to read the fine print before opening a savings account, as there may be fees or other requirements you need to know about.
