SBI (State Bank of India) increased the minimum balance to 5000 after the note-offs, but recently the State Bank had reduced it to 3000 rupees, but despite its bank there are many things on which many service charges charge but today we Can you tell us that you can open an account at Zero balance in State Bank? The bank charges the name of the MAB (Monthly Hourly Balance) or on the name of the debit card issuance fee or the closure of the account, but tell that the Zero-Balance Account meets all the banking requirements and the bank will meet you Can not charge kind of charge. Explain that customers can open Zero balance account not only in SBI but also ICICI and HDFC Bank. These banks have a BSBD (Basic Savings Bank Deposit) account which allows you to keep your money without any burden of fees or fees.
Open such Zero balance account
For the information of the people, tell them that zero bank accounts are available only to the poor people in these three banks, but any person can open this account. If you also want to open Zero balance account in SBI, ICICI and HDFC Bank, then you must have only verified KYC documents. State Bank also lets you open an online account.
The advantage of ZeroBalance Account
The biggest advantage of Zero balance account is that it is not necessary that you will be able to open an account if you have money, you can operate this account with zero balance, you can operate on single, joint or any nominee, earlier nominee. Are there. Now, in your january, the question is going to be that, what is the interest rate on zero balance account, then tell you that interest rates on these accounts get equal to any normal bank account. You can earn 3.5% interest on deposits of less than Rs 1 crore in Zero Balance Account.
Keep this thing special
One thing that you have to keep in mind while opening Zero balance account and afterwards, is that there should be no other savings account in your bank. If you have an account then it needs to be closed within 30 days. One more thing to note is that the Zero balance account is exempt from the branch for just 4 Vidarvals.