🏦 Zero Balance / No Frill Account
Don’t have money to open a regular account? Don’t worry! We are here with our Zero Balance / No Frill Account facility designed especially for individuals with limited income. Open an account with no minimum balance requirement and enjoy basic banking services.
🎯 Purpose
This account is designed for persons who have very low or irregular income and are unable to maintain the minimum balance required in a regular savings account.
👥 Eligibility
- Persons with an income of ₹40,000 or above per year are eligible for opening this account.
- Application will be accepted after due verification and consultation with the applicant.
- No Cheque Book facility available.
- Only one withdrawal per week is allowed.
- Deposits (cash or draft) will be accepted as per the economic condition/income of the account holder.
- Photographs, identity proof, and an introduction will be required as per KYC norms.
- Maximum deposit limit in this account is ₹1,00,000 per year.
📄 Required Documents
- Two passport-size photographs
- Proof of residence (any one of the following):
- Passport
- Driving License
- Gas Bill / Telephone Bill / Electricity Bill
- Ration Card / Voter Identity Card
- Introduction from an existing account holder
💰 Minimum Balance
- Minimum Balance: ₹5/- only
⚙️ Charges
- No Charges applicable for this account.
** Terms & Conditions Apply **
For more information, please contact your nearest branch.