Question: Can I Open Zero Balance Account In HDFC Bank?

Which bank is best for zero balance account?

8 Best Zero Balance Savings Account In IndiaIDFC First Bank Pratham Savings Account.

YES Bank Smart Salary Advantage.

IndusInd Bank-Indus Online Savings Account.

DBS-DigiSavings.

Kotak Mahindra Bank-811 Digital Bank Account.

HDFC Bank – Basic Savings Bank Deposit Account.

SBI – Basic Savings Bank Deposit Account.

Standard Chartered Basic Savings Bank Deposit Account..

Can we open zero balance account now?

Following the RBI mandate, Basic Savings Bank Deposit Account or BSBDA is now offered by all banks. A BSBDA has no minimum balance requirement and the customers are offered debit card.

Which bank has lowest minimum balance?

ICICI Basic Savings Account.HDFC BSBDA Small Savings Account.SBI Basic Savings Bank Account.Axis Bank Small Basic Savings Account.Indus Small Savings Account.Standard Chartered Bank’s Basic Banking Account.RBL Bank’s Abacus Digital Savings Account.IDFC Bank Pratham-savings account (BSBDA)

Which bank is better Kotak or HDFC?

Summary of Comparative Analysis of Top four Private Banks Thus, HDFC Bank leads the pack w.r.t Cost to Income Ratio, Gross NPA, Net NPA and Provision Coverage Ratio. Kotak Mahindra Bank has highest Net Interest Margin, Capital Adequacy Ratio and CASA Ratio, while ICICI bank has highest share of retail loan book.

Which savings account is best in HDFC?

HDFC Bank Savings Account Interest Rates & Minimum Balance Required Updated on 2020Types of Savings AccountInterest RateWomens Savings Account4.00%Kids Advantage Account4.00%Senior Citizens Account4.00%Family Savings Group Account4.00%5 more rows

What is average monthly balance HDFC?

HDFC BankBranch typeAverage monthly balanceUrbanRs. 10,000Semi-urbanRs. 5,000RuralRs. 2,500(Source: hdfcbank.com)1 more row•Feb 11, 2019

What is minimum monthly balance?

Monthly Average Balance (MAB), also known as the minimum average balance is nothing but the minimum amount you are required to maintain in your Savings Account every month. The figure is calculated at the end of each month and failure to maintain this minimum average balance will result in penalties.

What is the minimum balance in HDFC Bank?

For regular savings accounts held in HDFC Bank’s metro and urban branches, the customer is required to maintain an average monthly balance of ₹ 10,000 to avoid penalty charges, according to the lender’s website – hdfcbank.com. In semi-urban branches, an average of ₹ 5,000 is required.

Is HDFC Bank Safe?

HDFC Bank has a secure banking policy to protect you while your perform banking transactions online. At HDFC Bank, we strive to give you a secure online banking experience. Learn all about banking online safely, and the measures we take to protect you here.

Which bank is safest in India?

List of Best, Safe Banks in India1) HDFC Bank. If market confidence is a measure of the soundness of a Bank, then HDFC Bank takes the cake. … 2) State Bank of India. … 3) ICICI Bank. … 4) AXIS Bank. … 7) Kotak Mahindra Bank, IndusInd Bank.

Which bank is best HDFC or Icici?

FinancialsEQUITY SHARE DATAHDFC BANK/ ICICI BANKHighRs237.4%LowRs260.3%Income per share (Unadj.)Rs169.3%15 more rows

Can we open zero balance account in HDFC Bank?

HDFC Bank zero balance savings account can be opened by any resident individual who is not having an existing relationship with the bank and do not have complete KYC. A zero balance basic savings account can be opened with HDFC Bank which will have certain transactional and operational limits.