Savings Account Interest Rate Of Top Banks In India

There are several public and private sector banks that have been providing zero balance savings accounts to the customers. Using the savings account interest rate on your deposit amount you can save and use the money when you need it. The easiest and errorless method to save your money. Some of the top bank savings accounts are mentioned in the given article. Read this article to know the zero balance savings account interest rate and minimum required balance, maintenance charge, etc. 

Top Bank Savings Account

You can make savings beneficial with the below mentioned zero balance savings account.

Axis Bank ASAP Instant Savings Account: You can apply for a zero balance account from Axis Bank as it offers 7.25% savings account interest rate on your deposited amount. For the initial deposit you are required to submit INR 10,000. There is no minimum balance required for the ASAP instant savings account. To get the ASAP savings account you just need to submit your PAN and Aadhar details by using the Axis Bank mobile banking app or online banking services. 

Kotak 811 Zero Balance Savings Account: Make more out of your savings with Kotak zero balance account. You are not required to maintain a minimum balance to keep the account active and can earn 6% per annum interest rate. And, with the auto-sweep facility, you can simply convert your funds into a fixed deposit. Using the scan and pay feature you can pay for your daily expenses using the virtual debit cum ATM card. 

SBI Basic Savings Bank Deposit Account: The largest public sector bank SBI also provides a zero balance account with an interest rate of 3% to 3.25% on your savings. You can apply for a BSBD savings account by going to your nearest SBI branch. There is no maximum limit in SBI BSBD zero balance account and also the bank doesn’t require a minimum balance. You can save as much as you can and make 4 withdrawals every month using the SBI debit cum ATM card.

How to apply for a zero balance savings account and what are the required documents?

You can apply for a savings account by visiting your bank branch or official website. Axis Bank and Kotak Mahindra Bank provide digital banking services for instant account opening. You aren't even required to do any paperwork and can get your Zero balance account within a second. Just share your Aadhar and PAN number with the bank and get the zero balance account instantly. 
The account holder will get free passbook with their savings account and can apply for a physical debit card by paying a charge of INR 200 to 300. So, make your savings more beneficial with high savings account interest rate on the deposit amount. Now, make your savings with the mentioned zero balance savings account of top banks and get a high-interest rate, attractive FD offers on your savings, free movie vouchers as per the terms and conditions and more. Savings have become more attractive with the zero balance and effortless banking services.