How much does it cost to open HDFC Bank account?
For instance, a minimum initial deposit of Rs 7500 for metro/urban branches, Rs 5,000 for semi-urban branches and Rs 2,500 for rural branches is required to open an HDFC Bank Regular Savings Account.
Therefore, you don't have to maintain a minimum balance. Consequently, there is no penalty in the case of zero balance. This is the main allure for customers when opening this type of account. You can make your payments through this account via various NetBanking facilities.
What is minimum balance in HDFC Bank?
Minimum Balance Requirements
The Bank of Baroda online account opening minimum balance can be Rs 500 or Rs 1000. The Bank of Baroda zero balance account comes with an interest rate of 2.75% to 3%. The Bank of Baroda account opening comes with the benefits of unlimited chequebook facility and free debit card.
Which bank account is cheapest?
Best no-fee checking accounts
There are free checking accounts that offer you a competitive APY and charge no fees. But you'll likely need to set up a direct deposit or make a certain number of debit card purchases to qualify for the higher APY. At some banks, both direct deposit and a minimum number of debit card purchases may be required.02-Dec-2022
Which bank has lowest minimum balance?
IndusInd Bank - Indus Online Savings Account Any Indian citizen above the age of 18 years is eligible to open this savings account with no minimum balance. Transfer funds for free via NEFT, IMPS, and RTGS. Avail of WhatsApp banking services and a free passbook, chequebook, and debit card.
Best Zero Balance Savings Account 2022
Which bank is best for savings?
The best savings accounts 2022
Does HDFC charges for low balance?
HDFC Bank charges a fee to the tune of ₹ 150-600 (excluding taxes) for insufficient balance in regular savings accounts held in its metro, urban and semi-urban branches.Rural Branches.
A minimum opening deposit is a certain amount of money—usually $25 to $100—that a bank or credit union requires you to deposit to open a checking or savings account. Some financial institutions do not require a minimum opening deposit.24-Nov-2021
Can I open 0 balance account?
Can we open a zero balance savings account? Yes, anybody can open a Bank of Baroda zero balance account.
RBL Bank's Digital Savings Account is the fastest, convenient and secured way of account opening online. All you need is your Aadhaar No. and PAN No. to open Savings Account and Savings + Fixed Deposit Account. The RBL Rise Savings Account gives you the power to rise above by achieving the best banking solutions.
What is minimum balance in SBI?
Minimum balance in SBI bank savings account 1000 monthly in rural areas. In semi-urban areas, the AMB is Rs. 2000, and in the metro city, the account holder has to maintain an AMB of Rs. 3000.06-Sept-2022
Summary: Best No-Fee Checking Accounts
Which is No 1 bank in India?
1. HDFC Bank
A monthly maintenance fee is a fee charged by a financial institution to a customer for utilizing a checking or savings account if certain requirements aren't met. This fee is typically withdrawn from your account each month automatically.26-May-2022
Is there a monthly fee for a bank account?
Banks charge monthly checking account maintenance fees that vary, from as little as $6 to as much as $15 per month, to account holders who don't meet minimum balance or monthly deposit requirements.14-Sept-2022
A savings account is a basic type of bank account that bears interest and allows you to easily deposit and withdraw money.
Which bank can open 0 balance account?
Axis Bank offers a Zero Balance Savings Account also called Basic Savings Account as part of the Pradhan Mantri Jan-Dhan Yojana Scheme. The account offers benefits such as free cash deposits, access to over 4000 Axis Bank branches and 14,000+ ATMs across India and Internet and Mobile banking services.
How much does it cost to open HDFC Bank account?