Do you want to open a bank account but don’t have enough money to maintain a minimum balance? Do you want to earn interest on your savings and enjoy various benefits without paying any charges? If yes, then you might be interested in the ICICI Bank Zero Balance Account.
What is a Zero Balance Account?
A zero balance account is a type of savings account that does not require you to keep a minimum amount of money in it. You can deposit and withdraw money as per your needs without worrying about any penalty or fee. A zero balance account is also known as a basic savings bank deposit account (BSBDA).
Why Choose ICICI Bank Zero Balance Account?
ICICI Bank is one of the leading private sector banks in India, offering a range of banking products and services to its customers. ICICI Bank Zero Balance Account is a special savings account that offers you many advantages, such as:
- You can open the account online in just 3 steps, by providing your basic details, Aadhaar number, and completing a video KYC.
- You can earn an interest of 3.00% to 3.50% per annum on your deposit amount, depending on the balance in your account.
- You can get a free debit card with a daily spending and withdrawal limit of Rs. 10,000 each.
- You can access your account through online banking, mobile banking, ATM, or branch.
- You can enjoy various services like cheque book, demand draft, statement, passbook, SMS alerts, etc. without any charge.
- You can also avail of other products and features offered by ICICI Bank, such as online trading, demat account, pre-approved loans, credit cards, insurance, etc.
What are the Benefits of ICICI Bank Zero Balance Account?
ICICI Bank Zero Balance Account is a great way to save money and enjoy various benefits, such as:
- You can save money without worrying about maintaining a minimum balance or paying any charges.
- You can earn interest on your savings and grow your money over time.
- You can access your money anytime and anywhere through various channels.
- You can get a free debit card and use it for shopping, paying bills, etc.
- You can avail of other banking products and services offered by ICICI Bank and enhance your financial well-being.
How to Manage Your ICICI Bank Zero Balance Account?
Managing your ICICI Bank Zero Balance Account is very easy and convenient. You can use the following methods to access and operate your account:
- Online Banking: You can log in to your online banking account using your user ID and password, and view your account balance, transactions, statements, etc. You can also transfer funds, pay bills, recharge, invest, and do much more.
- Mobile Banking: You can download the iMobile Pay app on your smartphone and enjoy banking on the go. You can check your account details, scan and pay, send money, book tickets, and avail of various offers and discounts.
- ATM/CRM: You can use your free debit card to withdraw cash or deposit cash at any ICICI Bank ATM or Cash Recycler Machine (CRM) across India. You can also check your balance, mini statement, and PIN change at the ATM.
- Branch: You can visit any ICICI Bank branch and get assistance from the staff for your banking needs. You can also use the passbook facility to update your account transactions.
What are the Eligibility Criteria and Documents Required for ICICI Bank Zero Balance Account?
To open an ICICI Bank Zero Balance Account, you need to meet the following eligibility criteria:
- You should be an Indian resident
- You should be above 18 years of age
- You should have a valid Aadhaar number
- You should not have any other savings account with ICICI Bank
To open an ICICI Bank Zero Balance Account, you need to provide the following documents:
- Aadhaar card
- PAN card (optional)
- Passport size photograph
What are the Features of ICICI Bank Debit Card?
ICICI Bank Zero Balance Account comes with a free debit card that you can use for various purposes, such as:
- You can withdraw cash from any ICICI Bank ATM or Cash Recycler Machine (CRM) across India without any charge.
- You can also use your debit card at any other bank’s ATM for free up to four times in a month.
- You can shop online or offline at millions of merchants that accept Visa cards and enjoy discounts and offers.
- You can also use your debit card for contactless payments by tapping it on the POS terminal or scanning the QR code.
- You can secure your debit card transactions with a PIN or an OTP, and also block or unblock your card through online banking or mobile banking.
How to Apply for ICICI Bank Zero Balance Account?
Applying for ICICI Bank Zero Balance Account is very easy and convenient. You can follow these steps:
- Visit the ICICI Bank website and click on ‘Open an Account’.
- Enter your basic details like name, date of birth, etc. and submit.
- Upload scanned photo and signature as required.
- Provide your contact details and email address.
- Authenticate your Aadhaar number and complete a video KYC.
- Your account will be opened instantly and you will receive a confirmation message.