Zero Balance Account - Niteesh Portfolio

What is a Zero Balance Account?

A Zero Balance Account is a special type of savings account that requires no minimum balance to be maintained. It's designed specifically for students and young individuals who are beginning their financial journey.

💰

No Minimum Balance

Maintain any balance without penalties

🎓

Student Friendly

Designed specifically for students

🏦

Banking Access

Full digital and branch banking facilities

💳

Debit Card

Free debit card for transactions

Key Benefits for Students

Learn financial management from an early age
No charges for non-maintenance of minimum balance
Access to mobile and internet banking
Free ATM card for cash withdrawals
Build banking relationship for future needs
Receive scholarships and educational funds directly
Online transaction facilities
Financial literacy through banking experience

How to Open a Zero Balance Account

Opening a zero balance account is simple and requires minimal documentation:

Required Documents:

• School/College ID Card
• Aadhaar Card
• PAN Card (if available)
• Passport-size photographs

Most banks offer zero balance accounts specifically for students. Popular options include:

• SBI Student Savings Account
• HDFC Kids Advantage Account
• ICICI Bank Young Stars Account
• Axis Bank Future Stars Account

Ready to Start Your Financial Journey?

Get guidance on opening your first bank account

Get Free Consultation