Quick Answer: Which Bank Has Lowest Minimum Balance?

Which bank is best for zero balance account?

Top Zero Balance Savings Account 2020Top Zero Balance Savings AccountAccount NameInterest Rate (up to Rs 1 lakh)Standard Chartered Bank Aasaan3.25%HDFC Bank BSBDA3.25%State Bank of India BSBDA2.75%5 more rows•Jan 21, 2020.

In which bank we can open zero balance account?

As the name suggests, in a zero balance saving account, customers are not required to maintain any minimum average balance, unlike a normal bank account. From state-run State Bank of India (SBI) to ICICI and HDFC Bank all banks offer the option of opening a zero balance savings account these days.

Which bank saving account is best?

Best Savings Bank Accounts You Can Consider Opening In 2019Digibank by DBS.Kotak 811 Edge.SBI Digital and Insta Savings Account. SBI Insta Savings Account.Federal Bank Fedbook Selfie Account.Axis Bank ASAP Online Savings Account.HDFC Savings Max Account.

What is a minimum balance fee?

One of the most annoying bank fees to contend with is the minimum balance fee. Also called monthly maintenance fees, these charges are added on when your balance dips below an amount specified by the bank.

Which bank has lowest monthly fees?

Basic Checking Account Fees at Top BanksAccountMonthly FeeMinimum Balance to Waive FeeCapital One 360 Checking® Account$0$0TD Convenience Checking$15$100BB&T Bright Banking$12$1,500SunTrust Essential Checking$7$5007 more rows•Jul 23, 2020

What is the minimum amount for saving account?

It added that the charges on maintaining AMB are now waived off on all 44.51 crore SBI savings bank accounts. Currently, SBI savings bank account customers need to maintain an average monthly balance of Rs 3,000 in metro, Rs 2,000 in Semi urban and Rs 1,000 in rural areas.

Which bank is best?

Top 10 Banks in IndiaRankBank1.HDFC Bank2.Axis Bank3.IDFC Bank4.State Bank of India7 more rows

Which bank has free checking?

Summary of our top free checking accountsAccount nameMinimum opening depositMonthly service feeAlly Bank$0NoneCapital One$0NoneDiscover Bank$0NoneFNBO Direct$1None1 more row•Jul 9, 2020

Can you open a bank account with no money?

Can you open a bank account with no deposit or minimum balance? If you’ve been following along so far you probably know that yes, you can open a bank account with no money. You can also do this without adhering to a minimum balance requirement. Yet, not all bank accounts are created equal.