Quick Answer: Which Bank Is Best For Zero Balance Account 2020?

Can I open a zero balance account in HDFC Bank?

In order to encourage people to make savings and open a Savings Account for this purpose, banks also provide a zero-balance saving account.

You can open a Savings Account, but you don’t have to maintain a minimum balance for it..

Which bank is best for saving money?

Absa, Standard Bank, and Nedbank in turn offer the lowest minimum deposits, but also have the lowest interest-earning potential. When considering the minimum deposit fees across the open and fixed savings account options we can conclude that fixed-term savings accounts offer the better interest rates.

What is the minimum balance in Emirates NBD current account?

3,000A minimum balance AED 3,000 has to be maintained across all accounts held by you in the Bank.

Which is the best bank to open account?

Best Savings Bank Accounts You Can Consider Opening In 20191.Digibank 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.Conclusion.

Which bank is safest in India?

List of Best, Safe Banks in India1) HDFC Bank. If market confidence is a measure of the soundness of a Bank, then HDFC Bank takes the cake. … 2) State Bank of India. … 3) ICICI Bank. … 4) AXIS Bank. … 7) Kotak Mahindra Bank, IndusInd Bank.

Can I open HDFC account online?

Apply online. Yes, it is true, you can open a Savings Account All you really need is your mobile number, to initiate the process. In fact, the procedure does not vary much. You simply upload your form and documents online, instead of going to the bank yourself.

Which bank is better in UAE?

List of Top 10 banks in UAEBankPopular accountBranches & ATMS in UAEEmirates NBDEmirates NBD Savings account33 Branches and 1081 ATMsADCBADCB Savings account72 Branches & 450 ATMsEmirates IslamicKunooz Savings account50 Branches & 39 ATMsDIBDIB Savings account90 Branches & 520 ATMs6 more rows•Dec 3, 2020

Which bank is best for zero balance account?

8 Best Zero Balance Savings Account In IndiaIDFC First Bank Pratham Savings Account. … YES Bank Smart Salary Advantage. … IndusInd Bank-Indus Online Savings Account. … DBS-DigiSavings. … Kotak Mahindra Bank-811 Digital Bank Account. … HDFC Bank – Basic Savings Bank Deposit Account. … SBI – Basic Savings Bank Deposit Account. … Standard Chartered Basic Savings Bank Deposit Account.

Which bank is best for zero balance account in UAE?

Zero Balance Accounts in UAEAccount NameInterest Rate(p.a.)Minimum SalaryCommercial bank of Dubai(CBD) ESaver Account1.50%AED 5000ADCB Active Saver Account1.30%NAFAB iSave Account1.30%NARAK Bank Fast Saver Online Account0.50%NA3 more rows

What is minimum balance in HDFC Bank?

For savings account in metro cities, HDFC Bank may charge you as much as 600 rupees for not maintaining the minimum balance. With service Tax and other cess, the amount is more than Rs 600. The minimum balance limit in case of HDFC Bank is Rs 10,000 for urban branches and Rs 5,000 for semi-urban branches.

Which is the No 1 bank in India?

HDFC Bank: HDFC Bank has been ranked India’s No. 1 Bank in forbes’ world’s Best bank report. It has 88,253 permanent employees as of 31 March 2018 and has a presence in Bahrain, Hong Kong and Dubai. HDFC Bank is India’s largest private sector lender by assets.

Which account is best in HDFC Bank?

HDFC Bank Savings Account Interest Rates & Minimum Balance Required Updated on 2020Types of Savings AccountInterest RateMinimum Balance RequiredKids Advantage Account4.00%INR 5,000Senior Citizens Account4.00%INR 5,000Family Savings Group Account4.00%INR 40,000Basic Savings Bank Deposit Account4.00%Not Required5 more rows

What is the minimum salary to open bank account in UAE?

AED 5000Ans: The minimum salary requirements differ for every bank. However, most banks require a minimum salary of AED 5000 to open a salary account in the UAE.

Which bank has lowest minimum balance?

ICICI Basic Savings Account.HDFC BSBDA Small Savings Account.SBI Basic Savings Bank Account.Axis Bank Small Basic Savings Account.Indus Small Savings Account.Standard Chartered Bank’s Basic Banking Account.RBL Bank’s Abacus Digital Savings Account.IDFC Bank Pratham-savings account (BSBDA)

What happens if I don’t maintain minimum balance in HDFC?

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.