Looking for the best zero balance savings account in India in 2025? Here’s a simplified list of top banks offering UPI, cashback, debit cards, and no minimum balance requirement. Ideal for students, freelancers, and low-maintenance users.
Gone are the days when opening a bank account meant tons of paperwork and maintaining a minimum balance. In 2025, many Indian banks are offering zero balance savings accounts with features like UPI, debit cards, mobile banking apps, cashback offers, and more — all with no hidden charges.
In this blog, we’ll simplify the best zero balance savings accounts available in India in 2025, compare their features, and help you choose the right one based on your needs.
What Is a Zero Balance Savings Account?
A zero balance savings account is a type of savings account where you are not required to maintain any minimum balance. You can use it just like a normal savings account – withdraw, deposit, pay bills, send UPI – but without the stress of penalties for low balances.
- ✅ No minimum balance penalty
- ✅ Free debit card (in most cases)
- ✅ UPI, IMPS, NEFT enabled
- ✅ Mobile app support
- ✅ Ideal for students, homemakers, gig workers, and freelancers
Best Zero Balance Savings Accounts in India – 2025 List
| 🏦 Bank | ⚙️ Key Features | 📲 UPI & Mobile App | 💰 Cashback/Offers |
|---|---|---|---|
| Axis ASAP | Instant online account, Virtual debit card | Yes | Cashback on UPI & card spends |
| SBI Basic Savings Account | Rupay card, PAN/Aadhaar based, All SBI branches | Yes | No cashback |
| ICICI Insta Save | Instant account, virtual debit card, no paperwork | Yes | ICICI offers occasionally on debit card |
| AU Small Finance Bank | High interest rate (up to 7%), free VISA debit card | Yes | Cashback on UPI & QR spends |
| IndusInd Digital Savings | 100% digital, free account, 6.75% interest | Yes | Cashback on spending via debit card |
Which One Should You Choose?
Here’s a simplified guide based on your profile:
- 👨🎓 Student or Gig Worker: Axis ASAP or AU Bank for cashback & app
- 👵 Homemaker or Elderly: SBI Basic Account (traditional support)
- 📱 Digital User: IndusInd or ICICI for fast setup and digital tools
- 📈 Want High Interest: AU Small Finance Bank
Documents Required to Open a Zero Balance Account
Most accounts can be opened with:
- ✅ Aadhaar Card
- ✅ PAN Card (or Form 60 if not available)
- ✅ Selfie or Live Video KYC (for online accounts)
Downloadable Freebie – Account Comparison PDF
Want to keep this comparison handy? Download our simplified PDF with all account features.
📥 Click here to download the Freebie
Final Thoughts
Zero balance accounts have changed the game for banking in India — now it’s more inclusive, digital, and user-friendly. Choose the right bank based on your lifestyle and start saving, spending, and managing money the smart way.
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