HDFC Bank Zero Balance Account Online: How to Open, Eligibility & Charges

HDFC Bank provides the ease of a Zero Balance Savings Account, allowing users to maintain a savings account without any minimum balance requirement.This account is designed to cater to individuals looking for a hassle-free banking experience. With no minimum balance requirement, it makes banking accessible to all, regardless of income or financial situation. In this guide, you’ll find detailed insights into the account's features, the simple process of opening the account, and other key benefits to help you make an informed decision.

What Is HDFC Bank Zero Balance Account?

An HDFC Bank Zero Balance Account, also referred to as a Basic Savings Bank Deposit Account (BSBDA), is a type of savings account that doesn’t require maintaining a minimum balance. This feature eliminates the worry of incurring penalties for a zero balance or dipping below a specified threshold. It is tailored for individuals who seek a hassle-free banking experience, offering simplicity and ease without the need for constant balance monitoring.

How to Open an HDFC Zero Balance Account Online?

Follow the steps outlined below to perform the HDFC zero balance account opening online process:

• Step 1: Visit the official HDFC Bank website
• Step 2: Upload necessary documents
• Step 3:  Complete your KYC online via a video call.
• Step 4: HDFC Bank will verify your details and documents within 2-3 business days.

After receiving your customer ID and account number, you can log in to HDFC Bank's net banking portal to create a password and enjoy secure online banking services.

Types Of HDFC Bank Zero Balance Accounts

The following is a list of different types of HDFC Bank zero balance accounts;

Basic Savings Bank Deposit Account (BSBDA)
A BSBDA is a type of savings account that does not require maintaining a minimum balance. With BSBDA, you can access several banking facilities across various ATMs and branches. Enjoy benefits such as a free passbook, debit card, 25 cheque leaves, and email statements.

Salary Account
A salary account is opened by companies to manage employee salary distribution efficiently. No minimum balance is required in this account. On payday, the bank transfers funds from the company’s account to yours.

Benefits Of HDFC Bank Zero Balance Account

Here are the benefits you can enjoy with an HDFC Bank zero balance account:

• No minimum balance: No charges for not maintaining a minimum balance.
• Convenient transactions: Easy access to bill payments, transfers, and online transactions.
• Mobile and Internet banking: Manage your account, check balances, and view statements easily.

HDFC Bank Zero Balance Account Eligibility Criteria

To qualify for a zero balance saving account in HDFC, you must fulfil the following eligibility criteria:

• You must be at least 18 years old and a resident of India.
• KYC documentation or completion of Form 16 is necessary.
• You must not hold a zero-balance account with any other bank.
• Any existing savings account with HDFC Bank must be closed.
• If you are a minor aged 10 years and above, you can open a self-operated minor account.

HDFC Bank Zero Balance Account Documents Required

You need to submit the following documents to open an HDFC Bank zero balance account:

• Identity Proof: Aadhaar card, PAN card, passport, ration card, etc.
• Address Proof:Voter ID card, passport, driving licence, Aadhaar card, etc.
• Duly-filled HDFC Bank zero balance account application form.
• Your recent passport-size photographs.  
• Proof of employment.

HDFC Bank Zero Balance Account Charges

HDFC Bank's Zero Balance Savings Account provides flexibility with no minimum balance requirement. While there are no penalties for a zero balance, certain fees apply for services like debit card transactions, ATM withdrawals, and cheque book issuance. Understanding these charges helps customers make informed choices, ensuring they benefit from the account while managing costs efficiently.

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