HDFC Zero Balance Account Opening Online

HDFC Bank offers a range of financial products and services, including the Zero Balance Savings Account. This account allows you to maintain a savings account without a minimum balance requirement. Read more to learn about the account features, the account opening process, and other important details.

What is an HDFC Bank Zero Balance Account?

HDFC Bank offers a zero balance account for individuals who prefer not to maintain a minimum balance. This account comes with various features and benefits, making it an ideal choice for those with fluctuating account balances. HDFC Bank provides a 3.5% p.a. interest rate for zero balance accounts up to Rs. 50 lakhs. For balances exceeding Rs. 50 lakhs, the interest rate increases to 4% p.a..

How to Open an HDFC Zero Balance Account Online?

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

• Go Online
  Visit the official HDFC Bank website on your mobile phone or laptop. Find the option to open an HDFC zero balance account and provide your details, such as name, date of birth, mobile number, and email address.
• Submit Your Documents
  When registering online, upload the necessary documents. Keep them handy, and be prepared to take photos for submission during the account opening process.
• Complete Video KYC
  Complete your KYC online via a video call by granting access to your location, camera, and microphone. Click on the 'Video KYC' button to finish your account opening.
• Verification and Activation Process
  HDFC Bank will verify your details and documents within 2-3 business days. Upon verification, you'll receive activation and login details via email or SMS. Your debit card will arrive within 15-25 days.
• Access Your Account
  Once you receive your customer ID and account number, you can transfer or deposit funds. Log in to Net Banking to create a new password. Enjoy the convenience of safe online banking services, including cardless cash withdrawals.

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 required: You will not face any charges or penalties for not maintaining a minimum balance in the account.
• Convenient transactions: You can access all banking services, including bill payments, money transfers, and online transactions in a hassle-free manner.
• Mobile and Internet banking facility: You can easily manage your account, check your account balances, and view statements using mobile and net banking services.

Eligibility Criteria to Open an HDFC Bank Zero Balance Account

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.

Documents for HDFC Bank Zero Balance Account

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.
• A filled-out HDFC Bank zero balance account application form.
• Your recent passport-size photographs.  
• Proof of employment.

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