ICICI Bank Zero Balance Account Opening

ICICI Bank provides a hassle-free banking solution with different types of savings accounts that cater to various individuals’ needs. One such savings account is the ICICI zero balance savings account, which is ideal for individuals seeking to open a new bank account without the obligation of maintaining a minimum balance. 

ICICI Bank zero balance account offers convenient features and benefits, enabling you to enjoy seamless banking services without any initial deposit requirement. This article covers more about the ICICI zero balance account, its features, benefits and other crucial details.

What is an ICICI Bank Zero Balance Account?

ICICI Bank offers a zero-balance account for individuals who want to open a new bank account without maintaining a minimum average balance. Basic Savings Bank Deposit Account (BSBDA) is a zero-balance savings account offered by the ICICI Bank. This is a basic savings account designed to promote financial inclusion.

Features and Benefits of ICICI Zero Balance Account

The following are the features and benefits of opening an ICICI zero balance account:

• There is no need to maintain a minimum balance in your account.
• You do not have to make any initial deposit to open your account.
• It gives you the opportunity to hold either a single account or a joint account.
• You can enjoy the convenience of a free Rupay Debit Card.
• Cash deposits are free of charge.
• You will receive a free passbook for your account.
• You will get a free Rupay Debit Card facility.
• Upon request, you can avail of net banking and mobile banking services.

ICICI Bank Zero Balance Savings Account Eligibility

To open a zero balance savings account in ICICI Bank, you need to meet the following eligibility criteria:

• You must be an Indian citizen and be at least 18 years old.
• You must not possess any savings account with ICICI, including a BSBDA.
• You must not have a BSBDA with any other bank.
• Ensure you are applying in your individual capacity, not as the Karta of a HUF (Hindu Undivided Family).

Documents Required to Open ICICI Zero Balance Account

Here is a list of documents required for a zero-balance account in ICICI Bank:

• Proof of Identity: Passport, Aadhaar card, ration card, driving licence, or voter ID card.
• Proof of Address:  Voter ID card, PAN card, passport, Aadhaar card, or driving licence.
• A completed account opening form. A filled-out declaration form to open a zero-balance bank deposit account.
• Filled out declaration form for opening the BSBDA account as per the bank’s format. 
• Self-attested passport-size photographs along with your signature or thumbprint.

How to Open an ICICI Bank Account With Zero Balance?

Here is a process to easily open an ICICI Bank zero balance account online:

• Step 1: Make a physical visit to the nearest ICICI bank branch.
• Step 2: From the bank representatives, take the account opening application form for opening a savings account and fill it out with the required details. 
• Step 3: Submit the application form and documents to the bank representatives. 
• Step 4: The bank officials will verify the application and open the account.

The ICICI zero balance account caters to the financial needs of individuals who value flexibility and accessibility in their banking experience. With no minimum balance requirements and a straightforward online application process, it provides a convenient way to establish a new banking relationship. 

You can enjoy a range of features with the ICICI BSBDA, from free Rupay Debit Cards to the convenience of online banking services.

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