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

ICICI Bank zero balance account is a type of savings account that allows users to open and operate an account without maintaining a minimum balance. The ICICI zero balance account, offered as a Basic Savings Bank Deposit Account (BSBDA), comes with free ATM access, passbook, and net banking options. Through the ICICI bank account opening zero balance facility, eligible individuals can open an account either online or offline without any initial deposit.

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.

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.

How to Open an ICICI Bank Account With Zero Balance?

Currently, ICICI Bank primarily supports offline account opening for BSBDA. However, digital onboarding for other zero balance products (e.g., Insta Save) may be available temporarily. 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.

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.

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 Account Helpline

To inquire about your ICICI Bank Zero Balance Account or for any related queries, please contact their customer care at 1800 1080.

ICICI zero balance account offers a free Rupay Debit Card, access to services like passbook, internet banking, and mobile banking, etc. The ICICI bank account opening zero balance facility makes it easier for individuals to start their banking journey with minimum documentation and zero deposit. 

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