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

An ICICI Zero Balance Account allows eligible customers to open a savings account without maintaining a minimum balance. The ICICI Bank Zero Balance Account can be opened online with a paperless process, subject to the bank's eligibility criteria.

What is an ICICI Bank Zero Balance Account?

ICICI Bank offers a zero-balance savings account that lets eligible customers enjoy banking services without the requirement to maintain a minimum average balance.

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:

• Applicants must be an Indian citizen and be at least 18 years old.
• Applicants must not possess any savings account with ICICI, including a BSBDA.
• Applicants must not have a BSBDA with any other bank.
• Ensure that the Applicants are applying in their 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, 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?

Currently, ICICI Bank does not support online account opening for BSBDA. Here is a process to easily open an ICICI Bank zero balance account:

Step 1: Visit the nearest ICICI Bank branch in person.

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.

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.
• Initial deposits are not required while opening the bank account
• Provides the opportunity to hold either a single account or a joint account.
• Applicants can enjoy the convenience of a free Rupay Debit Card.
• Cash deposits are free of charge.
• Applicants will receive a free passbook for your account.
• Applicants will get a free Rupay Debit Card facility.
• Upon request, applicants 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.

Final Word

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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