Best Zero Balance Savings Account in India 2026
Several major banks offer zero-minimum-balance savings accounts: Kotak 811 (digital), IDFC First FIRST Smart (digital), SBI BSBD (basic), PNB (basic savings), Bank of Baroda (basic savings). For the best of both worlds (zero balance + high interest), IDFC First Bank is the top pick at 6% interest with no minimum balance requirement.
Last updated: April 6, 2026
Best Savings Account Banks — Ranked April 2026
#1Best pick
IDFC First6.00%
Zero balance + highest interest = unbeatable combination
#2
Kotak3.50%
811 — fully digital, zero balance, great app
#3
Yes Bank4.00%
Digital-first with good interest rate
#4
SBI2.70%
BSBD account — widest branch/ATM network in India
#5
PNB2.70%
Basic savings — good for rural and semi-urban areas
Frequently Asked Questions
Which bank has zero minimum balance in India 2026?+
Kotak 811, IDFC First FIRST Smart, SBI BSBD (Basic Savings Bank Deposit), PNB basic savings, and Bank of Baroda basic savings all have zero minimum balance requirements.
Is Kotak 811 better than IDFC First savings account?+
IDFC First offers 6% interest vs Kotak 811 at 3.50%. IDFC First wins on returns. Kotak 811 wins on brand trust and longer track record. Both are zero-balance digital accounts.
What are the disadvantages of zero balance account?+
Limited features (no overdraft, restricted transactions per month), lower interest rates (for basic savings), and limited international transactions. Upgrade to a regular savings account when your income grows.
Disclaimer: Rates are indicative as of April 2026 and subject to change. This is for informational purposes only. Verify with the bank before making financial decisions.