How To Open a Zero-balance Account Online in Just 5 Minutes
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Current banking practices do not require you to visit the branch physically by filling out all the paperwork and standing in long queues for bank account openings anymore. Modern times require one to conduct all transactions digitally.
In today’s digital age, all transactions can be handled online with ease. You can now open a Zero-balance account from the comfort of your home in just minutes—no minimum deposit, no paperwork, and no hassle.
What Is a Zero-balance Account?
A Zero-balance Account is essentially a kind of Savings Account where you do not need to keep a minimum balance. It is advisable for students, salaried individuals, or those looking to avoid hassles in the banking system.
When you open a bank account online, you shall be accorded all facilities that come with ordinary account savings such as a debit card, internet banking, and UPI transactions, without bothering about maintaining a certain level of balance.
Steps to open a Zero-balance Account online
Zero-balance account opening online is very simple. Just get your internet connection to be stable first, and come along with a smartphone or a personal computer and a few documents. The following is the process:
Go to the bank's website or mobile app
Again, start with the bank's official website or download its mobile banking app. Almost all of them have a special section for account opening, so you can quickly find your way around.
Select the 'Zero-balance Account' option
Now that you've reached the account opening page look for the option to open a Zero-balance Account online. Click on this section and go to the next step.
Enter your personal information
Some basic information that will be asked includes:
- Complete name
- Date of birth
- Mobile number
- Email id
- PAN and Aadhaar number (for KYC verification)
Make sure all your details comply with your actual documents to avoid any delays during verification.
Complete the KYC process
Most of the banks now offer e-KYC where you can verify and complete the Know Your Customer (KYC) process online and by not visiting the branch. You need to input details of your UID number and authenticate through OTP sent to the mobile number with which you registered.
Internet banking & mobile banking setup
After verification of your KYC, the next step during Zero-balance Account opening online is the completion of internet and mobile banking login credentials; it helps you to conduct account management, financial transactions, and banking services online.
That's it! Your account is ready!
Now you can utilize your right to initiate UPI transactions, shop online, or set up auto-payments.
- Advantages of Zero-balance Account opening online
- There is no requirement for minimum balance maintenance;
- Allows easy online transactions by educating all regarding UPI payments, net banking, or debit cards;
- An added feature where most banks offer a virtual or physical debit card to facilitate easy transactions;
- You can use your account at any time and from any place through its mobile app or website in compliance with your Zero-balance Account;
- It does not have any hidden charges, as most Zero-balance Accounts have zero maintenance charges.
Final thoughts
Opening a bank account has never been easier because you can complete the entire online process from opening a bank account online with just a few clicks; no more going to the nearest branch or processing a fat stack of paperwork. With a Zero-balance Account, you always have the option of a light, modern, and very flexible banking solution, ensuring you don't ever have to worry about maintaining a minimum balance.
Disclaimer: No Business Standard Journalist was involved in creation of this content
Topics : Current Account Deficit
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First Published: Apr 24 2025 | 12:36 PM IST
