HDFC Bank is one of india’s Largest Private-Sector Banks, Offering a wide range of financial services such as retails banking, corporate banking, investement banking, and wealth management. it was founded in 1994 and headquartered in Mumbai, Maharashtra.
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What is Zero Balance Account ?
A Zero Balance Account is a Type of Bank account that does not require a minimum Balance to be maintained. this means that the account holder can have a balance of zero at any given time Without incurring penalties. Zero balance accounts are typically offered by banks to attract new customers, especially those who are looking for basic banking sevices without the need to keep a certain amount of money in the account.
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Eligibility Criteria for opening Zero Balance Account in HDFC Bank
- Age : Typically, individuals between the age of 18 and 65 years as eligible to open a zero balance account.
- Type of Customer : HDFC Bank offers Zero Balance Accounts to individuals, students, or certain types of goverment employees.
- Income Group : Zero Balance accounts are often targeted at low income customers or students who do not have a steady income to maintain a regular minimum balance.
- Customer catagory : Some Zero balance accounts may be available for specific government scheme or welfare benefits.
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Documents Required
- Identity Proof : Aadhaar card, Passport, Voter id card, PAN Card or Driving licence.
- Address Proof : Utility Bills ( electricity Bill, water ), Passport, bank passbook.
- Photographs : Passport sized Photo ( Usually 2-3 ).
- KYC ( Know Your Customer )
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Benefits of Zero Balance Account in HDFC Bank ?
- No Minimum Balance Requirement : You don’t need to maintain any minimum balance in the account.
- Basic Banking service : it provides access to essential banking services such as deposits, withdrawals, and fund transfers.
- ATM Access : You can use ATMs for transactions, often without any charges for a specified number of transactions.
- Free Service : Many banks offer free or low cost services for zero balalnce accounts, including mobile banking, online banking, and account maintenance.
HDFC Bank offers such accounts with specific conditions, so it’s worth checking the bank’s terms and conditions if you are interested in opening one.
How to Open a Zero Balance Account ?
Online Process
- First Go on this Link Click Here.
- click on “Open Instantly”.
- Enter some Details Such as.
- Aadhaar Linked Mobile No
- DOB
- PAN Number
- Full name
- Address
- Contact details.
- Occupation
- Date of Birth
- signature
- paste photo
- Submit Details
Offline Process
- Visit an HDFC Bank Branch
- Choose Zero Balance Account.
- Fill application form with own details such as”
- Full name
- Address
- Contact details.
- Occupation
- Date of Birth
- signature
- paste photo
- Submit kyc documents
- Receive Account details.
You will received a Welcome KIT at you home.
Congratulation : You have Successfully opened Bank account In HDFC Bank.
Conclusion
Opening a Zero Balance Account in HDFC Bank is a simple and convenient way to manage your finances without the sress of maintaining a minimum balance, whether you are a Student, low income individual, or someone new to banking, this account provides you with essential banking services at no extra cost.
Fequently Asked Question ( FAQ )
A Zero Balance Account allows you to open a bank account without the need to maintain a minimum balance. this account is designed for individual who do not have a steady income or prefer not maintain a specific balance.
Student, Low income individuals, Employe in some cases.
Yes !
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