Best Savings Accounts: To save money, most of us consider which bank account is preferable. The primary problem arises when discussing a minimal balance, even though there are numerous solutions available. Different minimum balances are offered by banks, and these vary depending on the type of account. A student account or a salaried account is the ideal choice if you want a savings account with a low minimum balance or none at all. Still, read the entire post if you’re searching for the best savings accounts with a low minimum balance.

1. SBI Basic Savings Account:

There is no minimum balance requirement for the Basic Savings Bank Deposit Account offered by State Bank of India. It includes a debit card, digital banking capabilities, and free access to SBI’s vast branch and ATM network.

2. HDFC Bank EasySave Account:

HDFC’s EasySave account is designed for young professionals and first-time account holders. It requires a minimum balance as low as ₹1,000, offers net banking, and free mobile banking.

3. ICICI Bank Basic Savings Account:

ICICI gives you the best option for a savings account. You just have to maintain a monthly 1,000 rupees in your savings account. They provide you with debit card access, online banking, and easy money transfers.

4. Axis Bank ASAP Savings Account:

Axis Bank offers you an ASAP savings account with no minimum balance, and this is one of the best deals out there. They provide you with a zero balance, which includes free mobile banking facilities. Moreover, they provide you with doorstep services in most cities.

Also Read: RBI Offers Free Digital Banking to No-Frills Account Holders

5. Kotak 811 Savings Account:

Kotak 811 is an entirely digital savings account that requires no minimum balance. You can open it instantly via the app, enjoy zero charges on transactions, and access a range of digital banking services.

6. Punjab National Bank Basic Savings Account:

PNB’s low-balance account allows customers to maintain a minimum balance of ₹500. It comes with a debit card, passbook facility, and basic digital banking services.

These accounts are worth looking into if you want maximum convenience, minimum fees, and easy access. It is very tough to handle multiple accounts, but still you’re having any of these accounts is going to help you out with the best saving practices.

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