Which bank is best for zero balance account for students?

Which bank is best for student account?

Best Student Bank Accounts as of October 2021

  • Best Overall: Chase Bank College Checking Account.
  • Best For High School Students: Capital One MONEY Account.
  • Best For Encouraging Saving: Bank of America Advantage Banking.
  • Best Fee-Free Account: Discover Cashback Debit Account.

Which zero balance account is best for students?

8 Best Zero Balance Savings Account In India

  1. IDFC First Bank Pratham Savings Account. …
  2. YES Bank Smart Salary Advantage. …
  3. IndusInd Bank-Indus Online Savings Account. …
  4. DBS-DigiSavings. …
  5. Kotak Mahindra Bank-811 Digital Bank Account. …
  6. HDFC Bank – Basic Savings Bank Deposit Account. …
  7. SBI – Basic Savings Bank Deposit Account.

Is HDFC zero balance account available?

HDFC Bank zero balance savings account can be opened by any resident individual who is not having an existing relationship with the bank and do not have complete KYC. … HDFC Bank provides a Rupay ATM-cum-debit card to all the account holders of zero balance savings bank account.

Is Axis Bank good for students?

Axis Bank is also the best bank for students by helping them manage their funds without any hassle. … The bank will offer you a debit card that comes with an ATM limit of INR 40,000 per day and a shopping limit of INR 1 lakh. You will also get lost card liability and purchase protection cover worth up to INR 50,000.

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Which bank has zero balance?

Latest Interest Rate for Zero Balance Savings Account

Bank Name of zero-balance savings account Interest rate
Kotak Mahindra Bank 811 4% to 6%
Standard Chartered Bank Basic Banking Account 0.5% to 4.90%
HDFC Bank Basic Savings Bank Deposit Account 3.50% to 4%
Axis Bank Basic Savings Account 3.50% to 4%

Should I open a savings account as a student?

For college students that already live on a tight budget, a savings account is a must. Maintaining an emergency fund will help you through those unexpected situations in life like car repairs or medical bills. You never want to rely on high-interest credit cards or payday loans to get you out of financial trouble.

Which bank account is best?

Top Banks that have the Best Savings Account for Individuals

  • State Bank of India (SBI) Savings Account.
  • HDFC Bank Savings Account.
  • Kotak Mahindra Bank Savings Account.
  • DBS Bank Savings Account.
  • RBL Bank Savings Account.
  • IndusInd Bank Savings Account.

What is the minimum balance in HDFC Bank?

For regular savings accounts held in HDFC Bank’s metro and urban branches, the customer is required to maintain an average monthly balance of ₹ 10,000 to avoid penalty charges, according to the lender’s website – hdfcbank.com. In semi-urban branches, an average of ₹ 5,000 is required.

Is debit card good for students?

It can help you save money.

If you’re planning to start saving up a small portion of your baon every week, applying for a debit card might be a good place to start. This way, you’ll be less tempted to spend the money in your wallet.

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How do I get a student ATM card?

To get a student ATM card you need to open a savings account in any of the above banks of India. The minimum deposit to open a savings account would be Rs. 500 though most of the banks do allow to maintain the balance as 0 though there is minor fine being imposed if the balance goes down the minimum allowed.

Can a student get debit card?

As students are always on the run and are usually deprived to free time, this account and debit card gives them the freedom from visiting the bank branch for making transactions. Youth Debit Card: Youth Debit Card is offered to people between the age of 18 years to 25 years.