ICICI Bank Zero Balance Account

ICICI Bank offers various types of savings accounts that suit the needs of its customers. One such account is the zero balance account or Basic Savings Bank Deposit Account (BSBDA)

Updated On - 05 Sep 2025

The BSBDA account is specially designed for customers to help them save up consistently and need not worry about maintaining the minimum average monthly balance.  

Besides attractive interest rates, the savings account also offers several additional features and exclusive benefits. The other details about the account are given below. 

ICICI Bank Zero-Balance Account 

The ICICI Bank offers a zero-balance account called the Basic Savings Bank Deposit Account (BSBDA) for individuals wishing to open a savings account without having to maintain a minimum average monthly balance. 

Eligibility Criteria  

The following is the Eligibility criteria for Opening a ICICI zero balance account: 

  1.  The customer should be an Indian resident and above 18 years of age 
  1. The customer should not hold any other savings account including BSBDA with the ICICI Bank  
  1. The customer should not have a BSBDA account in any other bank 
  1. The customer should apply for the account in their individual capacity and not depending upon the Karta of a Hindu Undivided Family (HUF)

Required Documents to Open ICICI Zero Balance Account  

The following are the required documents to open a ICICI zero balance account: 

  1. Identity proof such as Aadhaar, Passport, or ration card 
  1. Address proof such as voter ID or driving license  
  1. PAN card 
  1. Completely filled account opening form along with a declaration form  
  1. Self-attested passport-size photographs along with signature and thumbprint 

How to Open ICICI Zero-Balance Account 

The following are the steps to open a ICICI zero-balance account: 

  1. Visit the nearest ICICI Bank office  
  1. Take the account opening application and fill out the required details 
  1. After filling out the details submit the application and required documents to the bank representative 
  1. Once the bank representative verifies the application form, the savings account will be opened 

Exclusive Features of ICICI Zero-Balance Account 

The following are the exclusive benefits of ICICI’s zero-balance savings account: 

  1. The customers need not maintain a minimum monthly balance in the account 
  1. No initial deposit is required to open the account 
  1. The account can either be a single or a joint account 
  1. The bank also offers a free Rupay debit card 
  1. Under the zero-balance account, cash deposits are free of charge 
  1. A free passbook is also given for the account 
  1. Upon request, the bank will also provide net banking and mobile banking facility for customers 

FAQs on ICICI Bank Zero Balance Account

  • Does ICICI Bank provide a savings account with zero-balance facility?

    Yes, ICICI Bank provides a zero-balance savings account option to individuals. The account, which is also known as Basic Savings Bank Deposit Account (BSBDA) allows individuals to open a savings account in ICICI Bank without having to maintain any minimum balance. 

  • Is it necessary to be an Indian resident to open a ICICI zero-balance account?

    Yes, it is necessary to be an Indian resident to open a ICICI zero-balance account.  

  • What are the required documents to open an ICICI zero-balance account?

    Identity proof such as Aadhaar card or ration card, address proof such as passport or voter ID, PAN card and an ICICI account opening application form are the required documents to open an ICICI zero-balance account.  

  • Can I open an ICICI zero-balance account from home?

    No, you cannot open an ICICI zero-balance account from home. You need to visit the nearest ICICI Bank to open an account.

  • What is the minimum monthly balance required for opening a savings account in ICICI’s Basic Savings Bank Deposit Account (BSBDA) option?

    The Basic Savings Bank Deposit Account (BSBDA) savings account, offered by ICICI Bank, is a zero-balance savings account. Customers are not compelled to maintain a minimum monthly balance in this savings account option.

  • Is an initial deposit required to open an ICICI zero-balance savings account?

    No, initial deposit is not required to open an ICICI zero-balance savings account.

  • Can I open an ICICI zero-balance savings account even when I have another savings account in the bank?

    No, to open an ICICI zero-balance savings account, you must not possess any savings account with ICICI Bank. Additionally, you must also not have an active BSBDA savings account with any other bank.

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