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)
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.
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.
The following is the Eligibility criteria for Opening a ICICI zero balance account:
The following are the required documents to open a ICICI zero balance account:
The following are the steps to open a ICICI zero-balance account:
The following are the exclusive benefits of ICICI’s zero-balance savings account:
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.
Yes, it is necessary to be an Indian resident to open a 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.
No, you cannot open an ICICI zero-balance account from home. You need to visit the nearest ICICI Bank to open an account.
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.
No, initial deposit is not required to open an ICICI zero-balance savings account.
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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