What are the Rewards and Offers on Zero-Balance Savings Accounts?
Today, banking has evolved into a highly personalised experience, with banks offering innovative solutions to fulfil the needs of different types of account holders. Among these, zero-balance savings accounts have received significant attention for their convenience and simplicity.
Many still view zero-balance savings accounts as a basic tool with minimal features. However, they come with multiple rewards and offers that make them more than just a simple savings option. Get all the details below.
No penalties for zero balance
One of the most obvious benefits of zero-balance accounts is that you are not mandated to maintain a specific minimum balance. For example, the IndusInd Bank Indus Delite Savings Account comes with the benefit of zero non-maintenance charges. This is highly beneficial for individuals who may have fluctuating incomes and during emergencies when having access to every available rupee matters.
You can open this digital savings account in 4 easy steps:
- Create an account number you like
- Enter your personal and financial details
- Make a deposit in your account
- Complete the video KYC at your convenience
Open a savings account with zero balance requirement today! With IndusInd Bank, the entire process is 100% digital and paperless.
Debit card offers
Many zero-balance accounts offer exclusive debit cards that come with value-added benefits such as cashback on purchases, discounts at partner outlets, and higher reward points. These perks turn your daily spending into an opportunity to earn more.
For example, if you hold the IndusInd Bank Indus Delite Savings Account, you can apply for the Delights Debit Card to enjoy premium perks like:
- 10% discount on your BigBasket orders for all your grocery needs
- 20% discount on orders from Swiggy
- Book movie tickets via BookMyShow and benefit from the ‘Buy 1 Get 1 Free’ offer
- A complimentary insurance cover worth ₹1.5 lakh
- 5% cashback on fuel, OTT, and entertainment spends
Complete the zero-balance account opening online process with IndusInd Bank today and apply for the Delights Debit Card hassle-free!
Attractive interest rates
Many account holders believe that zero-balance accounts mean settling on lower interest rates. However, if you choose the right savings account, you have an opportunity to earn the best-in-class savings account interest rate. The competitive rates mean more growth on your deposited balance and quicker achievement of your financial goals, whether it’s building an emergency fund, saving for a trip, or planning for large expenses.
Premium services and offers through a mobile banking app
With the best zero-balance bank account, you get access to a dedicated mobile banking app through which you can:
- Start smart investments through recurring deposits or fixed deposits with a few clicks
- Pay bills instantly and get rewarded
- Easily order food from popular platforms
- Withdraw cash without debit cards using the cash-on-mobile service
- Manage banking services such as ordering chequebooks, getting statements, and managing card limits
Key takeaways
From cashback on transactions and exclusive debit cards to complementary insurance coverage and attractive interest rates, a 0-balance bank account offers maximum convenience and value. The additional benefits, such as free ATM withdrawals, no hidden charges, and 24/7 access to accounts via mobile and internet banking enhance their appeal even more. For the best experience, choose the right bank that provides the best zero-balance account with the features you need.
Disclaimer: This article is part of sponsored content programme. The Tribune is not responsible for the content including the data in the text and has no role in its selection.
