Online free bank account opening with zero balance

Eligibility

Any  Individuals in single name, Two or more individuals (Joint Accounts),Minors, Illiterate persons, Blind Persons, Hindu Undivided families (HUF),  Clubs, Associations, Committees, Societies, Schools, Trusts, Executors, Administrators, Institutions/Agencies specifically permitted by the RBI, pensioners and Staff members.

Quarterly Average Balance (in Rs)

QAB

Rural

S-Urban

Urban

Metro

With CHQ book

250

500

1000

1000

Without CHQ book

100

250

500

500

Type of ATM/Debit card

Classic card

Debit Card charge

Issue charge –FREE
Annual maintenance charge –As per applicable charges.

Access to own Bank ATM

5 transactions (financial + non-financial) per month Free.

Access to other bank ATM

3 transactions (financial + non-financial) per month at Metro or 5 transactions(financial + non-financial) per month at other centres are Free

ATM Cash Withdrawal Limit

Rs.25,000/- Per day

POS Limit

Rs. 50,000/- Per day

Free Personal Accident Insurance (Death) cover with debit card*

Rs 2 Lakhs

SMS Banking Charges

As per applicable charges

Cheque leaves including Personalized Cheque Leaves

20 leaves free/ year. Beyond 20 leaves as per applicable charges.

DD

As per applicable charges

NEFT/RTGS/IMPS

As per applicable charges.

Account closure -within 14 days or after 12 months

Nil

Account closure -Between 15 days to 12 months

As per applicable charges.

Penalty for Non-Maintenance of QAB

Shortfall in QAB

A/c with chq book

A/c without chq book

Rs 501 - 1000

Rs 100 + GST

-NA-

Rs 251 - 500

Rs 50 + GST

Rs  30 + GST

Up to Rs 250

Rs 25 + GST

Rs 20 + GST

*Personal Accident insurance with debit card is subject to terms and conditions of debit card policy and usage which may change from time to time.

Federal Bank has a wide range of Savings accounts with smart features like Internet Banking, fund transfers, e-statements, online bill payments to make banking a smoother experience for you. Open an account with us and enjoy banking !

Online free bank account opening with zero balance

FedBook Selfie

FedBook Selfie is a mobile based SB account opening facility, which is the first of its kind in India. You can open a Savings account through the mobile app using your Aadhaar and PAN Card. Account number will be generated instantly.

Online free bank account opening with zero balance

Bespoke Savings Account

Let your gains take off to new heights ! With our Bespoke Savings Account, along with saving your money, you can earn interest up to 5.0 (Repo Rate - 0.90%)

Online free bank account opening with zero balance

FedFirst

FedFirst is the perfect, first bank account for your kids. With daily withdrawal and spending limits, FedFirst offers a safe and easy way for children to start saving, spending and managing their money. After all, it's never too early to learn healthy money habits.

Online free bank account opening with zero balance

Fed Excel

Fed Excel is an exclusive feature-rich savings account for professionals, budding entrepreneurs, with no minimum balance requirement.

Online free bank account opening with zero balance

SB Plus

Designed for the dynamic consumer, SB Plus Savings Bank account has exciting features like Contacless Debit Card, new age banking channels and free monthly Demand Draft issuance.

Online free bank account opening with zero balance

Fed Power +

Enjoy the fullness of Banking through International Contacless Debit Card, high ATM daily withdrawal limits, free Demand Draft issuance, and a host of concessions on our Retail Loan Products.

Online free bank account opening with zero balance

Mahilamitra Plus

A savings account exclusively for women, endowed with exciting features like complementary insurance, special rate on home loan, free RTGS / NEFT facility, two ZERO balance kids’ account, exciting Debit Card offers and much more, because every woman deserves more.

Online free bank account opening with zero balance

Yuvamitra

Endowed with futuristic features like Contacless Debit Card, Mobile Banking, Internet Banking and FedBook, Yuvamitra account is designed for needs of students.

Online free bank account opening with zero balance

Fed Smart

FedSmart, the SMART savings account has action packed features like New-Age banking channels, high daily cash withdrawal limits, anywhere banking, Contacless Debit Card and lot of free services.

Online free bank account opening with zero balance

BSBDA

Basic Savings Bank Deposit Account (BSBDA) is a Zero Balance Savings Account that takes care of your simple banking needs with Free ATM card, monthly statement, and cheque book. The services available free in the 'Basic Savings Bank Deposit Account' includes deposit and withdrawal of cash, receipt / credit of money through electronic payment channels or by means of deposit / collection of cheques at bank branches as well as ATMs, Mobile Banking and Internet Banking services.

Online free bank account opening with zero balance

SHRENI

Shreni Savings Account is a tailor made operative account for Trusts, Associations, Clubs, Societies and Housing cooperative Societies, and Non-Governmental organisations (NGOs),trading or rendering professional services for profit or fee.

Online free bank account opening with zero balance

Club Savings Account

Club Savings Account is a tailor made operative account for Resident Individuals / Non Individuals of Metro Branches.

Online free bank account opening with zero balance

Delite Savings Account

Delite Savings Account is a tailor made operative account for Resident Individuals / Non Individuals of Semi – Urban & Urban Branches.

Online free bank account opening with zero balance

Pride Savings Account

Pride Savings Account is a tailor made operative account for Resident Individuals / Non Individuals of Rural Branches.

What's New

Online free bank account opening with zero balance

Learn More

Federal 24 7 is a platform that helps you open and manage an account 24X7 without having to visit the branch.

You can choose your preferred savings scheme from the bouquet of savings products available for resident customers and open an account instantly from the comfort of your home with Federal 24 7.

Online free bank account opening with zero balance

Less is more

Choose Federal Bank 247 for contactless and paperless banking.

A perfect savings account for Women

A savings account exclusively for women, endowed with exciting features like complementary insurance, special rate on home loan, free RTGS / NEFT facility, two ZERO balance kids’ account, exciting Debit Card offers and much more, because every woman deserves more.

Learn More

Online free bank account opening with zero balance

Join Imperio Family Banking Program

An impeccable banking service with a treasure trove of features designed for you! Imperio is a tailor made banking solution that offers a bouquet of bankingservices and much more.

Learn More

Online free bank account opening with zero balance

Now you can contribute to the environment while you invest your money!

A fixed deposit for a specific tenure, where the amount deposited by you will be used for lending to renewable energy projects, green building projects and projects in smart agri, water or waste management projects etc.

Learn More

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Online free bank account opening with zero balance

Tutorial Videos

Watch tutorial videos about our products & services and harness the power of digital banking.

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Online free bank account opening with zero balance

Safe Zindagi

Our guidelines and tips for secure banking with total peace of mind

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Which bank open zero balance account instantly?

The India Post Payments Bank (IPPB) is a state-owned payments bank. It offers three kinds of zero balance savings account, which are a basic savings bank deposit account, a regular savings account, and a digital savings account. These accounts do not have a minimum balance requirement that customers have to maintain.

What banks can I open online free?

Here's a look at a few banks that offer free checking accounts..
Ally: Interest Checking Account. ... .
Capital One: 360 Checking Account. ... .
Discover Bank: Cashback Debit account. ... .
Heritage Bank: eCentive Account. ... .
NBKC: Everything Account..

Can I open zero balance?

Yes, anybody can open a Bank of Baroda zero balance account.