Top zero-balance savings accounts to open now
A zero-balance savings account means no minimum balance requirement and no penalty for keeping it low. The best ones go further — paying strong interest and adding perks like cashback or daily interest payouts. Here are three worth a serious look.
1. Roarbank — best for high interest + built-in credit
Roarbank's zero-balance savings account earns up to 7% p.a. with monthly payouts. Its standout is a 2-in-1 card that combines savings and a credit line — spends use your savings balance first, then your credit limit. It's UPI-enabled and fully app-based, with a handy 'Shake to pay' transfer feature.
2. Kotak811 Super — best for debit-card cashback
Kotak811's Super variant gives flat 5% cashback up to ₹6,000 a year on debit card spends (with a ₹5,000 minimum monthly deposit), plus up to 7% p.a. via the ActivMoney sweep-FD. It opens online in about three minutes.
3. INDIE by IndusInd — best all-in-one app
INDIE is a digital banking super-app: zero-balance savings up to 4% p.a., auto-sweep FDs earning up to 7%+ p.a., a flexible credit line and rewards — all in one place. You only need Aadhaar and PAN to open it.
What to compare before opening
- Interest rate — and whether it's flat or slab-based.
- How often interest is paid — daily and monthly beat quarterly.
- Hidden conditions — some cashback needs a minimum monthly deposit.
- Auto-sweep FD — turns idle cash into higher FD returns automatically.