Zero‑balance digital savings accounts allow you to bank completely online without worrying about minimum balance fees, all while earning competitive interest and enjoying useful perks. Kotak 811, Airtel Payments Bank, Axis Bank Amaze, RBL Go Account, and Indie by IndusInd Bank each bring something different to the table—whether it’s higher interest rates, instant virtual cards, or rewarding loyalty programs. Below, find key details that help you pick the perfect account for your needs.
1. Kotak 811
Kotak 811 is India’s pioneering zero‑balance digital savings account, opening fully online in minutes with video KYC and no branch visit required. You earn up to 3.5% per annum on your balance, and you get an instant virtual debit card that’s ready to use immediately. If you need a physical card, you can request one at no extra cost.
- Interest Rate: Up to 3.5% p.a. on all balances
- Debit Card: Instant virtual card + free physical card on request
- Maintenance: Zero minimum balance, no hidden fees
2. Airtel Payments Bank
Airtel Payments Bank offers a seamless, paperless signup directly through the Airtel Thanks app, with zero maintenance charges and no minimum balance requirements. It provides an attractive tiered interest structure—2% per annum on balances up to ₹1 lakh, and 7% per annum on the next ₹1 lakh—plus a free RuPay debit card with zero forex markup. Built‑in UPI, bill payment, and recharge features make this a one‑stop financial app.
- Interest Rate: 2% p.a. on balances up to ₹1 L; 7% p.a. on ₹1–2 L
- Debit Card: Free RuPay card, zero forex markup
- Perks: Rewards points on every transaction; integrated UPI, bill pay, recharge
3. Axis Bank Amaze
Axis Bank Amaze combines the reliability of a major private bank with a zero‑balance model you can open instantly online. While it doesn’t focus on sky‑high interest rates, it compensates with a rich rewards program: a welcome bundle worth up to ₹5,999, plus up to 11,000 EDGE Reward points each year when you spend at least ₹20,000 per month. You also get a free virtual and physical debit card, along with no fees on domestic transactions or Axis ATM withdrawals.
- Welcome Benefits: Debit card perks worth ₹5,999
- Rewards: Up to 11,000 EDGE points per year on ₹20K+ monthly spend
- Fees: No minimum balance; free domestic transactions and Axis ATM withdrawals
4. RBL Go Account
RBL Bank’s Go Account lets you open a zero‑balance digital savings account within minutes, right from your smartphone. It offers a competitive interest rate of up to 7% per annum on your balance, along with a free premium GO debit card that supports tap‑to‑pay and high POS limits. You’ll also receive joining vouchers worth ₹1,500 and complimentary insurance covers to sweeten the deal.
- Interest Rate: Up to 7% p.a.
- Debit Card: Free premium GO debit card; unlimited free RBL ATM withdrawals
- Joining Perks: ₹1,500 in vouchers + free insurance benefits
5. Indie by IndusInd Bank
Indie is a digital‑first savings account from IndusInd Bank that you can open online via video KYC or Aadhaar, with no maintenance fees ever. It delivers up to 7% per annum on your deposits and comes with a premium RuPay debit card offering zero forex markup and unlimited partner‑network ATM withdrawals. Its standout feature is the “Gems” rewards program: earn 1–3% cashback on transactions with your three favourite brands each month, redeemable as account credit or vouchers.
- Interest Rate: Up to 7% p.a.
- Debit Card: Free premium RuPay; zero forex markup; unlimited partner ATM withdrawals
- Rewards: Gems cashback (1–3%) on three selected brands monthly
Comparison Between Top Zero Balance Savings Accounts
| Account | Interest Rate | Card & Perks | Maintenance & Fees |
|---|---|---|---|
| Kotak 811 | Up to 3.5% p.a. | Instant virtual card; free physical card | Zero minimum balance |
| Airtel Payments Bank | 2%–7% p.a. | Free RuPay; integrated UPI & bill pay | Zero maintenance |
| Axis Bank Amaze | Rewards‑focused | Free virtual & physical; EDGE points | No min. balance; free transactions |
| RBL Go Account | Up to 7% p.a. | Free premium GO card; vouchers + insurance | Zero minimum balance |
| Indie | Up to 7% p.a. | Free premium RuPay; Gems cashback | Zero maintenance |
Which to choose?
- Maximize returns: Airtel Payments Bank, RBL Go, or Indie offer up to 7%.
- Collect rewards: Axis Bank Amaze shines with its EDGE program and welcome bundle.
- Simplicity & speed: Kotak 811 is swift to open and easy to use.
- Balanced perks & yield: Indie by IndusInd Bank combines high interest with flexible cashback.
Pick the account that aligns with your priorities—be it high interest, rich rewards, or sheer simplicity—and start banking zero‑balance today!
- Pluto Referral code [120909400]: Get Rs. 10 on Sign Up - July 1, 2025
- Amazon Fun Zone Quiz Answers For Today: Win Up to Rs. 5,000 - July 1, 2025
- Park Plus Quiz Answers Today – Win Free Petrol - July 1, 2025