How to Open Zero Balance Account in HDFC Bank?

How to Open Zero-Balance Account in HDFC Bank?

A bank account with no minimum balance requirement is referred to as a zero-balance account or a no-frills account. Customers of HDFC Bank have access to a number of zero-balance account alternatives, such as the Jan Dhan Yojana account and the Basic Savings Bank Deposit (BSBD) account.

The process of opening a zero-balance account with HDFC Bank is simple. The steps you must take are as follows:

1. Assemble the required papers. You'll need to present proof of identity and proof of address in order to open a zero-balance account with HDFC Bank. Passports, PAN cards, voter ID cards, and licenses are all acceptable identification documents. Utility bills, voter identification cards, and passports are acceptable forms of address verification.

2. Decide on the account type you want to open. Savings, current, and salary accounts are just a few of the numerous account options offered by HDFC Bank. Verify that you select the account that best meets your needs.

3. Check out an HDFC Bank location. Using the "Locate Us" function on the HDFC Bank website, you can locate the closest branch. Once you're there, you'll need to fill out the necessary paperwork and submit it with the account opening form.

4. Give us your name and contact information. This information includes your name, address, phone number, email address, and other pertinent information.

5. Choose the zero balance account option for account opening.

6. Describe the nominee in detail.

7. Send the needed paperwork and the form in. Your application will be processed after the bank verifies the data you've supplied. You'll get an account number as well as other information after your account is opened.

8. Activate your account by finishing the process. Typically, this entails creating a passcode or other security measures, activating your account online or through phone banking, and other steps.

9. Finishing the know your customer (KYC) procedure The Reserve Bank of India requires this as a necessary procedure to confirm the legitimacy of account holders.

10. You can use your account immediately away after it has been opened and activated. You can make other transactions as needed and make deposits and withdrawals of money.

This guide is taken from MyBankingHub 

One of the most well-known and reputable banks in India is HDFC Bank. Customers of the bank have access to a variety of services and goods, including salary accounts, current accounts, and savings accounts. For those who wish to open a bank account but don't have a lot of money to deposit, HDFC Bank's zero balance account is a fantastic choice. You can use your account right immediately if you have a zero balance because there is no minimum balance requirement. As a result, it is a fantastic alternative for those who wish to open a bank account but lack the necessary funds for a deposit.

Read More:- How to transfer HDFC Bank Account to Another Branch

FAQ's

With HDFC Bank, can I start an online account with no balance?

A: Yes, you can apply for a zero balance account online with HDFC Bank by going to the bank's website and doing so. You will nevertheless need to visit an HDFC Bank branch in person to provide the necessary documentation and finish the account activation process.

What paperwork do I need to start an HDFC Bank account with no balance?

A: You will need to present proof of identity and proof of address in order to open a zero balance account with HDFC Bank. Passports, PAN cards, voter ID cards, and driver's licences are all acceptable forms of identification. Utility bills, voter ID cards, and passports are all acceptable documents to provide as evidence of address.

Does HDFC Bank have a minimum age restriction to open accounts with no balance?

A: Yes, opening a zero balance account with HDFC Bank requires that you be at least 18 years old.

Can I take money out of my HDFC Bank account that has no balance?

A: You can withdraw funds from your HDFC Bank account with a zero balance. It is crucial to remember that there can be withdrawal costs.

Can I conduct online transactions using my HDFC Bank account with no balance?

A: You can use your HDFC Bank zero balance account to do online business, including shopping, paying bills, and other activities.

How can I activate my HDFC Bank zero balance account?

A: You will normally need to finish the account activation process online or via phone banking, set up a passcode or other security measures, and activate your zero balance account with HDFC Bank.

Will I get an ATM card for my HDFC Bank account that has no balance?

A: You will indeed get an ATM card for your HDFC Bank account with no balance. The fees connected with the ATM card must be confirmed with the bank, nevertheless.

Does the amount of transactions I can do with my HDFC Bank account with Zero balance have a limit?

A: The type of account you have opened will determine this. To find out if your account has any restrictions, you can contact the bank.

Conclusion

To sum up, opening a zero balance account with HDFC Bank is a quick and easy procedure that only requires a few steps. To open an account, you must gather the appropriate paperwork, decide on the type of account you want, go to an HDFC Bank location, complete an application form, and bring the necessary paperwork with you. As soon as your account is set up, you can use it to make deposits and withdrawals, conduct online transactions, and more. You don't have to worry about keeping a minimum amount with a zero-balance account, and it's simple to operate. If you want to open a bank account but don't have much money to deposit, this is a fantastic choice. For detailed information, it's a good idea to phone beforehand or check the bank's website. You should also check the account fees.