Bandhan Bank Zero Balance Savings Account

What is Bandhan Bank Zero Balance Savings Account

The Bandhan Bank zero balance savings account allows customers to open and maintain a savings account without a minimum balance requirement. It is suitable for students, salaried individuals, pensioners, and first-time banking customers who want simple and convenient banking services.

Customers may also use the Bandhan Bank sweep in FD facility to transfer surplus savings automatically into fixed deposits to earn higher FD interest rates when compared to regular savings balances. 

Bandhan Bank Zero Balance Savings Account Interest Rates

The following table outlines the savings account interest rates applicable to zero-balance savings accounts. 

*Bandhan Bank Savings account interest rates w.e.f. February 26, 2026

Types of Bandhan Bank Zero Balance Savings Accounts

There are a few varieties of the zero-balance savings account products offered by Bandhan Bank to cater to the various needs of the customers.

• BSBDA Savings Account: This savings account provides basic banking services like a debit card, limited ATM withdrawals, as well as basic transfers.
• PMJDY Savings Account: Pradhan Mantri Jan Dhan Yojna is a Government-sponsored savings account with zero balance and a RuPay debit card, benefits of insurance, and direct subsidy transfer, making it the best savings account option.
• Pension Savings Account: It is specific to pensioners who receive direct pension credit, have easy withdrawals, and manage their accounts easily.
• BSBDA-Small Savings Account: A simple zero-balance account with restricted transactions, which can be offered to clients with the least documentation.

How to Open a Bandhan Bank Zero Balance Savings Account

A Bandhan Bank savings account can be opened by the customers either online or offline.

Online Application

The online process will enable customers to open a savings account through the digital banking services easily.

• Download App / Visit Website: You can download the Bandhan Bank Mobile App or visit the official website.
• Enter Basic Details: Fill in your mobile number, email ID, and personal information.
• Select Account Type: Select a type of savings account, which may be BSBDA, PMJDY, or Pension Savings Account.
• Complete KYC: Verify identity using Aadhaar, PAN, or Video KYC.
• Upload Documents: Provide identification and address documentation.
• Activate Account: After verification, the savings account becomes active.

Offline Application

The customer is also able to open an account by visiting a branch of Bandhan Bank.

• Visit the Branch: Visit your nearest Bandhan Bank Branch.
• Provide Details: Share identification and contact information with the bank representative.
• Select Account Type: Select your choice of Bandhan Bank savings account type.
• Complete KYC: Submit Aadhaar, PAN, or other valid identity documents.
• Submit Documents: Provide address and identity proof.
• Activate Account: The savings account is activated after verification.

Key Features of the Bandhan Bank Zero Balance Savings Account

A Bandhan Bank Zero Balance Savings Account provides convenient and easy banking services and contains several features.

• Zero Minimum Balance: The Bandhan Bank savings account has no minimum balance requirement that a customer has to hold in their account.
• Interest on Savings: The account offers competitive savings account interest rates, making customers earn interest on their deposits.
• Bandhan Bank Sweep in FD Facility: Bandhan Bank sweep in FD facility is the automatic transfer of surplus to fixed deposits to get Bandhan Bank FD interest rates.
• Debit Card Access: Customers are given a debit card, which can be used in ATM withdrawals, Internet transactions, and also in payments to merchants.
• Digital Banking Services: Mobile banking and internet banking provide customers the ability to transfer funds, check balances, and manage accounts at any time.
• Direct Benefit Transfers: The government benefits and subsidies could be added directly to the savings account of the Bandhan Bank.

Eligibility Criteria for Bandhan Bank Zero Balance Savings Account

To open a Bandhan Bank savings account, applicants must meet the following criteria:

Documents Required for Bandhan Bank Zero Balance Savings Account

To open a savings account at Bandhan Bank, the customers are required to provide the following documents.

• Identity Proof: PAN Card, Aadhaar Card, Passport, Driving Licence, Voter ID, and NREGA job card.
• Address Proof: Aadhaar Card, a passport, a driving licence, a utility bill, a property tax receipt, or other accepted address proof.
• Photograph: The latest passport-size photograph is necessary when opening an account.

Key Takeaways

The Bandhan Bank Zero Balance Savings account is a flexible bank account that does not have a minimum required balance. With services like debit cards, ATM transfers, and digital banking, customers can earn fair, competitive savings account interest rates. The Bandhan Bank sweep in FD facility enables its customers to receive higher FD interest rates on the excess funds.