💨 Abstract

Zero Balance Saving Accounts can be opened online without a minimum deposit and are beneficial for individuals with fluctuating incomes or those who cannot maintain average monthly balances. These accounts offer flexibility, convenience, accessibility, rewards, and are beginner-friendly. However, they may have limitations such as transaction limits, downtimes during maintenance, limited deposit options, and regulatory compliance issues. Despite these limitations, Zero Balance Saving Accounts can provide a simple and satisfying banking experience.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖