Bandhan Bank Zero Balance Savings Account

Last Updated : April 1, 2025, 6:45 p.m.

Bandhan Bank offers an accessible and cost-effective banking solution with its Zero Balance Savings Account, designed to simplify everyday financial transactions without the need for a minimum balance. This account is ideal for individuals who want to avoid the hassle of maintaining a fixed balance while enjoying a range of digital and in-branch banking services. In this guide, we provide all the factual details about Bandhan Bank’s Zero Balance Savings Account—from the types available and account opening procedures (online and offline), required documentation, and answers to frequently asked questions.

Types of Bandhan Bank’s Zero Balance Savings Accounts

Bandhan Bank provides various variants of its Zero Balance Savings Account to cater to different customer segments:

• Pension Savings Account
• Pradhan Mantri Jan Dhan Yojana
• BSBDA Account

Features of Each Savings Account Variant

Bandhan Bank Pension Savings Account

Eligibility: Open to individual pensioners (civil or government retirees) or jointly with a spouse (secondary holder must be the spouse for family pension purposes). Requires basic KYC (e.g., Aadhaar, PAN, or other ID/address proof) and a Pension Payment Order (PPO).

Minimum Balance: No explicit minimum balance requirement is stated, making it accessible for pensioners with varying income levels. This aligns with Bandhan Bank’s customer-friendly approach, though some sources suggest a nominal balance might be encouraged for operational ease.

Debit Card: Comes with a free Mastercard Titanium Debit Card for the first year, providing access to ATMs and POS transactions.

Digital Banking: Free NEFT transactions via Internet Banking and the mBandhan app, plus SMS/email alerts and monthly e-statements.

Pension Credits: Monthly pension is credited on any of the last four working days of the month (except March, credited on or after April 1st).

Additional Benefits:

• Free cash withdrawals at Bandhan Bank ATMs.
• 5 free withdrawals per month at other bank ATMs.
• Access to locker facilities (subject to availability).
• Joint account options (“Former or Survivor” or “Either or Survivor”) with the spouse for family pension continuity.

Pradhan Mantri Jan Dhan Yojana

• Minimum Balance : Zero balance requirement—no monthly average balance (MAB) needed, and no penalties for keeping the account at zero. Best savings accounts for individuals who are not able to maintain balance.
• Eligibility : Open to all Indian citizens, including minors aged 10 and above (with a guardian), requiring minimal KYC (e.g., Aadhaar or other valid ID/address proof like Voter ID, Passport, etc.). If no valid documents are available, a “small account” can be opened with restrictions.
• Debit Card : Comes with a free Bandhan Bank PMJDY RuPay Debit Card, offering:
  • Personal accident insurance of ₹2 lakh (for accounts opened after August 28, 2018; ₹1 lakh for earlier accounts), provided a qualifying transaction (financial or non-financial) occurs within 90 days prior to an accident.
  • Contactless payment capability via NFC-enabled EMV chip technology.
• Overdraft Facility : Up to ₹10,000 available after 6 months of satisfactory account operation, subject to eligibility (e.g., regular transactions and repayment capacity), limited to one account per household.
• Digital Banking : Free NEFT via Internet Banking and the mBandhan app, plus SMS/email alerts and e-statements.
• Additional Benefits :
  • Eligible for Direct Benefit Transfer (DBT) schemes.
  • Access to social security schemes like Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), Atal Pension Yojana (APY), and MUDRA loans.
  • No duplicate account rule: Holders must not maintain another savings account elsewhere to retain PMJDY benefits.

BSBDA Account

Eligibility: Open to any Indian resident individual (including minors with a guardian) who doesn’t already hold another BSBDA with Bandhan Bank or any other bank. Requires basic KYC (e.g., Aadhaar, PAN, or other valid ID/address proof).

Debit Card: Comes with a free ATM-cum-debit card (typically an NCMC RuPay Domestic Debit Card) with no issuance or annual maintenance charges for the first year.

Digital Banking: Free NEFT/RTGS/IMPS via Internet Banking and the mBandhan app, plus SMS/email alerts and e-statements.

Passbook: A Free passbook is provided to track transactions.

Additional Services:

• Free cheque collection for government-issued cheques.
• Access to nomination facilities and social security schemes like PMJJBY and PMSBY (optional enrollment).
• Bandhan Bank mini statement number

Documents Needed for Account Opening

General Documents (Applicable to All Variants)

• Proof of Identity (ID):
  • PAN Card (mandatory)
  • Aadhaar Card
  • Passport
  • Voter ID Card
• Proof of Address:
  • Recent Utility Bill (electricity, water, gas, etc., not older than three months)
  • Aadhaar Card (with address details)
  • Passport
  • Rent Agreement or Property Tax Receipt
• Photographs:
  • Recent passport-size photographs (typically 2-3 copies)

7. Approved List of ID & Address Proof

For smooth KYC processing, ensure that your documents are selected from the approved list:

Approved ID Proofs

• PAN Card (mandatory)
• Aadhaar Card
• Passport
• Voter ID Card
• Driving License (if accepted)

Approved Address Proofs

• Aadhaar Card (with address details)
• Recent Utility Bills (electricity, water, gas, etc.)
• Passport
• Rent Agreement or Property Tax Receipt
• Bank Statement from another bank (if accepted by the branch)

All documents should be valid, legible, and current.

How to Open Bandhan Bank’s Zero-Balance Savings Account Online?

Bandhan Bank provides a streamlined online account opening process. Follow these steps to open your Zero Balance Savings Account online:

1. Visit the Official Website:
   Navigate to the Bandhan Bank homepage and click on the “Account Opening” or “Savings Account” section.
2. Select the Desired Account Variant:
   Choose the Standard Zero Balance Savings Account or a specialized variant that meets your requirements.
3. Fill Out the Online Application Form:
   Complete the form with accurate personal, contact, and financial details.
4. Upload Required Documents:
   Attach scanned copies of your proof of identity, address proof, and any additional documents required for your chosen account type.
5. Submit Your Application:
   Once submitted, Bandhan Bank will verify your details. Upon successful verification, you will receive account confirmation and further instructions via SMS or email.

How to Open Bandhan Bank’s Zero-Balance Savings Account Offline?

For those who prefer personal interaction, the offline account opening process is equally straightforward:

1. Visit Your Nearest Branch:
   Locate and visit the nearest Bandhan Bank branch.
2. Collect the Application Form:
   Request the Zero Balance Savings Account opening form from a branch representative.
3. Complete the Form:
   Fill in all the required details accurately on the paper form.
4. Submit the Required Documents:
   Provide original or attested copies of your identity proof, address proof, and any additional documents needed for your selected account variant.
5. KYC Verification:
   A branch representative will verify your documents and process your application.
6. Account Activation:
   Once verified, you will receive your account details, welcome kit, and a Bandhan Bank debit card.

UPI Transaction Limit of Bandhan Bank Zero Balance Savings Account

• UPI Transaction Limit: ₹1,00,000 per day.

What is the Withdrawal Limit Per Day of Bandhan Bank Zero Balance Savings Account?

BSBDA/BSBDA Small:

For Basic Savings Bank Deposit Account (BSBDA) and BSBDA Small, there are a maximum of 4 withdrawals allowed in a month, including ATM withdrawals at own and other bank's ATMs.

Zero Balance Account:
If you are referring to a zero balance account in general, the Standard Salary Account is one option that Bandhan Bank offers, with a daily withdrawal limit of ₹40,000.

Conclusion

Bandhan Bank’s Zero Balance Savings Account offers an ideal solution for individuals seeking an affordable and hassle-free way to manage their daily financial transactions without the burden of maintaining a minimum balance. With multiple account variants tailored to meet diverse customer needs, competitive interest rates, and a transparent fee structure, this account simplifies everyday banking. Whether you choose to open your account online or offline, the streamlined processes and clear documentation requirements make it easy to start your banking journey with Bandhan Bank.

This comprehensive guide provides factual insights to help you make an informed decision about your banking needs with Bandhan Bank.