Bank of India Zero Balance Savings Account

Last Updated : March 21, 2025, 12:06 p.m.

Bank of India is one of the oldest banks in the country. It is known for its products across India and has one of the top zero-balance savings accounts . In this article, we will see the zero-balance savings accounts provided by BOI and their benefits. You can easily open a Bank of India zero balance savings account and compare the benefits of the different accounts provided by BOI.

Types of BOI Zero Balance Savings Account

• Bank of India Pratham Savings Account
• Bank of India Nari Shakti Savings Account
• Bank of India Pension Savings Account

Features of Bank of India Zero Balance Accounts

Some of the features of zero-balance savings accounts offered by BOI are -

Bank of India Pension Savings Account

Any individual who is drawing a pension is eligible to open this account. There is no minimum balance requirement for this account.

Benefits -

• Free 25 cheque leaves
• Personal accident insurance cover for Rs. 10 lakhs
• Free BOI ATM transactions per month
• Free 5 other ATM transactions per month
• 50% waiver in loan processing fees.

Bank of India Pratham Savings Account

Minor individuals below the age of 18 and resident individuals are eligible to open this account.

Benefits -

• Rupay NCMC Debit card
• INR 50,000 debit card limit
• Free BOI ATM transactions per month
• Free 5 other ATM transactions per month
• 100% concession in processing fee in case of educational loans

Bank of India Nari Shakti Savings Account

Women in the age group of 18 years and above with an independent source of regular income are eligible to open this account.

Benefits -

• 100% waiver for debit card issuance charges
• Free 25 leaves for chequebooks
• Personal loan facility available
• Unlimited free transactions at BOI ATMs
• Health insurance benefits with partners.
• Free BOI balance check enquiry

Eligibility For a BOI Zero Balance Savings Account

• For Pension Savings Account - A resident individual who is drawing a regular pension is eligible.

• For Nari Shakti Savings Account - Women above the age of 18 and who have a regular source of income are eligible.

• For Pratham Savings Account - Minor Individuals and also resident individuals are eligible for opening this account.

Documents Required for BOI Zero Balance Savings Account

Below is a list of documents required for a zero-balance account at BOI:

• Proof of Identity: Passport, Aadhaar card , ration card, driving licence, or voter ID card.
• Proof of Address: Voter ID card, PAN card, passport, Aadhaar card, or driving licence etc
• Passport-size photographs which are self-attested.
• The KYC documents can be submitted online through video KYC to the bank.

How to open a BOI Zero Balance Savings Account?

A Bank of India zero balance savings account can be opened both online and offline.

If you wish to open the account offline -

• Visit the nearest BOI branch.
• Carry the KYC documents and fill in the application form
• Once the documents are submitted and verified, the bank officials will open the account.

If you wish to open the account online -

• Visit the official website and select Apply Now.
• Fill in the application form and submit soft copies of documents.
• Video KYC can be done across all the branches in BOI
• Once verified, you can open a savings account in BOI.
• You can also track the status of your application on the website.

Maximum Limit for BOI Zero Balance Savings Account

• There is no maximum balance limit for Bank of India Zero Balance accounts.

What is the Withdrawal Limit Per Day for BOI Zero Balance Savings Account?

• The withdrawal limit per day for a Bank of India zero balance savings account is INR 25,000.