Capital Small Finance Bank Zero Balance Savings Account

Last Updated : April 1, 2025, 4:34 p.m.

In today's financial landscape, zero balance savings accounts have become increasingly popular among customers looking for convenient banking solutions without the burden of maintaining a minimum balance. Capital Small Finance Bank offers a zero balance savings account designed to cater to all customer segments. This comprehensive guide covers everything you need to know about zero balance savings accounts at Capital Small Finance Bank.

Types of Zero Balance Savings Accounts at Capital Small Finance Bank

Capital Small Finance Bank offers several types of zero balance savings accounts to meet diverse customer needs:

BSBDA (Basic Savings Bank Deposit Account) : As per RBI guidelines for financial inclusion.

Features of savings Accounts at Capital Small Finance Bank

BSBDA (Basic Savings Bank Deposit Account)

• Maintained with zero balance
• Limited to 4 withdrawals per month
• Maximum balance limit of ₹50,000
• Basic debit card with no annual fees
• Limited service charges

Documents Needed for Capital Small Finance Bank Account Opening

For Basic Savings Account, Women's Savings Account, and Senior Citizen Savings Account:

Identity Proof (any one) :

• Aadhaar Card
• PAN Card
• Passport
• Voter ID Card
• Driving License

Address Proof (any one) :

• Aadhaar Card
• Passport
• Voter ID Card
• Driving License
• Utility bills (not older than 3 months)
• Rent Agreement

Additional Documents :

• Recent passport-sized photographs (2-3)
• Mobile number linked to Aadhaar (for OTP verification)
• Email ID

For Senior Citizen Account (additional) :

• Age proof document
• Pension documents (if applicable)

For Rural Savings Account:

Identity Proof (any one) :

• Aadhaar Card
• Job Card issued by NREGA
• Letter from a recognized public authority/public servant
• Voter ID Card

Address Proof (any one) :

• Aadhaar Card
• NREGA Job Card
• Property tax receipt
• Gram Panchayat letter

Additional Documents :

• Recent passport-sized photographs (2)
• Self-declaration of current address

For BSBDA:

Simplified Documentation :

• Aadhaar Card, or
• NREGA Job Card, or
• Simplified KYC documents as per RBI guidelines
• Recent photograph
• Self-certification of address

Approved List of ID & Address Proofs for Capital Small Finance Bank Accounts

Identity Proof (any one):

• Aadhaar Card (mandatory for most accounts as per RBI guidelines)
• PAN Card
• Passport
• Voter ID Card
• Driving License
• NREGA Job Card (for Rural and BSBDA accounts)
• Government-issued ID cards with photographs

Address Proof (any one):

• Aadhaar Card
• Passport
• Voter ID Card
• Driving License
• Utility bills (electricity, water, landline phone, piped gas) not older than 3 months
• Property tax receipt
• Bank account statement (other banks) not older than 3 months
• Letter from recognized public authority or public servant
• Rent Agreement (notarized)

How to Open Capital Small Finance Bank's Zero Balance Savings Account Online?

Opening a zero balance savings account online with Capital Small Finance Bank is a simple process:

1. Visit the official Capital Small Finance Bank website (www.capitalbank.co.in)
2. Click on "Open an Account" or "Apply Now" section
3. Select the type of zero balance savings account you wish to open
4. Fill in the application form with your personal details
5. Upload scanned copies of required KYC documents
6. Complete the video KYC verification process
7. Set up your internet banking credentials
8. Your account will be activated within 1-2 working days
9. The welcome kit with your debit card will be delivered to your registered address
10. Best savings account for individuals

How to Open Capital Small Finance Bank's Zero Balance Savings Account Offline?

If you prefer the traditional method, you can open a zero balance account by visiting a Capital Small Finance Bank branch:

1. Visit your nearest Capital Small Finance Bank branch
2. Request for a zero balance savings account opening form
3. Choose the type of zero balance account you want to open
4. Fill in the application form with your personal details
5. Submit the form along with required KYC documents
6. Complete the in-person verification process
7. Provide specimen signatures
8. Your account will be activated within 24 hours
9. Collect your welcome kit and passbook from the branch.

Maximum Limit for Capital Small Finance Banks Zero Balance Savings Account

• For a Capital Small Finance Bank zero balance savings account, the maximum balance limit is Rs. 50,000.

UPI Transaction Limit of Capital Small Finance Bank Zero Balance Savings Account

General UPI Transaction Limit: ₹1 lakh per day.