Dhanlaxmi Bank Zero Balance Savings Account

Last Updated : March 28, 2025, 6:51 p.m.

A zero-balance savings account allows you to enjoy banking services without the burden of maintaining a minimum balance. Dhanlaxmi Bank offers several zero-balance account options to cater to different customer segments. This comprehensive guide covers everything you need to know about Dhanlaxmi Bank zero-balance savings accounts.

Types of Dhanlaxmi Bank's Zero Balance Savings Accounts

Dhanlaxmi Bank offers the following zero balance savings account options:

1. Dhanlaxmi Bank Basic Savings Bank Deposit Account (BSBDA) : A no-frills account designed for financial inclusion
2. Dhanlaxmi Bank PMJDY Account : An account under the Pradhan Mantri Jan Dhan Yojana scheme
3. Dhanlaxmi Bank Salary Account : A zero balance account for employees of Dhanlaxmi Bank's corporate partners.

Features of Each Type of Dhanlaxmi Bank's Zero Balance Savings Accounts

Dhanlaxmi Bank is known to offer one of the best zero balance savings accounts .

Dhanlaxmi Bank Basic Savings Bank Deposit Account (BSBDA)

The Basic Savings Bank Deposit Account is Dhanlaxmi Bank's entry-level zero balance account that offers:

• No minimum balance requirement
• ATM-cum-Debit Card (RuPay Classic)
• Four free withdrawals per month (including ATM withdrawals)
• Mobile banking and internet banking facilities
• Passbook facility
• Quarterly account statements free of charge
• Limited transaction capabilities

Dhanlaxmi Bank PMJDY Account

The Pradhan Mantri Jan Dhan Yojana account offered by Dhanlaxmi Bank includes:

• Zero balance requirement
• RuPay debit card with ₹2 lakh accident insurance cover
• Life insurance coverage of ₹30,000 (subject to conditions)
• Overdraft facility up to ₹10,000 (subject to satisfactory operation for 6 months)
• Direct Benefit Transfer (DBT) facility for government subsidies
• Mobile banking and SMS alerts
• Inbuilt accident insurance coverage

Dhanlaxmi Bank Salary Account

Available to employees of Dhanlaxmi Bank's corporate partners, this account offers:

• Zero balance maintenance
• Free unlimited transactions at Dhanlaxmi Bank ATMs
• Higher free transaction limits at other bank ATMs
• Free personalized cheque book
• Free demand drafts up to certain limits
• Free RTGS/NEFT transactions through digital channels
• Preferential rates on loans and credit cards
• Free accident insurance coverage
• Free monthly e-statements
• Dhanlaxmi Bank mini statement number

How to Open Dhanlaxmi Bank's Zero Balance Savings Account Online?

Opening a Dhanlaxmi Bank zero balance account online involves these steps:

1. Visit the official Dhanlaxmi Bank website (www.dhanbank.com)
2. Click on "Apply Online" or "Open an Account" option
3. Select the type of zero balance account you wish to open
4. Enter your mobile number and email ID for OTP verification
5. Complete the verification process
6. Fill in your personal details including name, date of birth, PAN, Aadhaar number
7. Upload the required KYC documents (scanned copies or photos)
8. Schedule a video KYC appointment if required
9. Submit your application
10. Upon successful verification, your account will be activated within 2-3 working days.

How to Open Dhanlaxmi Bank's Zero Balance Savings Account Offline?

For those who prefer the traditional account opening process:

1. Visit the nearest Dhanlaxmi Bank branch
2. Request an account opening form for the specific zero balance account you wish to open
3. Fill in the application form with your personal details
4. Submit the completed form along with required KYC documents
5. Provide passport-sized photographs (2)
6. Complete the in-person verification process
7. Sign the necessary declarations and terms & conditions
8. Receive your welcome kit with account details, passbook, debit card, and internet banking credentials.

Documents Required for Dhanlaxmi Bank's Zero Balance Account Opening

For Basic Savings Bank Deposit Account (BSBDA):

• Identity proof (any one): Aadhaar card, Voter ID, Driving License, PAN card
• Address proof (any one): Aadhaar card, Utility bill (not older than 3 months), Passport
• Recent passport-sized photographs (2)
• Mobile number (mandatory)

For PMJDY Account:

• Aadhaar card
• Recent passport-sized photographs (2)
• If Aadhaar card is not available, any one of the following: Voter ID, Driving License, NREGA Job Card
• Self-certification of address is acceptable if no address proof is available
• Mobile number (mandatory)

For Salary Account:

• Identity proof (any one): Aadhaar card, PAN card, Voter ID, Driving License
• Address proof (any one): Aadhaar card, Utility bill (not older than 3 months), Passport
• Recent passport-sized photographs (2)
• Salary slip or employment letter from the company
• Employee ID card copy
• PAN card (mandatory)
• Mobile number (mandatory)

Maximum Limit for Dhanlaxmi Bank Zero-Balance Savings Account

Dhanlaxmi Bank's Basic Savings Bank Deposit Account (BSBDA), a zero-balance account, has a maximum balance limit of ₹50,000.

UPI Transaction Limit for Dhanlaxmi Bank Zero-Balance Savings Account

UPI Transaction Limit:

The standard UPI transaction limit for Dhanlaxmi Bank is ₹1 lakh per day.

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

ATM Withdrawal Limit: You can withdraw up to Rs. 30,000 per day from ATMs.

POS Limit: You can make purchases up to Rs. 50,000 per day using your debit card at Point of Sale (POS) terminals.