Say Goodbye to Monthly Balance Requirements: Top Savings Accounts to Open Today

DealBeeDealBee 1:01 PM
Are you tired of dealing with pesky monthly balance requirements that come with your savings account? If so, you're not alone! Fortunately, we've got you covered. After conducting extensive research, we've discovered the top savings accounts that offer the most flexibility and convenience for your banking needs.

First on the list is State Bank of India (SBI). SBI eliminated their monthly balance requirement in March 2020, making it an ideal choice for those who want the freedom to use their funds as they please.

Next up is HDFC Bank, which requires an average monthly balance of Rs 10,000 in urban areas and metro cities. However, customers in semi-urban areas can enjoy a lower monthly balance of just Rs 5,000.

For ICICI Bank customers, the regular savings account requires a minimum balance of Rs 10,000 in metro and urban areas, Rs 5,000 in semi-urban areas, and Rs 2,000 in rural areas.

If you're looking for a bank with no minimum balance requirement, here are a few more options:

  • Axis Bank's "ASAP" account is a zero balance account that requires no minimum balance and comes with a host of benefits such as a free virtual debit card and a cashback program.
  • Kotak Mahindra Bank's "811" account also has no minimum balance requirement and offers 6% interest rate on balances up to Rs 1 lakh.
  • IDFC First Bank's "Savings Account" comes with no minimum balance requirement and offers 4% interest rate on balances up to Rs 1 lakh.

So what are you waiting for? Say goodbye to monthly balance requirements and start enjoying the flexibility and convenience of these top savings accounts today!