{"id":2068,"date":"2018-04-23T18:06:32","date_gmt":"2018-04-23T12:36:32","guid":{"rendered":"https:\/\/www.antworksmoney.com\/blog\/?page_id=2068"},"modified":"2018-06-05T15:36:58","modified_gmt":"2018-06-05T10:06:58","slug":"zero-balance-savings-account","status":"publish","type":"page","link":"https:\/\/www.antworksmoney.com\/blog\/zero-balance-savings-account\/","title":{"rendered":"Zero Balance Savings Account"},"content":{"rendered":"<p>Zero Balance Savings Account is the account Where the account holder is free to operate the account without strings of maintaining a minimum balance.<\/p>\n<h2>Features of Zero Bank Savings Account<\/h2>\n<ul>\n<li>No condition of maintaining a minimum Monthly Average Balance or Quarterly Average Balance.<\/li>\n<li>Free ATM\/Debit card that can be used to transact worldwide.<\/li>\n<li>Free cheque book of fixed amount of leaves per year. Subsequent request for cheque books are charged a nominal fee.<\/li>\n<li>Complimentary passbook is issued as part of the welcome kit, at the time of opening the account.<\/li>\n<li>Access to internet banking and online transactions and standard charges for payment transfers.<\/li>\n<li>Specific number of free transactions every month,subsequent transactions are billed a nominal fee.<\/li>\n<li>Special privileges and offers for salary account holders based on the category of company\/institution.<\/li>\n<\/ul>\n<h2>Zero Balance Savings Account Opened Under Pradhan Mantri Jan Dhan Yojana (PMJDY)<\/h2>\n<p>An ambitious mission from the Ministry of Finance, Govt. of India, this program is a national mission for financial inclusion by means of providing easy access to financial services such as Banking\/ Savings &amp; Deposit Accounts, Remittance, Credit, Insurance, Pension to all citizens in an affordable manner.<\/p>\n<p><strong>Benefits of Savings Account Opened Under PMJDY<\/strong><\/p>\n<ul>\n<li>No need to maintain a minimum balance.<\/li>\n<li>Interest on deposits as per prevailing bank rates.<\/li>\n<li>Accidental insurance cover of Rs.1.00 lac.<\/li>\n<li>Direct benefit transfer from Government schemes are credited to this account.<\/li>\n<li>Overdraft facility is offered after 6 months of satisfactory operation.<\/li>\n<li>RuPay debit card and free Accident insurance cover.<\/li>\n<\/ul>\n<h2>General Terms &amp; Conditions for Zero Balance Savings Account Opened Under PMJDY<\/h2>\n<ul>\n<li>The total credit in the account should not exceed Rs.1 lac in a given financial year.<\/li>\n<li>The debit balance should not exceed Rs.50,000 at any point of time.<\/li>\n<li>The account holder should submit all documents as per KYC guidelines from RBI.<\/li>\n<li>Other terms that are specific to the bank where the account is being held.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Zero Balance Savings Account is the account Where the account holder is free to operate the account without strings of maintaining a minimum balance. Features of Zero Bank Savings Account No condition of maintaining a minimum Monthly Average Balance or Quarterly Average Balance. Free ATM\/Debit card that can be used to transact worldwide. Free cheque &hellip; <a href=\"https:\/\/www.antworksmoney.com\/blog\/zero-balance-savings-account\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Zero Balance Savings Account&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-2068","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Zero Balance Savings Account Opened Under (PMJDY) - Antworks Money<\/title>\r\n<meta name=\"description\" content=\"Zero Balance Savings Account is the account Where the account holder is free to operate the account without strings of maintaining a minimum balance.\" \/>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.antworksmoney.com\/blog\/zero-balance-savings-account\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Zero Balance Savings Account Opened Under (PMJDY) - 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