What are the conditions of a Zero-Balance Savings Account?

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2025-01-09 09:38:55 - Translate -

For many Indians, a Savings Account is out of their limits, mainly because it requires maintaining a certain minimum balance. The economically weaker sections find it challenging to consistently meet this requirement. To alleviate this, the RBI has introduced a Zero-Balance Account. The Zero-Balance Savings Account does not have a minimum balance. A BSBDA has a maximum balance that...

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