Even if you have zero balance in this account, no penalty is taken from you. That is why this account is also called a balance account. Know who can open this account and what are its benefits.

A zero-balance account is a type of savings account that doesn’t require you to maintain a minimum balance.

While there are many benefits to current accounts, most banks require you to maintain a minimum balance in these accounts. This is where a zero-balance current account may seem more useful.