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India's best zero balance savings account with no maintenance fees

Open digital savings bank account completely online and other features that help you grow financially

PNB Zero Balance Account

pnb zero balance account

All About PNB Zero Balance Account

PNB zero balance account is the basic savings account called PNB Basic Saving Bank Deposit Account.  The account is part of Pradhan Mantri Jan Dhan Yojana, the financial inclusion program.

The objective of these zero balance accounts or basic savings account is to provide formal banking services to economically weaker sections of the society. Different banks offer zero balance account or basic savings account to their customers.

Savings Accounts come in various shapes and sizes. Basic Saving Bank Deposit Account or Zero Balance Account is one such type of savings account. As the name suggests, it is a basic savings account and it is easy to open and manage.

The main objective of these accounts is to promote financial inclusion among individuals by helping them to open a bank account with the least requirements.  

Interest Rate on PNB savings account

Customers of PNB zero balance account get the prevailing PNB savings account interest rate. The interest rate is calculated on the the daily closing balance and is credited to the bank account quarterly.

BalanceInterest rate
Up to Rs.50 lakhs3.50%
Above Rs.50 lakhs3.75%
Interest rate on PNB savings account

Eligibility criteria to open a PNB Zero Balance Account

  • People from different sections of the society can open basic savings account with PNB.
  • Individuals as a single or joint account
  • Minors of the age of 10 years and above
  • Minors under 10 years natural /legal guardianship
  • Illiterate or a visually impaired person

Documents needed to open PNB 0 balance account

Mandatory document

  • PAN card or Form No. 60

 Proof of Identity & Address

  • Voter ID Card
  • Passport
  • Driving License
  • NREGA Job Card & Others
  • Letter issued by National Population Register containing details of name, address

Features of PNB basic savings Account

Minimum balance requirement

This account is a zero balance account and does not have any minimum balance requirement. Also, the account does not have any minimum initial deposit.              

Issuance of Cheque Book

A cheque book of 10 leaves is issued without any charges. Later, cheque book charges would be applicable.

Extent of transactions

• There is no limit on the number of deposits that can be made in a month.

• Customers can withdraw up to for four times (excluding ATM transactions) without attracting any fees.

Free Debit Card 

Banks also offer a free debit card to their customers. There are no annual maintenance charges on the debit card.  

Nomination Facility 

Customers can also avail regular nomination facilities. In any unfortunate event, their nominee will receive the accumulated funds.

How to open a PNB Zero Balance account 

To open PNB zero balance account, individuals have to visit a bank branch or Business Correspondent (Bank Mitr) to open a PNB zero balance account.

Types of PNB 0 Balance Account

Besides this basic savings account, PNB also offers a variety of zero balance accounts such as PNB Vidyarthi SF account (for students), the PNB Pension Savings account (for pensioners), and the PNB Junior SF account (for minors). As these are zero balance accounts, there is no minimum balance requirement.

Things to remember before opening the account

  • Customers opening basic savings account with PNB shouldn’t have any other savings account with the bank.
  • If the customer has any other savings account with the bank, they need to clsoe the account within 30 days from the date of opening the basic savings account.
  • Interested individuals should not have any BSBD account.


PNB Basic Saving Bank Deposit Account is a Zero Balance Account from PNB. Individuals without a savings account can open a PNB basic savings account without submitting a lot of documents. This will help individuals to avail other basic facilities as well.

Other zero balance savings account


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