Which bank has 0 minimum balance in UAE? (2024)

Which bank has 0 minimum balance in UAE?

No minimum balance: With the Commercial Bank of Dubai Esaver Account, you don't need to keep a certain amount in your account; the bank won't ask for it.

iSave Account - No Minimum Balance. FAB - UAE.

Various popular banks such as SBI, Standard Chartered Bank, IDFC First Bank, HDFC Bank, YES Bank, Kotak Mahindra Bank, and more allow you to open a zero balance account.

No minimum balance or monthly fee

Your Easy Saver Account offers you the benefit of not having to ensure a minimum balance or pay a monthly fee.

Eligibility Criteria to Open an Emirates NBD Savings Account in UAE. Minimum Monthly Average Balance Required: AED 3,000.

a minimum monthly average balance in deposits and / or investments of AED 3,000 (or equivalent in foreign currency) or more.

The Active Saver account does not have a minimum balance requirement or monthly fees, allowing more savings.

Zero Balance or Basic Savings Account

This is similar to the regular Savings Account, but unlike that account, you are not required to maintain any minimum balance for this account. It does, however, come with an ATM/Debit Card for your daily transactions.

The AMB can differ across account variants and areas. For instance, AMB for an HDFC Bank Regular Savings Account is ₹10,000 for metro and urban areas and ₹5,000 for semi urban areas; whereas AMB for an HDFC Bank DigiSave Youth Account, is ₹5,000 and ₹2,500, respectively.

Can we open a zero balance savings account? Yes, anybody can open a Bank of Baroda zero balance account.

Which bank is best in UAE?

Minimum balance of AED 5,000 for profit earning Automated statement is Free. No minimum balance required however minimum monthly salary requirement is AED 8,000 for account opening The First Cheque book is free and subsequent cheque books if opted by customer will be chargeable.

The customer must be at least 21 years old and reside within the UAE. The ADCB Hayyak Zero Balance Account may only be opened by the Customer and not by a third party. To open the ADCB Hayyak Zero Balance Account, you must first deposit a minimum amount as specified by the Bank (AED 1,000 as per the current orders)

The Current Account of the ADCB Bank is for the UAE residents only. Similar to any other bank, there are a few ADCB Current Account opening requirements as well as the requirements to maintain the ADCB Current Account. For example, it requires a minimum balance in ADCB Current Account of AED 5000.

Benefits of Emirates Islamic Zero Bank Balance Accounts

Multiple Currency Options: Several Emirates Islamic Bank zero balance accounts come with different currency options. For instance, the e-Savings account, offered by Emirates Islamic bank, is available in both AED and USD currencies.

Minimum Salary Requirement: Salaried customers should have a monthly salary of at least AED 10,000 to apply for the FAB One Account. Non-salaried or self-employed applicants, on the other hand, would need to have an initial deposit of at least AED 10,000.

You need an initial balance of AED 3,000 to set up your account. Then you can enjoy your first Cheque Book and Debit Card free of charge.

You need an initial balance of AED 3,000 to set up your account. Then withdraw cash at more than 1.8 million ATMs in over 200 countries with ease.

When you opt for a Dubai Islamic zero balance account or a similar one from any leading provider, you can enjoy get many benefits and offers as listed below: No requirement to maintain a minimum salary. No need to maintain a minimum monthly balance.

Is there any minimum balance required in ADCB Hayyak account?

Since the ADCB Hayyak Instant account provides you the option to choose the type of bank account, the minimum balance requirement may vary from AED 0 to AED 3000 or AED 5000 as per the account variant you choose.

Here is a list of documents required for a zero-balance account in ICICI Bank: Proof of Identity: Passport, Aadhaar card, ration card, driving licence, or voter ID card. Proof of Address: Voter ID card, PAN card, passport, Aadhaar card, or driving licence. A completed account opening form.

HDFC Bank's Basic Savings Bank Deposit Account (BSBDA), provides access to the best banking services, without requiring that you maintain a minimum balance. With our BSBDA account, you can access banking services across multiple branches ATMs and branches around the country.

How much does HDFC charges for not maintaining minimum balance? 6% of the shortfall from the average balance requirement OR Rs 600 whichever is lower. The fee is set at 6% of the difference between the average balance that is kept (rounded up to the nearest hundred) and the average balance that is required.

Punjab National Bank:

PNB customers having savings accounts in rural areas need to maintain a monthly average balance of Rs. 1,000.