Question

what is the difference between zero balance saving account and normal saving account?

Answer 1

Individuals can also opt for zero balance savings account or basic basic savings bank deposit account(BSBDA), with bank a bank in case they are not interested in maintaining minimum balance as prescribed by the bank. Let us understand the difference between savings account, zero balance account, BSBDA.

Answer 2

Individuals are usually suggested to open savings account for doing any financial transaction. ... Let us understand the difference between savings account, zero balance account, BSBDA. Savings account. The main features of a savings account is that it offers high limit of financial transactions, and deposit limit.



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