The deposit option of a bank savings account allows you to make deposits and expect a sizable return from interest. Banks typically have requirements that require you to keep a minimum balance in order to keep your account open. Coming to your query, how to convert Axis Bank account to zero balance account? As far as I know, you cannot convert an existing Axis Bank account to a zero balance account.
Steps to Convert Axis Bank Account to Zero Balance
Axis Bank offers a Basic Savings Account (BSA) as a zero balance account under the Pradhan Mantri Jan-Dhan Yojana (PMJDY). However, existing savings account holders must close their current account before opening a Basic Savings Account. You need to follow these steps to open a new zero balance account.
Visit your Axis Bank home branch and submit a written request for closure.
Clear any pending dues or charges on your existing savings account.
Withdraw or transfer the remaining balance to another account.
Once your regular savings account is closed, you can open a Basic Savings Account by providing:
KYC Documents (Aadhaar Card, PAN Card, Passport, or Voter ID)
Passport-sized photographs
Duly filled account opening form
I hope you found this helpful.
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How to Convert Axis Bank Account to Zero Balance Account?
anubhav13
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3 months
2025-03-04T08:36:23+00:00 2025-03-04T08:36:26+00:00Comment
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