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Q.

How to Open Zero Balance Account in South Indian Bank?

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10 months

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Hi. Probably the most basic financial service that people utilise worldwide is saving bank accounts. There are many banks in India that provide zero balance account options. If you are planning to open an account in South Indian Bank or SI, you must learn the process. All you need to do for opening a zero balance account is visit the official website of SIB. I have shared the detailed process on how to open zero balance account in South Indian Bank below for you. 

​South Indian Bank Zero Balance Account Opening Online Process

South Indian Bank offers a zero balance savings account through its Basic Savings Bank Deposit Account (BSBDA) and Video KYC account opening process. You can open the account digitally without visiting a branch. All you need to do is follow the below steps.

  1. Go to the

    South Indian Bank\'s website

    and navigate to the savings account section.

  2. Select Basic Savings Bank Deposit Account (BSBDA) for a zero balance account. Alternatively, use the Video KYC Account for a fully online paperless process​.

  3. For Video KYC, provide your Aadhaar number and PAN card. A bank representative will verify your details via a live video call. The system will digitally capture your signature and photograph.

  4. Once verified, your account will be opened instantly. You will receive internet banking and mobile banking access.

Benefits of a Zero Balance Account in South Indian Bank

Here are a few benefits you must know. 

  1. No minimum balance requirement

  2. Free digital transactions (RTGS/NEFT/UPI)

  3. 24/7 Internet & Mobile Banking

  4. Paperless & branchless account opening

  5. Debit card and ATM access

This is all about SIB zero balance account opening online process.

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