Question

Zero balance account is generally allowed to be open for ............... .

• A. Salaried class
• B. Businessman
• C. Foreign customers
• D. Children

Hint:

Remember: Salary accounts = Zero balance = No penalty for low balance.

Answer 1

The Correct Option is A

A Zero Balance Account is a type of savings account where the customer is not required to maintain a minimum balance.
It is mostly offered to salaried employees as part of salary account schemes.
Companies tie up with banks to open salary accounts for their employees, allowing them to receive their monthly salary directly into these accounts.
Employees can withdraw the entire amount if needed, and the bank does not impose penalties for not maintaining a minimum balance.
This makes banking convenient and affordable for the salaried class.
Businessmen, foreign customers, or children usually have other account types with minimum balance conditions or special savings schemes.
Therefore, the correct answer is option (A) Salaried class.