What is a good bank that has no fees?

Written by Editorial Team | Last Updated: August 2026

A good bank that features no monthly maintenance fees typically offers digital-first checking accounts or basic savings plans that do not require minimum balance requirements. Popular options include digital neo-banks and basic savings accounts from major institutions like the State Bank of India's BSBDA, Kotak Mahindra's 811, and IDFC FIRST Bank, which provide fee-free banking, complimentary digital debit cards, and zero minimum average balance rules. These accounts allow customers to conduct routine transactions, mobile transfers, and ATM withdrawals without incurring unexpected penalty charges or monthly service fees.

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