Banking

Zero balance saving account banks are reshaping India’s financial architecture. These accounts do not demand a minimum monthly balance and have emerged as essential tools for financial inclusion. From urban gig workers to rural households, the accessibility of such products is expanding access to the formal banking system, particularly for those who previously lacked one. […]

In a second-floor apartment in Delhi’s Lajpat Nagar, 32-year-old Rajeev Mehta runs his graphic design business from a borrowed desk. His laptop is old. His client payments come in late. But he gets by—largely due to a revolving credit line of ₹3 lakhs from his bank. “If the payments don’t come in on time, I