Zero Cost EMI

Meaning :

Example : 

For instance, buying a phone worth ₹18,000 and paying ₹1,500 per month for  12 months means you pay a total of ₹18,000 only, with no additional cost. 

How to Understand Zero Balance Account : 

1.Think of Zero Cost EMI as borrowing money for free; you pay the same price, just spread

over several months.

2.It helps you buy expensive items without paying everything at once. 

Importance of Zero Balance Account : 

1.Zero Cost EMI makes expensive items more affordable by breaking the cost into smaller

payments.

2.It reduces the immediate financial burden since you don't have to pay the full amount

upfront.

3.This option encourages planned purchasing, allowing you to buy what you need without

stress.

4.It is particularly useful for buying electronics, furniture, appliances, and other costly

items.