7 Things To Know About Your Salary Account


BANGALORE: A salary bank account, or a salary account as it is more commonly called, is nothing but a regular bank account in which your employer will credit your monthly salary or paycheck every month.

If you have a salary account with a bank, then you are entitled to avail additional facilities like zero balance account, credit cards and overdraft facilities.

In order to attract the attention of people working in different fields, banks offer a range of salary accounts like the Classic Salary Account, Wealth Salary Account, Basic Savings Bank Deposit Account–Salary, Defence Salary Account and so on.

Let’s have a look at some of the things you should know about the salary account:

1. Added benefits

Being an employee, a salary accounts comes with added benefits like permitting zero quarterly balance and opening one with zero that is, zero deposit amounts. Usually, you need to deposit 1,000 while opening an account.

It has free access to other bank ATMs in India, which includes five free cash withdrawal and balance enquiry transactions per month, free cash withdrawal per month at your branch and anywhere banking across our extensive Branch and ATM network.