2. Things provided by the bank

If you have lots of money out there you can even open a wealth salary account with one bank. It comes with the privilege of having a dedicated wealth manager for all banking purposes. Yes, banks will provide you with one!

3. Employee benefits

For any employee, it is a hassle free, cashless and paperless transfer of monthly earnings into the bank as it is instantly credited into the account. Most banks give some preferential services to payroll accounts like providing credit cards, overdraft facilities, better loan offers, free remittance of limited amounts through demand drafts, cheques or pay orders, , free internet transactions, and similar other features.

4. Normal savings bank account

If suppose the bank comes to know that your monthly salary has not been credited for say the past three months, the special facilities extended to such accounts are withdrawn and for all purposes, it is treated as a normal savings bank account.