Salary account is not just a means of getting salary, but it also comes with many benefits which are not available in a common savings account. Many people do not know about these facilities, because banks do not tell you everything openly. If you have a salary account, then you must know about these benefits.

Here we will tell you about 10 big benefits related to such a salary account. So let's know...

Zero Balance facility
The biggest advantage of a salary account is that there is no need to keep a minimum balance in it. Meaning, you can operate the account even with a 0 balance. This is especially beneficial for those people who run their expenses from their monthly salary.

A loan at a better interest rate
Salary account holders can get a better interest rate on personal loans and home loans. Many times, banks offer loans to these customers at low interest rates (Personal loan interest rate), because they are confident that your salary is coming to the same bank every month.

Overdraft facility
If there is no money in your account in an emergency, then there is also an overdraft facility in the salary account. That is, you can withdraw money even if there is no balance in the account up to a certain limit. This facility is very useful when there is a sudden need for some expense.

Free ATM transaction
Now, most of the banks in the market charge for transactions, but the salary account provides the facility of many free ATM transactions every month. With this, you can withdraw cash anytime without any extra charge.

Priority banking service
Many banks provide priority service to salary account holders. This includes a special customer care number, fast service, and exclusive offers. That is, you do not need to stand in line at the bank, and your work is done quickly.

Free debit card and chequebook
Banks often provide free debit cards and a chequebook facility in the salary account. This not only saves your pocket money but also makes it easier to make necessary payments.

Benefits of online shopping

Customers with a salary account often get the benefit of online shopping and restaurant deals. This includes facilities like discounts and cashback, which make your daily shopping and food expenses a little lighter.

Free digital service
Digital transfer services like NEFT, RTGS are also available free in the salary account many times. With this, you can transfer your money anywhere easily and at a low cost.

Free credit card facility
Many banks offer free credit cards with a salary account. It offers facilities like an annual fee discount, reward points, and cashback. If you use the card correctly, it can be helpful in your financial planning.

Benefit of accidental and health insurance
Some salary accounts also come with accidental death cover or health insurance cover. This insurance coverage acts as an additional security for you, which can be useful in difficult times.

So, if you have a salary account, then take full advantage of these facilities that come with it. And if these facilities are not available in your bank, then you can also consider shifting the account in time.

Disclaimer: This content has been sourced and edited from Hr Breaking. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.