Salary Account is just like a regular bank account, in which your employer deposits your salary every month. You also receive a salary and do transactions. But, have you ever wondered how useful your salary account is? Do you know the great offers and benefits available on it? If not, then there is nothing to be surprised. Because hardly any bank tells these benefits while opening a salary account. Banks also provide services of Classic Salary Account, Wealth Salary Account, Basic Savings Bank Deposit Account-Salary and Defense Salary Account. But, not many people know about them.
Some Salary Accounts also come with accidental death cover or health insurance cover. This insurance coverage provides additional security.
Customers with Salary Account get better interest rates on personal loans and home loans. The bank can offer you a loan at low interest.
Overdraft facility is available in Salary Account, which allows you to withdraw money in an emergency even if there is no money in your account.
Many banks provide Priority Services to Salary Account holders, in which you get fast service, special customer care number and special offers.
Many banks offer free credit cards and great offers to Salary Account holders. This includes discounts in Annual Fee and Reward Points.
Banks offer many online shopping and dining deals to Salary Account holders. This includes discounts and cashback.
Digital services like NEFT, RTGS are often free in Salary Account, which makes money transfer easy and economical.
Banks often provide free check book and debit card service on Salary Account. These small expenses can become a reason for saving for you.
Banks usually provide several free ATM transactions every month in Salary Account, so that you can withdraw cash without extra charge when you need money.
Most Salary Accounts offer the benefit of Zero Balance, meaning you do not have to worry about maintaining a minimum balance in your account. This facility is not available in Saving Accounts.