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Can I have two salary accounts in HDFC Bank?
While there’s no limit to how many Savings Account you can have, there are a few things to consider before signing up for more than one. To keep up with the current times, HDFC Bank has extended an instant Savings Account facility via InstaAccount, ensuring a completely paperless account opening process.
Are salary accounts current or savings?
Savings Account
Salary account | Savings account | |
---|---|---|
Minimum Balance | No Minimum Balance | Minimum Balance Required |
Convertibility | If the salary is not credit for 3 consecutive months, it is considered as savings account | One can convert to salary account , if the bank allows |
Interest rates | No Interest paid | 4\%-6\% interest is paid |
Can salary account and savings account be same?
Difference between Salary Account and Savings Account : A Salary Account is opened by an organization with the purpose of crediting the salary to the employee. A Savings Account can be opened by anyone with Aadhar card to deposit money for the purpose of holding or saving it with the bank.
Does HDFC salary account give interest?
Interest of 3.5-4\% per annum on your savings in the Salary Account. Freebies with your Salary Account:A Salary Account with HDFC Bank also ensures you get the following free of cost – 25-leaves cheque book every six months. Passbook.
Is salary and current account same?
Key difference: A salary account is a bank account designed and offered mainly to salaried persons. A current account, on the other hand, is an account which is designed to suit the needs of businessman, firms, companies, public enterprises, etc. Each one has its own benefits and advantages.
Is current account and salary account same?
What is minimum balance in HDFC salary account?
As already mentioned, the HDFC Bank Regular Salary Account is a zero balance account. In other words, there is no requirement for a minimum balance. Customers holding this salary account are eligible for the free Personal Accident Cover of Rs. 1 lakh.