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Can I open another salary account?
Salary Accounts can only be opened when an employer ties up with a bank. With this tie-up, the employer can transfer the monthly salaries in bulk in respective Salary Accounts of the employees.
Can I close my bank account and open a new one with the same bank?
Reasons for Closing a Bank Account Moving to a new city or state. To get better interest rates. Switching to an online bank.
How do I change my salary account from one bank to another?
You would need to intimate your employer about your existing Bank details, so that the monthly salary credits are routed through the same account. You would also need to intimate your Bank branch for the required change in employer mapping with the Bank.
How many salary accounts can we have?
There are 6 different kinds of salary accounts depending on the nature of work. The accounts differ in various ways like the daily withdrawal limit, shopping limit, kind of debit card and so on.
Is it bad to open a bank account and close it?
Closing all of your bank accounts at once could be a bad idea, because having at least one bank account makes your financial life a lot easier. As long as you keep at least one account open, and the account you’re closing is in good standing, then there won’t be any negative effects when you close a bank account.
How to open a bank account for an employee?
Nowadays, some of the banks have started giving online facilities to fill up the form and upload identity/address proof copies. A cover letter has to be written to the bank mentioning the details of the employee for whom the account-opening request is being submitted.
How does a company provide salary account to an employee?
Generally, regular employees are provided with salary accounts i.e. those employees who complete the initial probation period with the company. The company will have to submit to the bank – the application form signed by the employee along with his identity and address proofs self-attested copies for processing the opening of the account.
What are the benefits of a salary account in a bank?
Many companies offer salary accounts of a bank to their employees as an additional perquisite. Salary accounts come with many benefits viz. no minimum balance requirement, higher rate of interest on savings, free debit/atm card, free cheque book, points on shopping with debit card, etc.
How many types of salary accounts are there?
There are 6 different kinds of salary accounts depending on the nature of work. The accounts differ in various ways like the daily withdrawal limit, shopping limit, kind of debit card and so on. The special employee delights and added benefits are what makes Axis Bank Salary Accounts the best in class.