Table of Contents
Which bank salary account is best for government employees?
The following is the list of the best bank to open salary account in India:
- HDFC Regular Salary Account.
- Axis Bank Prime Salary Account.
- SBI Corporate Salary Package.
- Kotak Platina Salary Account.
- Citibank Suvidha Salary Account.
Which bank account is for govt employees?
Generally, an employee either be a fresher or experienced has to open a bank account, where their employer can transfer employees gross monthly salary. Having SBI salary account, will definetly help government employees save big.
Can govt employee open salary account in private bank?
The government has increased the number of banks. The 15 private banks have already signed an agreement with the government, where the employees can now open salary and allowances accounts.
Can I open my own salary account?
Salary Account can be defined as a bank account in which your salary is transferred or credited by your employer every month. There are instances where the bank allows individuals to open salary accounts on their own – but they need some proof of employment from the company where the person works.
What is the benefit of SBI salary account?
Best Interest Rates on Personal Loans, Car Loans, Home Loans and Pension Loans. Overdraft facility as per eligibility. Concessions in Locker Charges as per eligibility. Also comes with bundled SBI Credit Card.
What is the minimum balance in SBI for salary account?
The Bank offers attractive interest rates provides facilities like free debit card, mobile banking and net banking, 25\% discount on locker facilities (Corporate Salary Package) etc….Table of Contents.
Bank | State Bank of India |
---|---|
Minimum Balance Requirements (MAB) | Nil |
Interest Rate – SBI Savings Plus Account | 4\% per annum |
Which bank is better HDFC or Kotak?
Employee Ratings HDFC Bank scored higher in 4 areas: Career Opportunities, Compensation & Benefits, \% Recommend to a friend and Positive Business Outlook. Kotak Mahindra scored higher in 3 areas: Work-life balance, Culture & Values and CEO Approval. Both tied in 2 areas: Overall Rating and Senior Management.
Which bank is best for opening a salary package account?
There is no compulsion of Bank for salary account. You may open salary account in any Bank. But, generally every government department has tie up with some Bank for salary package accounts with some additional benefit. Open account accordingly
How does a company open an employee bank account?
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.
How does a bank account for salary work?
The employer selects a date on which the bank takes the set amount from the company and distributes it accordingly to the employees. However, some banks may allow you to open a salary account by yourself.
What is the minimum balance required to open a salary account?
Also, salary account does not need a minimum opening balance. It can be opened with zero balance. However, for a savings account, the main purpose is to encourage savings and thus one should maintain the monthly average balance set by the bank. On non-compliance of it, the bank will charge you with a penalty.