Salary Account Benefits: Your salary account is not just for salary credit. It is also a super tool to save, invest, invest and take special benefits. If you also do jobs and you also have salary account, then know here 10 bang benefits …
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Nowadays most of the salary accounts provide zero balance. This means, even if there is zero money in the account, there is no maintenance charge or penalty. While the general savings account is often a rule to keep 3,000 to 10,000 rupees.
salary account offers unlimited free videos from their bank’s ATM. The second bank ATM usually contains 5–10 free transactions. There is no extra charge on withdrawing cash from this.
you can transfer free funds and bill through apps like Imobile or Yono. SMS alert is also available free on every transaction, causing complete control over every activity of the account.
salary account gets more than 3-7% interest than normal savings account. For example, IDFC First Bank offers up to 7% interest on salary account. However, this interest will be received only when there is a credit in the monthly salary account.
you get free checkbook and debit card in salary account. Reward points on shopping and transactions with premium platinum cards are also available.
If the emergency requires immediate money, the salary account overdraft is useful. After the salary is credited, an overdraft is available up to a salary of 2-3 months, which costs 9-11%. Processing fees are also forgiven and the loan is available quickly.
Personal Accident Insurance in salary account is available for free from 2 to 10 lakh rupees. Some banks also provide additional life intensity and special bonus cover.
Demand draft (DD), NEFT and RTGS transactions are also available free in salary account. This makes the money easy and economical.
salary account holders get a discount of up to 10-20% on shopping, travel and dining. Eleven facilities like cashback and airport lounge access are also available on e-commerce sites like Amazon, Flipkart.
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