Companies give a special bank account to employed people, which is called a salary account. This account is different from a regular bank account because this account has many benefits. But very few people know about these benefits. Because the banks do not often tell about the benefits available on the salary account. Let us tell you that employees of corporate, hospital, hotel etc. get many benefits on SBI salary account.
After the salary account is opened, you will be given an account number. Through corporate internet banking, the employer will be credited to the salary account. Employees can open their salary account in any branch of the country.
Benefits of SBI Salary Account
1.Zero Balance Account
2. Free unlimited transaction from any bank’s ATM
3. Free ATM cum Debit Card
4. ATM card for joint account holder
5. Free multicity check
6. 25 percent discount on locker charge
7. Free Draft, SMS Alert, Online NEFT / RTGS
8. Overdraft facility for 2 months salary
Let’s know what are the benefits of salary account
1. Bank gives dedicated wealth manager – If you have a lot of money then you can also open wealth salary account. Under this, the bank gives you a dedicated wealth manager. This manager deals with all the work related to your bank.
2. Free Internet Transaction – Some banks also provide facilities like giving credit card to payroll accounts, free internet transaction, overdraft, cheap loan, check, pay order and free remittance of demand draft (money coming from abroad).
3. Salary Account changes in Savings Account – If your bank finds that salary is coming to your account then all the facilities are withdrawn and your bank account is issued like a normal savings account.
4. Account is easily transferred – In order to change the account from one bank to another bank, in the case of salary account, the banks keep the process easy. Of course, they do have certain conditions in it. How to open an account Salary account: You must be employed in a corporate, government department or PSU and your company should have a salary account relationship with that bank. Along with this, the customer should not have any other account in the same bank.
5. What other facilities are available ?
The bank gives you a personalized check book. You can avail the facility of bill payment, otherwise you can make payments through phone or internet. Banks also provide facilities like safe deposit locker, sweep-in, super saver facility, free payable-at-par checkbook, free instalarts, free passbook and free email statement.