What are the charges for HDFC salary account?
Regular Salary Account Rates & Charges
zero minimum balance
Is HDFC salary account free?
Your employees will enjoy a zero-balance account with features such as Netbanking, Phonebanking, Mobilebanking and InstaQuery for SMS banking. Salary account holders can make their own life simpler by using BillPay to pay utility bills and InstantAlerts to track their transactions.
HDFC Bank Salary Accounts come with a number of benefits that make it one of the most preferred banks to do business with. It not only provides all common benefits, but also ensures enhanced banking experience for all Salary Account holders.
Which bank is best for salary account?
HDFC Bank has a regular and premium salary account. Many consider it as the best bank for salary account. The bank has a vast network of ATMs and branches and a fixed interest rate of 3.5 to 4% per annum. The bank offers a free personal accidental health cover of Rs 1 lakh to its salary account holders.25-Aug-2022
This account is opened to credit the monthly salary of the employees in a lump sum. One of the most important features of the salary account is that it is a zero balance account, thus there is no condition to maintain the minimum balance.02-Feb-2022
What happens to salary account after leaving job?
But once you leave the organisation, the salary account will cease to exist. If the salary is not credited for more than three months, the salary account will be converted to a regular savings account.
One way is by setting a separate savings account and salary account. Your savings account is where you can park your monthly savings. And you can use your salary account to make all your payments such as utility bills.07-Feb-2018
What happens if I don't close my salary account?
After that one has to pay a penalty and regularise the account. If there is no transaction in the account for two years, other than interest credit in the salary account or savings account, the bank will classify it as dormant or inoperative account and freeze it.26-Jun-2021
Debit Cards are issued free of cost to all Salary Package customers and annual maintenance charges are also waived. Issuance of Debit Card depends upon the variant of the Salary Account as under: Platinum: International Platinum Debit Card with withdrawal limit of Rs.
Which bank is best for salary account 2022?
Features of the Top 7 Salary Accounts
No account opening fees are applicable. The employees can enjoy the benefit of free transactions and no minimum balance. The employees can enjoy free virtual and physical debit cards.11-Aug-2021
Which one is better Icici or HDFC?
For the financial year 2022, HDFC Bank's advances were 91.2% of its total deposits. ICICI Bank's total advances stood at 84.3% of total deposits. Clearly, HDFC Bank is more efficient than ICICI Bank in terms of utilising its deposit base.02-Aug-2022
As per the current rates, Axis Bank offers a lower interest rate of 10.75% on loans compared to HDFC Bank, which offers a Personal Loan at 11.00%.
How many transactions are free in HDFC salary account?
HDFC Bank Classic Salary Account Fees and Charges
Originally Answered: Can HDFC account remain salary account even after job switch? No legal repercussions but account Will automatically convert to savings on non credit of salary u need not close the account. But will have to maintain it as savings with minimum balance.
Which bank is better HDFC or Icici or axis for salary account?
HDFC is the best option for opening a salary account as well as any type of account. Since I have worked with Axis Bank and HDFC Bank and have used ICICI Bank, among all of them I found HDFC to be the best. Whether, its products, service, net banking or features of the products; its simply the best.
The HDFC Bank Salary Family Account is a zero-balance savings account and comes with the benefits of a free Personal Accidental Death Cover upto Rs. 11 lakh and a free International Air Coverage of Rs. 1 crore.
Which is better salary account or savings account?
Salary Accounts usually don't come with a minimum balance requirement, while banks require that you maintain a certain amount of minimum balance in your Savings Account. If you open an Insta Saving Account, you can use even the Saving Account without requiring a minimum balance for up to a year.
In Order to close your HDFC bank Account, you have to visit your nearest branch where you can ask for the account closure form. After obtaining the form fill all of the requirements and submit the form to the bank executive along with Debit Card, Passbook, and CheckBook.
Which type of account is salary?
A salary account is a type of savings bank account in which an employee receives their salary from the employer every month. Major companies and corporations have their tie-ups with specific banks where they open the salary account of all of their employees.22-Dec-2021
What are the charges for HDFC salary account?