Can I convert my Savings Account to salary account?
Can I convert my Savings Account to salary account?
On the other hand, if your bank permits, you can convert your Savings Account to your Salary Account. This is possible if you change your job, and your new employer happens to have a banking relationship with the same bank for its employees’ Salary Accounts.
Is HDFC good for salary account?
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.
Can we transfer money to HDFC salary account?
Is it Possible To Deposit Money In Salary Account Of HDFC Bank? Yes, you can deposit money in your salary account maintained with the HDFC Bank. You can use the account as a regular account for typical banking transactions.
How can I activate HDFC salary account?
Open a Salary Account in 3 easy steps
- PAN Card.
- Aadhaar Card.
- Voter ID Card.
- Driving License.
- Passport.
- An ID card issued by the Central or State Government.
- Public Sector Units (PSUs) and/or NREGA Job Card.
What is difference between saving account and salary account?
Difference between Salary Account and Savings Account : A Salary Account is opened by an organization with the purpose of crediting the salary to the employee. A Savings Account can be opened by anyone with Aadhar card to deposit money for the purpose of holding or saving it with the bank.
What type of account is salary?
Savings Account
By definition, a Salary Account is a type of Savings Account, in which the employer of the account holder deposits a fixed amount of money as ‘salary’ every month.
Which account is best for salary?
Top 5 Salary Accounts in India, 2020
- Kotak Platina Salary Account.
- SBI Corporate Salary Package.
- HDFC Bank Classic Salary Account.
- Citibank Suvidha Salary Account.
- Axis Bank Prime Salary Account.
What is the minimum balance for salary account in HDFC?
As already mentioned, the HDFC Bank Regular Salary Account is a zero balance account. In other words, there is no requirement for a minimum balance. Customers holding this salary account are eligible for the free Personal Accident Cover of Rs. 1 lakh.
Which salary account is best?
The following is the list of best 5 salary accounts available in India:
- Kotak Platina Salary Account.
- SBI Corporate Salary Package.
- HDFC Bank Classic Salary Account.
- Citibank Suvidha Salary Account.
- Axis Bank Prime Salary Account.
How much money can be deposited in salary account?
Minimum deposit amount under the Deposit Scheme is Rs. 45,000 and additionally deposits may be made in multiples of Rs. 5,000. There is no restriction on maximum amount of deposits that may be made.
Can I have 2 HDFC salary account?
At HDFC Bank, there is a Savings Account for all your needs. While there’s no limit to how many Savings Accounts you can have, there are a few things to consider before signing up for more than one. Click here to open a new Savings Account digitally.
Is salary account better than Savings Account?
In the savings account, if you fail to maintain minimum balance, then you will be charged with fee or penalty….Savings Account.
| Salary account | Savings account | |
|---|---|---|
| Purpose | Credit of salary | To encourage Savings |
| Minimum Balance | No Minimum Balance | Minimum Balance Required |