Salary Account is just like a regular bank account, in which your employer deposits your salary every month. You also receive your salary and make transactions. But, have you ever wondered how useful your salary account is? Do you know the amazing offers and benefits available on it? If not, then there is nothing to be surprised about. Because hardly any bank tells about these benefits while opening a salary account. Banks also provide services of Classic Salary Account, Wealth Salary Account, Basic Savings Bank Deposit Account-Salary, and Defense Salary Account. But not many people know about them.

Insurance coverage
Some Salary Accounts also come with accidental death cover or health insurance cover. This insurance coverage provides additional security.

A loan at a better interest rate

Customers with a Salary Account get a better interest rate on personal loans and home loans. The bank can offer you a loan at a low interest rate.

Overdraft facility
An overdraft facility is available in Salary Account, which allows you to withdraw money in an emergency even if there is no money in your account.

Priority service
Many banks provide Priority Services to Salary Account holders, in which you get fast service, a special customer care number, and special offers.

Credit card offers
Many banks provide free credit cards and great offers to Salary Account holders. This includes discounts on annual fees and reward points.

Online shopping and dining offers
Banks offer many online shopping and dining deals to Salary Account holders. This includes discounts and cashback.

Free service on digital banking
Many times, digital services like NEFT, RTGS are free in the Salary Account, which makes money transfer easy and economical.

Free checkbook and debit card
Banks often provide free checkbook and debit card services on the Salary Account. These small expenses can become a reason for saving for you.

Free ATM transactions
Banks usually offer several free ATM transactions every month in the Salary Account, so that you can withdraw cash without any extra charge when you need money.

Benefits of Zero Balance

Most Salary Accounts offer the benefit of Zero Balance, meaning you do not have to worry about maintaining a minimum balance in your account. This facility is not available in the Saving Account.

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