10 Best Salary Accounts In India

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    All working individuals including private, public sector companies have a salary account where monthly salary will be credited by the employer.

    Usually, the corporates where you are working will have a tie-up with the bank to provide salary account to its employees. Features and other things vary with the type of salary account depending on the salary your draw.

    HDFC Salary Account

    HDFC Salary Account

    For HDFC Bank salary account, there is a free personal accidental death cover of Rs 1 lakh on salary account. In a premium salary account there is free zero balance. There is also a Salary Family Account for your family members. At a time when SBI has also started charging heavily for not maintaining minimum balance, this zero balance from HDFC Bank makes it one of the best salary accounts in the country. 

    ICICI Salary Account

    ICICI Salary Account

    ICICI Salary account holders can avail free remittance (demand drafts, cheques, pay orders) up to Rs 25,000 on ICICI Bank network.

    ICICI Bank is also registered with PFRDA to offer NPS services, corporate customers. There is a facility of zero liability protection on Debit Card lost card up to Rs 2 lakhs. Please note that the norms and charges keeping changing frequently, so check with your bank, before opening an account. 

    Citi Bank

    Citi Bank

    Individuals can avail overdraft up to 5 times of your net monthly salary credit with the Citi Bank Salary Account. One can also redeem reward points for cash. Preferential pricing on Personal Loan and Home Loan is possible, if you are eligible. However, network of branches are not comparable to some of the private banks, which makes this a bit negative.

    SBI salary account

    SBI salary account

    SBI Salary Accounts are customized as a special package for a Corporate/Institutions depending upon the business relationship with the Bank. Personal loans like home loans, auto loans, xpress Credit loans, etc., at attractive terms. Again, you need to check with individual banks before opening an account. 

    Bank of India Salary Account

    Bank of India Salary Account

    Every employee in India has a common question which is the best salary account and which is the best bank to give benefits on salary account.
    While opening the salary account, we need to think about some important things like interest rates, ATM's, security, additional benefits, rewards, etc.

    Coming to the Bank of India Salary Account, it has some good features for salary account holders like zero balance account, no transaction charges, free international debit cards, free telebanking, SMS.It provides free cheque leaves up to 100 per calendar year.
    Accident insurance is also provided up to a sum of Rs 1 lakh. Over draft facility of upto four times under salary account is also available. Apart from this free access to different bank ATM's, free utility bills payment facility through E-Pay, free gold credit cards, and much more. If you are interested or an investor in stocks, Bank of India provides you the facility for Online Trading of Shares. Bank of India is a perfect bank to open salary account with multiple benefits to the account holder.

     

    Union Bank Salary Account

    Union Bank Salary Account

    For Union bank salary Account there is no minimum balance requirement for this. There are special offers union bank is providing to employees who are having a salary account with Union bank.

    It provides Free Accidental Insurance Cover and overdraft facility. overdraft is facility is for 90 per cent of the net salary credited in the preceding month.The Union Bank Salary Account provides multiple cheque books. It has a facility to open bank accounts from the office premises as well. Free accidental insurance depends up on the the usage of the debit card. Debit cards issued for the free salary account is free of any charge. The bank also offers free net banking and user can create and reset the password.

     

    Axis Bank Salary Accout

    Axis Bank Salary Accout

    Like HDFC Bank, Axis has different salary account depending on the monthly income. For priority account, a dedicated Relationship Manager is available for all banking needs. One can enjoy preferential treatment when you walk into Axis branches or when you call the Phone Banking Centre.

    Bank of Baroda Salary Account

    Bank of Baroda Salary Account

    Bank of Baroda Salary Account gives you an overdraft facility of upto Rs 1 lakh on your account.

    Like most other banks, there is no minimum balance facility that is allowed in your account. The other benefits of the account is almost similar to what other banks offer.

    The one advantage of the Bank of Baroda Savings account is the huge branch network that the bank has.

    Central Bank of India

    Central Bank of India

    Central Bank of India, one of the Nationalized banks in India and also one of the oldest and most trusted banks in India. You can open a Salary Account in this bank. Central Bank of India offers a wide range of features which you can enjoy if you are opening an Account in Central Bank of India.

    Here are the Benefits of opening your Salary Account with Central Bank of India.

    There is no minimum Balance criteria for the salary account with Central Bank of India.

    The Account number will be a Lifetime Unique Account Number. You can convert this account number into a pension account after retirement.

    You can use your Central Bank of India salary account as a joint account with your spouse or any other family member with either or survivor facility.

    Free "WONDER CARD" will be provided which is a Debit cum Credit Card with some credit facilities depending upon your Salary Class.

    Remittance through RTGS and NEFT is for free for the salary account holders with Central Bank of India.

    For the Salary account holder, Retail Loans will be processed in Fast track method, and there will be no extra charges for this.

    There will be 10 percent rebate on the locker for the Salary account holders.

    Read more about: salary income savings
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