Quick Answer: Which Bank Is Best For Salary Account For TCS?

What happens to salary account after resignation?

Here’s what happens to your salary account after you leave your job: …

These zero balance salary accounts are offered with a critical condition of salary credit by your employer or else the account is converted to a normal savings bank account if the salary is not credited for consecutive three months..

Which HDFC salary account is best?

HDFC Bank offers several types of Salary Accounts suited for different sectors and needs.Premium Salary Account: For select corporates as priority service. … Regular Salary Account: Debit card hero! … Defense Salary Account: Especially made for defense personnel. … Classic Salary Account: Comes with better security features.More items…

Which salary account is best for TCS?

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.

Is HDFC good for salary account?

HDFC 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.

Can I convert saving 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 it safe to keep money in salary account?

The answer is : YES. Having more than 1 account is always advisable. … If you keep all your money in Salary account, which is having a Debit card and Internet banking facility, there is very high chance of spending more money. So to keep unnecessary expenses in check, you should have more than 1 account.

Can I transfer money in my salary account?

You can put in cash in the Salary Account anytime but be aware that if the monthly number of ‘over-the-counter transactions’ done for the account crosses the specified number, it may attract a small fee. Over-the-counter transactions include depositing cheques, cash and withdrawing cash.

How much cash can be deposited in salary account?

For current accounts, the threshold limit for cash deposits between 9 November and 30 December will be Rs 12.5 lakh. Meanwhile, salaried employees, housewives and even low-income workers are being approached by agents with offers of commissions if they deposit cash in their bank accounts.

What is the benefit of salary account?

However, there are certain common benefits that come with a Salary Account – zero minimum balance, free cheque book / passbook / e-statements, Debit Cards, NetBanking, Phone Banking, online fund transfer, Demat Account/services, loan conveniences, Credit Card offers, utility bill payments, etc.

Is Axis Bank good for salary account?

The accounts differ in various ways like the daily withdrawal limit, shopping limit, kind of debit card and so on. The special employee delights and added benefits are what makes Axis Bank Salary Accounts the best in class.

Which bank is best for salary account for Wipro?

Exclusive Offers for Wipro Group employeesUnlimited access to 12,000+ Axis Bank ATMs and 3700+ branches.Free withdrawals from any bank ATM across the country.Free Online NEFT transactions.

Does salary account have interest?

As the name says, a salary account is basically opened by your employer to credit your salary. However, the amount maintained in the account, will not be entitled for interest rate. …

Is salary account is a real account?

Salary account is an expense account and is a nominal account.

Can we have 2 salary accounts?

However, if you are asked to open an account with a different bank at your new workplace, you must choose between closing the previous salary account and maintaining the minimum required balance. Weigh your needs for multiple accounts and act accordingly.

Which is better SBI or HDFC?

Lowest Interest rate of SBI Personal Loan is 9.60%, which is lower than the lowest interest rate of HDFC Bank at 10.50%. … HDFC Bank offers Personal Loan upto an amount of ₹ 75 Lakh while SBI offer Personal Loan upto an amount of ₹ 15 Lakh. HDFC Bank can be a better option if you are looking for a high value amount.

Which type of account is salary?

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. It is an expense account and is a nominal account.

Is HDFC better or Axis Bank?

Both Axis Bank and HDFC Limited follow the same formula when it comes to ascertaining the loan amount. But, in terms of interest rates, HDFC is a better option as its highest rate is 8%. Whereas, Axis Bank Home Loan Interest rates are can go upto 8.55%.

What is the salary of Axis Bank?

The average Axis Bank monthly salary ranges from approximately ₹ 11,200 per month for Security Guard to ₹ 29,899 per month for Accountant/Cashier. The average Axis Bank salary ranges from approximately ₹ 1,42,302 per year for Accountant to ₹ 14,00,000 per year for Production Coordinator.