Question: Which HDFC Salary Account Is Best?

Does salary account give interest?

Banks offer interest on both Salary as well as Savings Account.

The interest rates depend on the type of Savings/Salary Account you have.

Who can open the account.

A corporate Salary Account can be opened by an individual whose company has a salary relationship with us..

What is HDFC salary account?

HDFC Salary Account is specially designed for the employees of corporates, defense personnel and employees of other major companies to simplify banking. HDFC Salary Account will offer complete peace of mind for the employers and will provide a range of exclusive services to the employees.

What is the difference between savings 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.

Can I deposit cash in HDFC salary account?

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. The account can also be used to withdraw the money either from the bank’s branches or ATM’s or using net banking services.

What is benefit of salary account?

The main benefits of the salary account are – Zero balance account and free unlimited transactions across ATMs of any bank, free ATM-cum-debit card, an additional ATM card for the joint account holder, free Internet banking, free multicity cheques etc.

What are the benefits of HDFC salary account?

What is a Salary Account?Salary AccountSavings AccountZero-balance accountMinimum balance needs to be maintained on monthly/quarterly basisMore benefits to the account holderBenefits offered usually have a fee attachedMain purpose: monthly credit of salaryMain purpose: encouraging savings2 more rows

Can I have two salary accounts?

There is no rule that bars employees from having two salary accounts in two banks. You may very well be working in two different companies at the same time. And both may have banking with two different banks. So it is allowed.

What is HDFC minimum balance?

Rs. 10,000To maintain HDFC Bank Savings account, you require a minimum balance of Rs. 10,000 for metro Urban branches Rs. 5,000 For Semi Urban branches Rs. 2,500 for Rural branches is required to open a Savings Regular Account.

Which bank 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.

Is HDFC salary account zero balance?

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.

What is the interest rate for salary account in HDFC?

3.50%HDFC Bank Salary Account Interest RateHDFC Bank Salary AccountCurrent Rate of Interest*Below Rs. 50 Lakh3.50% p.a.Rs. 50 Lakh and above4.00 % p.a.Feb 19, 2019

Is Citibank better than HDFC?

1 for investment HDFC bank is best you can invest in their stock and can earn good return. 2 for banking also HDFC is good, it gave best services for your banking Citi bank is also good for banking but I think minimum maintainance and charges could more compare to HDFC.

What happens if minimum balance is not maintained in HDFC?

Rural Branches HDFC Bank charges a fee to the tune of Rs 150-600 (excluding taxes) for insufficient balance in regular savings accounts held in its metro, urban and semi-urban branches.

How can I convert my savings account to salary account?

You would need to intimate your employer about your existing Bank details, so that the monthly salary credits are routed through the same account. You would also need to intimate your Bank branch for the required change in employer mapping with the Bank.

How can I convert my HDFC account to salary account?

Download HDFC Bank Mobile Banking App through play store and do not log in to the App.Just click on “. . . More” and then select “Salary Account Services”Click on “Update Employer Details” and.After entering all the details click on Generate OTP. … In order to convert your Savings account into a Salary accou.