Quick Answer: How Can I Convert My HDFC Account To Salary Account?

What are the benefits of HDFC 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..

What happens if you dont close salary account?

One main criteria of salary account is regular credit of salary. If salary credit stops and there is salary credit for three months and account holder does not close the account, such account gets converted to normal saving account with requirement of minimum monthly average balance as per location.

Which bank account is best for salary account?

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?

Why should you open a Salary Account with HDFC Bank? 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.

Is HDFC zero balance account available?

A zero balance basic savings account can be opened with HDFC Bank which will have certain transactional and operational limits. … HDFC Bank zero balance savings bank account holder is entitled to receive a free passbook, free cash and cheque deposits at all branches and ATMs.

What is the difference between salary account and normal account?

While a Salary Account is usually opened with the purpose of an employer crediting the salary to the employee, a Savings Account is opened to deposit money for the purpose of holding or saving it with the bank. Both Savings and Salary Accounts can be opened as an Insta Account.

Can we deposit amount in salary account?

Yes,deposits can be made in salary account. The bank won’t deny it, if your account is credited with some amount other than your monthly salary. If need arises,you should be able to justify the source of income/deposits i.e. whether you have earned it from somewhere or the money has been gifted by someone.

How can I check my salary account?

Salary accounts are almost always savings bank account. You can check this by looking at your pass book or approaching the branch where you opened the account.

Can I convert my SBI saving account to salary account?

Can it be converted to Salary account? Yes. Existing saving account with SBI can also be converted to CSP account. … Four variants, namely Silver, Gold, Diamond and Platinum are available, depending on the level of the employee’s gross monthly salary or Rank/ Designation of the employee.

What is the minimum balance in HDFC Bank salary account?

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.

How do I create a salary account?

Open a Salary Account in 3 easy stepsPAN 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.

Is salary account savings account?

Salary Account. As the name says, a salary account is basically opened by your employer to credit your salary. … However, one should keep in mind, if the salary does not credit for consecutive three months than the account is considered as savings account and minimum balance maintenance is required.

Can I deposit cash in salary account of HDFC?

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.

How can I convert my saving account to salary account?

You just need to bring a letter from your Salary Disbursing Authority stating that this personnel having personnel number so and so is getting his salary to this account number maintained at your branch of bank. Submit this letter to your home branch and your Savings Bank Account will get converted to a Salary Account.