Those who do jobs have to open a salary account to get a salary so that the salary of the employees reaches their upaccount directly. The salary account is open only for salaried employees.
A salary account is like a regular bank account, in which your employer puts your salary every month. You also raise salaries and make transactions. However, it has many benefits. However, the bank does not tell you about these benefits while opening the account.
In such a situation, if you also have a salary account and you are not aware of its benefits, then today we are going to tell you about them, so let’s now tell you the benefits of a salary account.
Health Insurance Cover
Some banks offer accidental death cover or health insurance cover to their customers along with a salary account. This insurance coverage gives you additional security. Therefore, when opening a salary account, be sure to get information about it from the bank.
Loan at low interest
Apart from this, the bank gives better interest rates on personal loans and home loans to customers with salary accounts. If you have a salary account, you can get a loan from the bank at low interest. Not only this, there is also an overdraft facility, so that you can withdraw money even if you do not have money in the account in an emergency.
Deals & Offers
Many banks offer free credit cards as well as some great offers to salary account holders. This includes annual fee waivers and reward points. Apart from this, banks also offer fast service, special customer care numbers, and special offers to those with salary accounts.
Apart from this, banks also offer many online shopping and dining deals. This includes offers like discounts and cashback. Many times salary account holders get services like NEFT and RTGS for free, due to which you can easily transact online for free.
In the salary account, banks usually offer several free ATM transactions every month, so that you can withdraw cash from ATMs without paying extra charges. Apart from this, there is no worry of a zero balance in the salary account.
