Salary account 10 lesser-known benefits features offered by bank secret tips
Salary Account Benefits: A salary account is just like a regular bank account in which your employer deposits your salary every month. Salary account holders can do all the transactions from this account. But are you aware of the benefits offered by a salary account? Do you know about the amazing offers and benefits available on it?
Benefits of a salary account
Let us tell you that there several lesser-known benefits of a salary account. However, very few people are aware of these benefits as hardly any bank tells account holders about these benefits. Banks also provide services of Classic Salary Accounts, Wealth Salary Accounts, Basic Savings Bank Deposit Accounts and Defense Salary Accounts.
Insurance coverage
Some salary accounts also come with accidental death coverage or health insurance coverage. This insurance coverage provides additional security.
Loan at an attractive interest rate
Customers with salary accounts can get better interest rates on personal loans and home loans. The bank can offer you a loan at a lower interest rate.
Overdraft facility
An overdraft facility is available in the salary account. This allows you to withdraw money in case of emergency even if there is no balance in your account.
Priority Services
Many banks provide Priority Services to Salary Account holders. In this, you can have dedicated personal bankers and other such benefits.
Credit Card Offers
Many banks provide free credit cards and great offers to salary account holders. This includes discounts on annual fees and reward points.
Online shopping and dining deals
Banks offer many online shopping and dining deals to salary account holders. This includes discounts and cashback.
Free Digital Services
Many times, digital services like NEFT and RTGS are free in the salary account, which makes the transfer of money easy and economical.
Free chequebook
Banks often provide free chequebook and debit card services on salary accounts.
Free ATM Transaction
Banks usually provide several free ATM transactions every month in the salary account.
Zero Balance
Most Salary Accounts offer the benefit of Zero Balance, meaning you do not have to worry about maintaining a minimum balance in your account.