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What is a Corporate Salary Account?
Posted on Monday, August 29th, 2022 | By IndusInd Bank
Even though Shreya has a savings account, she exclusively receives her salary in a separate salary account. Her employer has a tie-up with the IndusInd Bank and finds it very convenient to pay Shreya and all other employees their monthly salary in these dedicated accounts housed by a single bank.
Still wondering what a salary account is? At its core, a salary account is like a savings account, which mainly an employer opens for an employee to deposit their salary every month. However, you can also open salary accounts in your name. All you need to do is submit employment proof from the firm you work in.
But, whether you open your salary account or an employer opens it, IndusInd Bank opens you up to a world of perks and privileges. What are these privileges? Keep reading to find out.
IndusInd Bank Salary Account Benefits
Here are the top benefits of holding a salary account with IndusInd Bank:
Easy to operate
For both employers and employees, ease of use is critical when it comes to a salary account. Employers must be able to deposit salaries online seamlessly, whereas employees should be able to withdraw or transfer the funds without any hiccups.
Both these functions are straightforward with IndusInd Bank’s sophisticated yet user-friendly net and mobile banking interfaces. What’s more, we even offer you our services in case you forget your password through fingerprint banking on your mobile app.
Omni-present customer service
Nothing feels worse than receiving your salary and not being able to access it for any reason. This is why exceptional round-the-clock customer service is our motto. So, not only can you bank with us through WhatsApp and Facebook, but you can also connect with your branch manager, relationship manager, or our video branch executive over a video call. When you choose IndusInd bank, you benefit from omnipresent banking and customer service.
Premium perks and privileges
A salary account at IndusInd Bank goes far beyond providing standardised functions, like letting you complete transactions and helping you check your account balance and current interest rates. Depending on the salary account you hold or open, we offer top-of-the-line perks and privileges.
These include tons of benefits on hospitality, dining, and entertainment venues. You also receive complimentary airport lounge access, cashbacks, free movie tickets, and a hefty discount on locker services. With the choicest perks available at your disposal, why continue with a salary account that offers nothing in return!
Doorstep services
If need be, our reps would happily provide doorstep services like picking and dropping cash or cheques. Even if you don’t have a dedicated relationship manager, you can always reach out to any rep from our customer support team and place a request for doorstep services.
No minimum balance requirement
If you have a salary account with us, you automatically become eligible for a zero balance account. This means that you don’t need to maintain a mandatory minimum sum in your salary account, and we won’t levy any penalty for the same.
The Bottom Line
Know that a salary account differs from a savings account on parameters such as purpose and minimum balance requirement. Both have their own place and are available with a multitude of benefits at IndusInd Bank.
Now that you know of the many salary account benefits at IndusInd bank, it’s time to experience them.
Visit our website to apply for one today!
Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.
