Question: Which Bank Is Better For Salary Account?

Can bank employees see your accounts?

Unless a teller had access to your personal identification information, then they wouldn’t be able to look up your account information.

There are, however, employees in a bank who’s line of work involves your bank balances and information.

Also, banks keep very close track on who views an account..

Which job is best in bank?

Top 10 Banking Jobs in IndiaList of top Banking Jobs is as follows:SBI PO.RBI Grade-B Officer.NABARD Grade A & B Officer.RBI Assistant.NABARD Development Assistant.IBPS PO.IBPS RRB PO.More items…•

Which bank is best for salary account for TCS?

Exclusive Offers for TCS employeesUnlimited access to 12,000+ Axis Bank ATMs and 3700+ branches.Free withdrawals from any bank ATM across the country.Free Online NEFT transactions.

Does salary account have interest?

As the name says, a salary account is basically opened by your employer to credit your salary. However, the amount maintained in the account, will not be entitled for interest rate. …

What is salary of bank manager?

Bank Manager SalariesJob TitleSalarySyndicate Bank Bank Manager salaries – 2 salaries reported₹ 8,66,094/yrSBI Bank Manager salaries – 2 salaries reported₹ 72,046/moJ&K Bank Bank Manager salaries – 2 salaries reported₹ 79,476/moICICI Bank Bank Manager salaries – 1 salaries reported₹ 9,78,746/yr16 more rows

How much money can be deposited in salary account?

However, cash deposit up to Rs 25,000 per day can be deposited in non-home branch, but beyond this limit there is Rs 5 per thousand charged subject to minimum Rs 150. If you are a third-party person, then upto Rs 25,000 per day cash deposit is allowed.

Can we change our salary account?

If a salary account gets converted into a savings account, the account holder has to pay any non-maintenance charges that are applicable. You also lose benefits that are associated with a salary account such as zero-balance maintenance, no annual fee or joining fee on debit cards, and others.

Should I have 2 savings accounts?

Having multiple savings accounts is a good idea If you create a separate savings account for each different savings goal you have, you’ll reap many benefits. … Easier goal tracking: Having multiple accounts also makes it easy to track your progress on each separate financial goal you have.

What are the benefits 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.

Is it safe to keep money in salary account?

The answer is : YES. Having more than 1 account is always advisable. … If you keep all your money in Salary account, which is having a Debit card and Internet banking facility, there is very high chance of spending more money. So to keep unnecessary expenses in check, you should have more than 1 account.

Can I have 2 current accounts?

A lot of people seem to think you can only have one bank account at a time. But you can actually have multiple current accounts with various banks. Having more than one bank account should not affect your credit score, unless you try to open loads of new ones in a very short space of time.

Which type of account is salary?

By definition, a Salary Account is a type of Savings Account, in which the employer of the account holder deposits a fixed amount of money as ‘salary’ every month. Who can open a Salary Account? A business (employer) has to tie-up with a bank to open Salary Accounts for its employees.

Can I convert my salary account to zero balance account?

Can I convert my salary account to zero balance savings account? … Also, you would be unable to convert your existing account to a zero balance account. We would advise you to convert the existing salary account to general savings account, with a monthly average balance to be maintained at minimum of Rs.

How many bank accounts should a single person have?

Everyone needs at least one checking account and should consider one savings account too. Couples often maintain a joint checking and savings account for the family’s finances — mortgage payments on one hand, and the emergency fund on the other — while maintaining a separate checking account for personal expenses.

Is it worth having 2 bank accounts?

Pros of having multiple bank accounts: Not every bank account is created equal. Savings accounts maximise the interest you earn when you put away your cash, while transaction accounts offer easy and convenient access to your everyday funds.

Which bank pays highest salary in India?

10 Highest Paying Public Sector Banks in IndiaState Bank of India (SBI) Among all the PSU banks, the state Bank of India is the most important and has the largest network.United Bank of India (UBI)United Commercial Bank (UCO Bank)Bank of Baroda (BOB)Allahabad Bank.Punjab National Bank (PNB)Bank of Maharashtra.More items…

Can I convert saving account to salary account?

On the other hand, if your bank permits, you can convert your Savings Account to your Salary Account. This is possible if you change your job, and your new employer happens to have a banking relationship with the same bank for its employees’ Salary Accounts.

Can we deposit in salary account?

You can put in cash in the Salary Account anytime but be aware that if the monthly number of ‘over-the-counter transactions’ done for the account crosses the specified number, it may attract a small fee. Over-the-counter transactions include depositing cheques, cash and withdrawing cash.

Is current account and salary account same?

Primary difference between savings and current account No interest is normally paid on a current account, while you get regular and periodic interest in the case of a savings bank account. Salaried individuals should not open a current account, unless they have a business.

What is the meaning of salary?

A salary is a form of payment from an employer to an employee, which may be specified in an employment contract. It is contrasted with piece wages, where each job, hour, or other unit is paid separately, rather than on a periodic basis. … In accounting, salaries are recorded on payroll accounts.

What is the highest post in bank?

Managing DirectorManaging Director and CEO: The topmost post in public sector bank is Managing Director and CEO of the bank.