Salary saving account is an interest-bearing saving account that is especially targeted for the employees /staffs of different organizations to manage their payroll account and also encourage the habit of This account intends to facilitate the organization with effective Salary Management scheme. It is opened upon the mutual agreement between the branch and the organization/ firms upon which the bank opens the salary savings account of each staff/ employees of the organization.
Features
Product Name | Salary Savings Account |
Account Type | 14 |
Primary Target Market | Employees/staffs of different organizations
for managing their payroll account |
Minimum Balance | ZERO |
Eligibility of customer | Employee/ Staffs of the organization |
Interest rate | As per Published rate by the Bank from time
to time |
Ksi Mobile
| As per STC |
Debit Card | As per STC |
Locker Charge | 50%
discount for first year and 25% thereafter (Existing: As per STC) |
Locker Security Deposit | 25% waiver (Existing: As per STC) |
Demat | As per STC |
MeroShare | As per STC |
Interest Calculation | Interest Calculation on daily and payable
quarterly |
Required Documents
Other Features:
- Additional benefits can be given to the staffs upon the agreement of customers and the Bank.
- Bulk account Opening upon the provision of name list of the staffs of the organization and the account shall be activated upon the submission of the necessary documents by the respective staff.
- Individual KYC and required document for account opening form will update accordingly.
Additional Document: Proof from the respective
organization like valid ID or letter of confirmation of employment should be
obtained to open this account.
