Bank Salary Accounts Comparison online - Top 7 Banks

Categories: Banking

Bank Salary Accounts Comparison online – Top 7 Banks

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Choosing the correct bank has always been a tough choice for any adult. With so many upcoming banks, innumerable facilities, countless benefits, you have no clue which bank is actually benefiting you and which one is looting you. If you go to the nearest bank and ask them for salary account benefits, I am sure they will list down minimum of 10-15 benefits for you. Meanwhile, some other bank might provide you 20-25 benefits. So here I unwind the mystery of which bank you should opt for opening a salary account.

Points to keep in mind for opening a salary account in any bank:

Safety of your money.
Next, internet banking.
Then, mobile banking.
Number of branches in your city. Of course, if you are frequent traveller you must choose a bank, which has international branches as well.
Transparency of the bank.In other words make sure your bank is not hiding any unnecessary clauses before you sign those papers.
Minimum balance requirement for opening your account and keeping it active.
Interest rate.
Fees per transaction, if any.
Customer support.
Rewards.

Furthermore, let’s walk you down to the top 7 banks in India to open your salary account with:

Top 7 banks to open your salary account in India-

HDFC Regular Salary Account

HDFC provides 7 types of salary accounts. You can choose the most suitable one catering to your requirements. Presently, employees usually opt for the regular salary account, but in addition to that, there is also premium salary accounts for corporates, defence salary account, family salary account, classic salary account, reimbursement and basic salary account. Some benefits of regular salary account are:

Zero balance account.
Accident death coverage of 5Lakh.
Domestic shopping limit of 2.75 Lakh.
Zero fuel surcharge
Official website : HDFC Regular Salary Account
Ask Queries Rating : 4/5

ICICI Regular Salary Account

One of the top emerging banks of India, ICICI bank is prominent for its customer service. Actually, the bank does not just retain its customers by providing excellent support but also attracts new ones by their interesting schemes and accounts.

No minimum balance required for opening an account as well as no annual fees.
First 5 transactions are free and a charge of INR 20 for financial transactions is levied.
Wide range of reward point system.
Special rates for credit cards and loans.
Free demand draft facility.
Finally, lost debit card liability up to INR 2 Lakh.
Official website : ICICI Regular Salary Account
Ask Queries Rating : 4/5

SBI Special Salary Account

The most famous bank amongst Indians is the SBI. This is due to the extensive network of ATMs present throughout the country. SBI has different account options like central government, corporate, state government, police, defence, railways, para military and Indian coast guard salary accounts.

Zero balance account
Easy overdraft up to 2 months salary which is repayable within a period of 6 months.
Charges of INR 112 plus 3. 93% of transaction amount for international cash withdrawal transaction.
Wide range of other value added benefits.
Large ATM network.
Official website : SBI Special Salary Account
Ask Queries Rating : 3.5/5

Axis Bank Prime Salary Account

Well known for its wide range of offers, therefore, Axis Bank has become one the favourites amongst corporates. Axis bank has easy access, prime, priority, employee reimbursement and defence salary accounts. For example, some benefits of prime salary account are:

Firstly, it is a zero balance account.
Secondly, it has 4% rate of interest on daily balances, paid quarterly.
Thirdly there is a facility of free unlimited online NEFT transactions.
Fourthly, there is personal accident cover of 5 Lakh.
Finally, you get a minimum 15%* off at partnered restaurants.
Official website : Axis Bank Prime Salary Account
Ask Queries Rating : 3.5/5

Kotak corporate salary account

Kotak Mahindra has Platina, Ace, Neo and Edge salary accounts. At this point, each of these have their own advantages. You may choose the account depending on the requirement accordingly.

Unlimited Value Demand drafts delivered to home location.
Zero fuel surcharge.
Earn up to 6% interest p.a. on your account balance for Platina account.
Shopping limit of 2 Lakh per day.
Lost card liability of 2 Lakh.
Official website : Kotak Corporate Salary Account
Ask Queries Rating : 3/5

Citibank Suvidha Salary Account

Citibank is a subsidiary of Citigroup which is listed in the Global 2000 by Forbes in May 2016. Customers have obviously always agreed on the amazing experience they had with Citibank.