Question: Which Bank Is Better For Salary Account?

Is it necessary to open salary account?

All their banking needs are being taken care by a particular bank.

Employers maintain one single bank account for making salary or other payments related to salary through this account.

Your other banking transactions can be done through your existing bank account.

Hence it is better to have new Salary account..

Is it OK to have 3 bank accounts?

Multiple Bank Accounts for Budgeting. The answer to the number of bank accounts you should have depends on your individual situation. Most people are fine with just a few bank accounts at first. As your needs change, you might find that it’s easier to budget your money with more accounts.

Can we have 2 SBI accounts?

Yes, you can have multiple SBI accounts in different or same branches and can even link both the accounts with that username. There is nothing illegal for a person to have two Bank accounts with SBI with same identity proof. Not only that, he can link his both accounts also.

Which bank is better for salary account axis or Icici?

ICICI is a better as compared to Axis bank. But if you compare the facilities provided by them then both of them are equal. 1. You can recharge your smart card with both ICICI as well as Axis back.

Which salary account is good?

ICICI Bank offers a benefit rich salary account which is packed with exciting features and benefits for employees as well as employers. ICICI Bank offers a ton of benefits to employees like instant credit of salaries, offers on bill payment, free internet banking and much more.

What is the salary of a bank employee in India?

Probationary Officer SalariesJob TitleSalaryICICI Bank Probationary Officer salaries – 3 salaries reported₹14,516/moBank of India Probationary Officer salaries – 3 salaries reported₹35,623/moSouth Indian Bank Probationary Officer salaries – 3 salaries reported₹39,791/mo17 more rows

What is salary of CFO?

$371,548 per yearThe average yearly salary of a chief financial officer (CFO) can vary based on a number of factors, but the median compensation for a CFO in the U.S. as of April 2019 was $371,548 per year, according to Salary.com.

What is the salary of bankers in India?

How much money does a person working in Banking make in India? A person working in Banking in India typically earns around 35,200 INR per month. Salaries range from 10,900 INR (lowest average) to 71,300 INR (highest average, actual maximum salary is higher).

Is it safe to keep money in salary account?

Having more than 1 account is always advisable. … Salary account should be used for all monthly expenses and second account should be used for savings. 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.

Which is the best bank to bank with?

Best Banks for opening FD AccountBankFD Interest Rate (p.a)Senior Citizen FD RateHDFC Bank7.61%7.86%SBI Bank4.50%- 6.25%5.00% – 6.75%ICICI Bank4.00% – 7.10%4.50% – 7.60%Axis Bank4.00% – 7.10%3.50% – 7.85%9 more rows•Apr 3, 2020

Which saving account is best?

Best Savings Bank Accounts You Can Consider Opening In 2019Digibank by DBS.Kotak 811 Edge.SBI Digital and Insta Savings Account. SBI Insta Savings Account.Federal Bank Fedbook Selfie Account.Axis Bank ASAP Online Savings Account.HDFC Savings Max Account.

Can I have two salary accounts?

Yes, you can. There is no rule that bars employees from having two salary accounts in two banks. You may very well be working in two different companies at the same time. And both may have banking with two different banks.

Which bank is best for middle class?

IDBI Bank I find quite good at service and reasonable. Private banks are pretty skewed and notorious for their charges. Most government bank staff has really nasty behavior. Among all the government banks I always found IDBI to be better choice.

How many bank account can a person have?

Govt Will Not Allow You To Have Multiple Bank Accounts; Every Bank Account Must Be Reported. As of now, a citizen of India can open as many bank account he or she wants. There is no rule to cap the number of bank accounts which can be possibly open in one bank or a combination of banks.

Which bank has zero balance?

Latest Interest Rate for Zero Balance Savings AccountBankName of zero-balance savings accountInterest rateHDFC BankBasic Savings Bank Deposit Account3.50% to 4%Axis BankBasic Savings Account3.50% to 4%ICICI BankBasic Savings Account3.50% to 4%State Bank of IndiaBasic Savings Bank Deposit Account3% to 3.25%5 more rows

Which bank pays the highest salary in India?

STATE BANK OF INDIA (SBI)STATE BANK OF INDIA (SBI) SBI, also holds the glory of being the highest paying public sector bank in India and because of this job at the State Bank of India truly lucrative, which is considerably more than that offered by the competitor banks.

Who is the No 1 private bank in India?

Hemant SinghS.N.Bank NameEstablishment1.HDFC Bank19942.ICICI Bank19943.Axis Bank1993 as UTI Bank4.Kotak Mahindra200311 more rows•Feb 23, 2018