WebNov 23, 2024 · Opening a salary account is usually free as it is a zero balance account. Also, it does not have any specific penalties. However, a current account requires lengthy paperwork and a fee to open the account. It also charges if you avail of any extra services. Interest Rate. The salary account provides interest on the deposits. WebA. The maximum balance that you can have in your salary account is Rs. 2 lakh. Q. What should I do if my salary account exceeds the maximum balance limit? A. IPPB has partnered with DoP for the opening of POSA which will be linked to your IPPB salary account. If your salary account exceeds the maximum balance limit, the amount …
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WebApr 24, 2024 · In the UK, you used to get negligible (if any) interest on a current (checking) account, but could get modest interest from a savings account, so transferring the bulk of your salary to a savings account and paying from there (or transferring back to the current account when needed) could make some sense (but even then was probably not worth ... WebFeb 7, 2024 · A salary account is opened and credited with your salary. Typically, large corporations and industries ask banks to create these accounts. The bank withdraws the appropriate funds from the account and transfers them to the employers as required when it is time for the company to pay its employees. WebSalary Accounts We have a wide range of accounts to fit everyone, regardless of situation or lifestyle. So whether you want a basic account or one bursting with options, you will find the right account that meets your expectations. ... Earn interest at 1.15%; A MasterCard or Visa debit card for cash withdrawals and payments for good and ... rowthorne residential home