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. It is opened upon the mutual understanding between the branch and the organization/ firms upon which the bank opens the salary savings account of each staff/ employees of the organization.
Features
| Minimum Balance | Zero |
| Eligibility of customer | Employee/ Staffs of the organizations |
| Interest rate | As per Published interest rate of Bank |
| KS iMobile | As per STC |
| Debit Card | As per STC |
| Locker Charge | 50% discount for first year |
| Locker Security Deposit | 25% waiver |
| Locker Surrender Charge | As per STC |
| Demat/Meroshare | As per STC |
| Interest Calculation | Interest Calculation on daily and payable quarterly |
| Eligibility | All individuals except minors can open this account |
Discount quoted for first year means first year of service taken not first year of account opening.
Required Documents
The letter from the respective organization requesting to maintain the payroll account of particular staffs should be obtained to open this account.
