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 |
Required Documents
The letter from the respective organization requesting to maintain the payroll account of particular staffs should be obtained to open this account.
