Hidden Perks Of Salary Accounts, Banks Won’t Tell You These Benefits!

A Salary Account operates much like a regular bank account, where your employer credits your salary every month. You withdraw money, make transactions, and manage expenses. However, do you know the exclusive benefits that come with a salary account? Many banks don’t disclose these advantages when you open one. From classic salary accounts to wealth salary accounts, basic savings bank deposit accounts-salary, and defense salary accounts, banks offer various types, yet most people are unaware of the perks.

Accidental Death and Health Insurance Coverage

Several salary accounts come with an accidental death cover or health insurance as an added security feature, offering financial protection to account holders and their families.

Lower Interest Rates on Loans

Banks provide preferential interest rates on personal loans and home loans to salary account holders. This can save a significant amount over the loan tenure.

Overdraft Facility

One of the most useful benefits is the overdraft facility, which allows you to withdraw money even when your account balance is zero, making it a lifesaver in emergencies.

Priority Banking Services

Many banks offer priority services to salary account holders, including faster processing, dedicated customer service, and exclusive banking offers.

Free Credit Cards & Rewards

Banks often provide complimentary credit cards with salary accounts, waiving annual fees and offering reward points, cashback, and exclusive discounts.

Online Shopping & Dining Deals

Salary account holders get access to special discounts on online shopping and dining, including cashback offers, making lifestyle expenses more affordable.

Free Digital Transactions

Unlike regular accounts, many banks waive NEFT, RTGS, and IMPS charges for salary account holders, ensuring hassle-free and cost-effective fund transfers.

Free Cheque Books & Debit Cards

Salary account holders often get free cheque books and debit cards, helping them save on these small yet recurring banking expenses.

Free ATM Transactions

Many banks allow multiple free ATM withdrawals every month, ensuring that you can access cash without worrying about additional charges.

Zero Balance Facility

Most salary accounts come with a zero balance feature, meaning there’s no need to maintain a minimum balance—an advantage that regular savings accounts lack.

Why These Benefits Matter

If you have a salary account, you might be unknowingly missing out on these perks. It’s always advisable to check with your bank and make the most of these advantages. Salary accounts aren’t just for receiving paychecks—they come with hidden financial benefits that can help you save money and manage finances efficiently.