About the account
Presenting the Preferred Salary Account, specially designed for corporate employees. This account not only waives the average balance requirement but also brings a multitude of additional advantages, setting a new standard in corporate banking.
Features
No Average Monthly Balance requirement and No Maintenance Charges
Attractive Interest Rates on Savings
Why Choose Preferred Salary Account?
Designed for Employees: Tailored to meet the needs of corporate employees.
Financial Security: Enhanced benefits like insurance coverage for peace of mind.
Health Benefits: Prioritizing your health with complimentary telehealth services.
Rewarding Experience: Make every transaction count with reward points.
Our Interest Rates
w.e.f. 1st July, 2024
Daily Closing Balance
Rate Slab
Up to ₹ 1 lakh
3.50%
Above ₹ 1 lakh and upto ₹ 7 lakhs
5.00%
Above ₹ 7 lakhs and upto ₹ 25 Crs
7.00%
Above ₹ 25 Crs
7.80%
Interest will be calculated on the daily closing balance of the account.
Interest will be paid on quarterly basis by direct credit in the savings account.
Slabs rates are applicable on the incremental amount based on the closing balance.
Please read all terms and conditions.
Charges
Schedule of Charges for Savings Accounts
w.e.f 1st November 2024
Schedule of Charges for Savings Accountsw.e.f 1st November 2024
Average Monthly Balance (AMB)
Grouping with Family Accounts
Collections
Payments
Cash Charges
Other Charges
Certificate and Report Issuance
Doorstep Banking*
Average Monthly Balance (AMB)
Average Monthly Balance (AMB)
NIL
AMB Non-Maintenance Charges
NO CHARGES APPLICABLE
*Terms and Conditions Apply, Complimentary Insurance, Telehealth consultation can be availed on registration through Internet Banking / Mobile Banking. Taxes as applicable will be additional.
PAP: Payable At Par
NA: Not Applicable
SA: Savings Account
CA: Current Account
Cash withdrawal failed due to insufficient funds considered as financial transaction
All Debits, Credits above ₹ 5,000 only (for alert of credit below ₹ 5,000 raise request with branch or customer care)
ELITE Debit Card is issued to ELITE customers only, Rs.499 charges applicable if customer no longer holds ELITE program status (contact customer care/branch for replacement debit card to avoid charges)
Blogs
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