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10 Best Salary Accounts in India

Where to open salary accounts in India? Which is best salary account? This is very common question bugging many individuals. So, today we will try to get an answer to this question.

Most of the corporate where you are working will have tie up with specific banks for salary account. However, many private organizations allow you to select a bank for your salary account. So, if given a chance to open a salary account on your own which features you consider and why? Well, here are some important features that will help you for the selection of salary account in India.

Also Read – 10 Best Bank for opening saving bank accounts in India

How to select Best Salary Accounts in India?

  • Interest rate – You should also look for interest rate offered by the bank on the salary account. Some bank such as Kotak, RBL etc offers exceptionally high-interest rates on salary account.
  • ATM – ATM withdrawal charges and Free access to other banks ATM all over India. You can also look at network size of branch and ATM of a respective bank while opening salary account.
  • Customer Support – Please evaluate bank on customer support services provided.
  • Security – In today’s world hacking attempt and fraud is quite common. You should also evaluate bank from the perspective of security and advance IT systems.
  • Additional Facilities – You can also evaluate bank on the additional facilities such as credit card, special rate personal, home, auto loan etc.
  • Rewards – Few bank offers additional reward points and accidental insurance benefits evaluate salary account on this front.

Also Read – 10 Online Career You can Start Today without Money

10 Best Salary Accounts in India

Based on features discussed above 10 Best Salary Accounts in India are given below.

HDFC Regular Salary Account

HDFC provide four types of salary accounts. HDFC regular salary account, HDFC premium salary account, Salary family account and classic salary account.

Features of HDFC Regular Salary Account

  • Free access to other bank ATMs in India
  • Free add-on International Debit Card only for the first year
  • Free Personal Accidental Death Cover of Rs.1 lakh
  • Free Demand Draft for all HDFC branch locations.
  • Preferential pricing on loan products.

ICICI Salary Account

ICICI bank offers various types of salary account such as Regular salary account, Salary privilege account, Defense salary account, Salary Titanium account, Salary Gold Account etc.

Features of ICICI Regular Salary Account

  • No minimum monthly average balance requirement
  • No annual fees
  • Reward points on transactions
  • Free demand draft facility
  • Special interest rates on home, auto, personal loan.

Kotak Salary Account

Kotak bank offers various types of salary account such as Platina Salary account, Ace salary account, and EDGE.

Features of Kotak Platina Salary Account

  • 6% Interest rate per annum.
  • Auto Sweep facility
  • Up to 3 NMC waived family saving account
  • 25% discount on locker rent
  • Unlimited VISA ATM Transaction at all ATM in India
  • Lost car liability insurance

Citibank Suvidha Salary Account

Features of Citibank Suvidha Salary Account

  • Auto overdraft facility up to 5 times the net monthly salary
  • No cost for NEFT, RTGS and IMPS
  • Financial planning service
  • 20% saving on payment to over 2000 restaurants in India
  • Redeem reward points for cash credit. 5 reward points for every Rs 100 spent on daily retail
  • Insurance product

SBI Special Salary Account

Features of SBI special salary account

  • Zero balance account
  • Large ATM network
  • Facility of Auto Sweep
  • Free personal accident cover
  • Overdraft up to 2 months of salary

Yes Bank Smart Salary Advantage Account

Features of Yes Bank Smart Salary Advantage Account

  • High Interest rate 6% per annum.
  • NIL minimum balance requirement
  • Free Demat Account with 50% waiver on AMC for lifetime
  • Free personal accident cover

Axis Bank Prime Salary Account

Features of Axis bank prime salary account

  • Nil Monthly balance requirement
  • Debit card rewards and cashback benefits
  • Free unlimited online NEFT transactions
  • Personal accident insurance up to 5 lac.

Bank of India Salary Plus Account

Features of Bank of India Salary Plus Account

  • Zero Balance Account
  • Free Accident death cover up to 5 Lac
  • Free gold credit card
  • Overdraft facility 4 Times of net salary

Union Super Salary Account

Features of Union Super Salary Account

  • No minimum balance requirement
  • Free Debit card
  • Free Accidental Insurance Cover
  • Overdraft facility 90% of the net salary credited in previous month

Baroda Salary Advantage Saving account

Features of Baroda Salary Advantage Saving Account

  • No minimum balance requirement
  • Overdraft facility up to 1 Lac
  • Free cheque book facility

salary accounts india

Over to you –

Each bank has different offers based on the type of customer. You should compare the offers provided by different banks before opening salary account with the bank.

Do share your experience about Salary Account in the comment section.

Shitanshu Kapadia
Shitanshu Kapadia
Hi, I am Shitanshu founder of moneyexcel.com. I am engaged in blogging & Digital Marketing for 10 years. The purpose of this blog is to share my experience, knowledge and help people in managing money. Please note that the views expressed on this Blog are clarifications meant for reference and guidance of the readers to explore further on the topics. These should not be construed as investment , tax, financial advice or legal opinion. Please consult a qualified financial planner and do your own due diligence before making any investment decision.