Can I transfer my SBI salary account to another branch?

One can now transfer the SBI savings account online, from one branch to another, anywhere in the country within a week, free of cost. The online transfer process can only be done if your mobile number is registered with the bank and if you have access to Net banking.

Can salary account branch be changed?

You would need to intimate your employer about your existing Bank details, so that the monthly salary credits are routed through the same account. You would also need to intimate your Bank branch for the required change in employer mapping with the Bank.

Is SBI a good option for salary account?

With salary accounts, SBI provides an unique range of services like free debit card, zero balance requirements etc., SBI Special Salary Account holders will be able to enjoy a seamless access to Mobile banking services and Net Banking features.

Can I convert my salary account to zero balance account?

The bank is a financial institution where individuals can deposit or withdraw their money. There are many types of accounts in a Bank. Salary Account is one of them. Zero Balance Requirement – Salary accounts generally do not require the account holder to maintain a minimum balance for the account to remain active.

What is the benefit of salary account?

However, there are certain common benefits that come with a Salary Account – zero minimum balance, free cheque book / passbook / e-statements, Debit Cards, NetBanking, Phone Banking, online fund transfer, Demat Account/services, loan conveniences, Credit Card offers, utility bill payments, etc.

Is it good to change salary account?

Continuing a salary account usually makes matters easy since you don’t have to close an account and open a new one. However, if you are asked to open an account with a different bank at your new workplace, you must choose between closing the previous salary account and maintaining the minimum required balance.

What is the advantage of salary account?

The main benefits of the salary account are – Zero balance account and free unlimited transactions across ATMs of any bank, free ATM-cum-debit card, an additional ATM card for the joint account holder, free Internet banking, free multicity cheques etc.

Can I use salary account for personal use?

Cannot be opened by an individual, your employer has to open a salary account for you. There is no minimum balance requirement. It can help you pay utility bills, transfer money, withdraw, and so on.

How can I change my SBI account to salary account?

Employee has to visit their home branch, with their latest salary slip along with application for conversion (Copy attached for your reference). For that purpose, we are also enclosing product codes which will help them in getting their accounts converted to Salary Package Account.

How can I change my account type in SBI?

Write an application to change your account type to respective salary account with proof of your job (e.g. Salary Slip, Service Certificate etc). This process holds true if you are working at Central Government or State Government or Psu. If you are working at Management then check with your hr department whether they have any tie up with SBI.

What are the benefits of SBI Special salary account?

With salary accounts, SBI provides an unique range of services like free debit card, zero balance requirements etc., SBI Special Salary Account holders will be able to enjoy a seamless access to Mobile banking services and Net Banking features.

How can I open a salary account with SBI?

How can one open a Salary Account with SBI? Request a call back at Salary Account and our Sales team will contact you within 5 working days. Walk into the nearest SBI Branch. 13. What are the documents required for opening a salary account?

What happens to my salary if I change my employer?

You may continue to draw your salary through Salary Package Account even in the case of change of employer. You would need to intimate your employer about your existing Bank details, so that the monthly salary credits are routed through the same account.