Benefits of IDFC FIRST Bank Salary Account you must know

People often confuse a salary account with a savings account, but that is far from reality. A salary account is opened by a company to deposit employee salaries into their individual accounts. With a gamut of features attached, a salary account is an excellent way to manage personal finances. Out of several available, the IDFC FIRST Bank Salary Account has emerged to be a preferred partner of choice for individuals and corporates alike. 

The IDFC FIRST Bank Salary Account comes with a host of benefits that help you make the most of your earnings. Read on to know why this salary account ticks all the right boxes.

IDFC FIRST Bank Salary Account benefits
 

• Zero minimum balance
  
  The minimum balance requirement with IDFC FIRST Bank Salary Account is zero, as long as you get your salary here. In other words, you need not maintain a minimum balance. With no monthly fee, you can bank as and how you like with this account.
  
  You can continue with your IDFC FIRST Bank Salary Account even if you change jobs. You just need to inform your new employer and share your account details for your salary to be credited.
• Attractive interest rate
  
  You can earn an attractive interest rate on your IDFC FIRST Bank Salary Account which can help you grow savings. You get an interest rate of up to 7% p.a., one of the highest available in the market.
  
  So, if you save a balance in the account, it will accumulate interest, enabling you to earn a little extra on your salary.

• Zero charges for fund transfers
  
  If you need to transfer funds to your friends or relatives and are thinking about the charges, do not worry. With an IDFC FIRST Bank Salary Account, you will not have to pay any charges for transferring funds. Just log into your account and transfer funds to the beneficiary in a few clicks. 
• Unlimited ATM transactions
  
  With an IDFC FIRST Bank Salary Account, you can carry out unlimited transactions at ATMs. So, whenever you need money, you can swipe your card and get instant liquidity without worrying about paying extra fees on withdrawals beyond a certain limit. This can help you save significantly if you frequently withdraw cash each month.
• Host of debit cards to choose from
  
  With a salary account from IDFC FIRST Bank, you can choose from a range of debit cards as per your needs. You can opt for either - 
   
  • The VISA Platinum Debit Card
  • The VISA Classic Debit Card
    
  The VISA Platinum Debit Card offers free personal accident insurance coverage of up to Rs 35 lakhs, the VISA Classic Debit Card provides coverage of up to Rs 5 lakhs.
  
  The proceeds from this insurance coverage can help you and your dependents stay financially independent and have enough, in case of emergencies. If you purchase this cover separately, you need to pay premiums separately. But with your IDFC FIRST Bank Salary Account, you have everything covered under one roof.
• Exciting dining deals
  
  Make eating out with family and friends more special with exciting dining offers. With this salary account, you get a debit card that offers dining deals to help you enjoy your favourite meals and beverages at your favourite restaurants at a discount.

Also read - Difference between Saving Account and Salary Account

To sum up
 

You can open your Salary Account online in a few clicks. Simply provide your basic details including your mobile number, PAN, and Aadhaar along with professional details and click "proceed” to open the account. Get ready to enjoy exclusive benefits with your IDFC FIRST Bank Salary Account today.

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.