IDFC FIRST Bank
Though surprising, you can build your score by using your salary account correctly. Know how.
If you get regular salary credits, your financial stability is established. Lenders have a favourable view and consider you creditworthy.
Though salary accounts are zero balance accounts, if you maintain a healthy balance, it paints a credible financial picture for lenders.
With sufficient balance in the account to meet all the bills, avoiding overdrafts and cheque bounce, you can build a healthy score.
For users with no banking history, a salary account can be the first step towards a credit profile and building a credit history.
If you maintain a longstanding relationship with your bank, you can get credit reference letters where your creditworthiness is vouched for.