The Top 5 Reasons Corporates Should Offer Salary Accounts to Their Employees
IDFC FIRST Bank
Offering a salary account to employees is a common practice among corporates.
But have you ever wondered why?
Here are 5 reasons
IDFC FIRST Bank
Simplified salary transfers
The salary accounts are linked to the company’s accounts facilitating seamless and automated salary transfers without delays.
IDFC FIRST Bank
Flexibility
Salary accounts are, usually, zero balance accounts (As long as salary gets credited) giving employees the flexibility of managing their finances per their needs.
IDFC FIRST Bank
Added returns
Employees can earn guaranteed interest income on the balance maintained in their salary accounts. This allows them to grow their savings.
IDFC FIRST Bank
Other privileges
Many salary accounts offer rewarding debit cards, lifestyle benefits, complimentary insurance coverage and more.
IDFC FIRST Bank
Employee retention
With the right salary account, employers can boost employee morale and loyalty which converts to higher retention ratio.
IDFC FIRST Bank
IDFC FIRST Bank Corporate Salary Account is a rewarding choice with up to 7.25% p.a. interest, monthly credits and a host of lifestyle offers.