How do I change my savings account to 811?

How do I change my savings account to 811?

In order to upgrade to a regular Kotak 811 account, you will need to verify your details. You can either book an appointment through Mobile Banking App or Call our customer care on 1860 266 0811* and schedule your appointment. One of our executives will visit you to complete the in-person KYC verification.

How do I convert salary account to current account?

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 zero balance account and salary account same?

As the name says, a salary account is basically opened by your employer to credit your salary. The speciality of this account is that there is no need to maintain minimum balance account hence it can also be called as zero balance account. This account is particularly designed for salaried class.

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.

Can I deposit extra money in my salary account?

Bank employees are the only individuals who cannot deposit cash in their respective Salary Accounts. The purpose behind this is preserving transparency in the bank’s business. However, they can open a separate Savings Account in their own bank or a different bank for depositing cash.

How can I change my SBI account from zero balance?

A simple one-page application form has to be filled in by the SBI savings account customer to get the account converted to BSBD account and submitted to the home branch where he or she is maintaining the account.

Can I transfer to salary account?

Does salary account have minimum balance?

How can I get a zero balance salary account?

As forconversion into a regular savings account which has a stipulated AMB (Avg Monthly Balance), the bank will do it on their own when they notice that you are no longer receiving salary credits every month into the account Now most of the banks offer zero balance salary account.

Which Bank converts salary account to savings account with 0 balance?

Kotak Mahindra Bank — convert my salary account to savings account with 0 balance. Kotak Mahindra Bank — convert my salary account to savings account with 0 balance. A/c no. [protected].

Can I convert my salary account to a regular savings account?

Savings accounts usually require the holder to maintain a certain amount as minimum account balance. Your converted savings account may not be an exception. So, whenever you are converting a salary account with one bank to a regular savings account, do check beforehand the minimum balance which you will be required to maintain for that account.

Does HDFC Bank have a zero balance savings account for individuals?

However, HDFC Bank does not have zero balance saving account for individuals. HDFC bank does have zero balance savings account but it is meant for institutes. In case you want to convert salary account to normal savings account as salary will no longer be credited in that account, it will auto

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