Table of Contents
- 1 Can money be transferred in salary account?
- 2 What happens if salary is not credited in salary account?
- 3 What if salary is not credited in salary account?
- 4 How do I block my Standard Chartered account?
- 5 What is the minimum penalty for Standard Chartered bank balance?
- 6 Can I convert my salary account to a regular savings account?
- 7 What are the benefits of switching from salary account to savings account?
Can money be transferred in salary account?
Along with the monthly salary credited in the account, the individuals can use the account to deposit cash or cheque in it, withdraw funds, or transfer funds to and from the account.
How do I close my SCB salary account?
In order to close your bank account, the first step is to fill up an Account Closure Form. You can download it from bank’s website or alternatively, you can visit your home branch, get the account closure form and fill it up properly.
What happens if salary is not credited in salary account?
If your salary is not credited in the Salary Account for three successive months, then your account is converted from a Regular Salary Account to a Regular Savings Account. Therefore, it is obvious that all the facilities and benefits associated with the Salary Account are replaced by that of a Regular Savings Account.
How is Standard Chartered Bank for salary account?
I am using Standard Chartered Bank salary account for 1.5 years . This account is used much frequently and also using net banking service as well as mobile banking service and credit card bill payment and money transfer . customer service is also good and banking service was comfortable . 0.5 4.5/5 “Excellent!”
What if salary is not credited in salary account?
If the salary has not been credited to your Salary Account for a certain period of time (usually three months) then the bank will convert your Salary Account into a regular Savings Account with a minimum balance requirement.
How do I change my salary account from one bank to another?
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.
How do I block my Standard Chartered account?
How to Block Standard Chartered Credit Card
- Log in to your net banking account with your credentials.
- Select the option of ‘Help & Services’.
- Go to the section of ‘Card Management’ and then select ‘Report Lost/Stolen Card’.
- Once done, you will need to follow the instructions on the screen.
How good is Standard Chartered Bank for salary account?
Standard Chartered Bank has a very good app and i am using this account more than 9 years. This is a salary comes savings account so need to maintain minimum balance and the customer service is very very good. I am continuously getting offer messages from bank. 0.5 4.0/5 “Great!”
What is the minimum penalty for Standard Chartered bank balance?
₹ 0 for statement outstanding balance less than or equal to ₹ 100. ₹ 100 for statement outstanding balance between ₹ 101 and ₹ 500. ₹ 500 for statement outstanding balance between ₹ 501 and ₹ 5,000.
What is the difference between salary account and normal account?
One can also transfer your savings account to salary account if your employer account is with same bank, provided if your bank permits….Savings Account.
| Salary account | Savings account | |
|---|---|---|
| Who can Open | Employer | Anyone |
| Purpose | Credit of salary | To encourage Savings |
| Minimum Balance | No Minimum Balance | Minimum Balance Required |
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.
What are the benefits of having a salary account in Standard Chartered?
This is because of the many benefuts thats comes with a salary account in Standard Chartered. Such benefits includes Personal Loans, Overdrafts, Salary Advance, Credit Cards, Debit Cards, No atm withdrawal charges, no monthly account maintenance fee and so many other freebies.
What are the benefits of switching from salary account to savings account?
Freedom From Debit Card Charges – Debit cards offered with salary accounts usually come with a waiver of annual charges or issuance charges. Following a job switch, a salary account automatically gets converted to a Savings account, if salary is not credited to the account for a period of 3 months.
What happens if no salary is credited to my bank account?
If no salary is credited to the account for a period of three months, the account will become an ordinary one and is liable for so many rules. If you have got another account in India, you can authorise them to close the account by means of transferring the balance to your other accou t. Normally banks will oblige.