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What happens to salary account after resignation?

Posted on January 11, 2020 by Author

Table of Contents

  • 1 What happens to salary account after resignation?
  • 2 How can I close my HDFC salary account?
  • 3 Which bank is best for salary account?
  • 4 Is HDFC good for salary account?
  • 5 What is the minimum balance required for salary account in HDFC Bank?
  • 6 What is the cash deposit limit of HDFC Bank?
  • 7 How can I get zero balance facility in HDFC Bank?

What happens to salary account after resignation?

However, as the higher benefits are offered on the basis of the salary account, banks convert salary accounts into regular savings accounts when the employees quit their jobs. On conversion, the charges schedule and average monthly balance requirement of regular savings account comes into effect.

How can I close my HDFC salary account?

In Order to close your HDFC bank Account, you have to visit your nearest branch where you can ask for the account closure form. After obtaining the form fill all of the requirements and submit the form to the bank executive along with Debit Card, Passbook, and CheckBook.

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How long does it take to activate HDFC salary account?

It takes between two to five working days for an account to be opened, depending on the type of account.

Which bank is best for salary account?

The following is the list of the best bank to open salary account in India:

  • HDFC Regular Salary Account.
  • Axis Bank Prime Salary Account.
  • SBI Corporate Salary Package.
  • Kotak Platina Salary Account.
  • Citibank Suvidha Salary Account.

Is HDFC good for salary account?

HDFC Bank Salary Accounts come with a number of benefits that make it one of the most preferred banks to do business with. It not only provides all common benefits, but also ensures enhanced banking experience for all Salary Account holders.

Is HDFC salary account zero balance?

As already mentioned, the HDFC Bank Regular Salary Account is a zero balance account. In other words, there is no requirement for a minimum balance. Customers holding this salary account are eligible for the free Personal Accident Cover of Rs. 1 lakh.

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What is the minimum balance required for salary account in HDFC Bank?

HDFC Bank customers are required to maintain an average quarterly balance of Rs. 2,500 to avoid penalty charges. This should help. Salary accounts can have zero balance, that is, there is no stipulated minimum balance which the account holder needs to maintain.

What is the cash deposit limit of HDFC Bank?

Now HDFC bank have a new account name mini savings account. In mini savings account you can do deposits n withdrawal many times in a month. But maximum cash deposit limit is 5,00,000/- if your transaction not going more than 5 lac than you can convert it to mini savings account.

How can I convert my HDFC salary account to zero account?

A no-frills account or a “basic” savings account (what you are referring to a zero account) is a special type of account. Therefore conversion (i.e. maintaining same account number, etc.) of your existing salary account to such an account may not be possible at all. Nonetheless the only way to know for sure is to visit your HDFC home branch.

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How can I get zero balance facility in HDFC Bank?

Just update your HDFC Bank Ac no to ur employer and then convey the same to ur HDFC Branch with a letter. So that ur 10K minimum balance ac will be converted to salary ac and u can enjoy zero balance facility. Salary is a regular flow of money into your bank account.

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