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If you are employed and just wait for salary credit, then wait… Your salary account is not just a medium to keep money. There are hidden benefits in this, which can completely change your financial life. In fact, banks provide many special facilities to employed people through salary account, which are not available in general savings account. Let’s learn 10 major benefits of salary account:

1. Free Insurance – Security without premium

Many banks provide free accidental death or health insurance to salary account holders. In any emergency, this insurance can provide financial assistance to your family. This is such an ‘unseen armor’, whose importance is understood in times of crisis.

2. Rebate in interest rate on loan

Those holding salary accounts can get less than normal interest rate on personal, home or vehicle loans. Low EMI means more savings every month. Many banks also offer pre-upward loans on salary base.

3. Overdraft facility – Sahara at the time of need

If there is no balance in the account, you can still withdraw money to the limit under the overdraft facility, that too without loan application. This suddenly is very useful at the time of need for money.

4. Exclusive Banking Service

Bank salary accounts offer special priority services to the holders such as priority calling, dedicated relationship manager and fast transaction processing. That is, neither long line nor slow response in banking works.

5. Free Credit Card – Abundance of offers

On salary account, the customer gets a free credit card, which does not have any joining or annual fee. Also, shopping, restaurants and travel reward points, cashback and exclusive deals are available.

6. Special discount on shopping and dining

On festivals or special occasions bank salary account holders offer deals and coupons. With this, you can save well on online and offline shopping, food and travel etc.

7. Free Fund Transfer

You can use electronic payment services like NEFT, RTGS and IMPS without any fee from salary account. That is, transfer money in one click, that too go without a branch.

8. Free checkbook and debit card

Salary account holders are provided free checkbook, debit card and renewal by the bank. Whereas they are generally charged.

9. ATM Transaction – As many times the need, as many free free

Every month salary account provides a certain number of free ATM transaction facilities, which may apply to the bank’s own and other banks. There is no additional fee for withdrawing money from repeated money.

10. Freedom of zero balance

The biggest advantage of salary account is no minimum balance. In this, you do not have the obligation to maintain thousands of rupees. You can also leave the account empty, yet there is no fine.

Salary account is not just a medium to get salary, but is a financial tool that benefits in services like insurance, loan, shopping and saving. If you have so far used it to keep it only money, then now is the time to take all its benefits.