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IDBI Salary account

IDBI Salary account does not only help in payroll management but also provides a host of benefits to the employers as well as employees.

Benefits to Employers:

  • No headache for cash disbursement
  • Freedom from account reconciliations
  • World class products and services
  • No calculation is required for keeping the details of employees’ turnover
  • Reimbursement account
  • Savings account with zero balance for all the employees of your organization
  • Pick up of salary cheque from a specific location each month
  • Well decorated gift card for cash bonus payment
  • Pension disbursement facilities for retired person
  • Salary disbursement through Internet banking

Benefits to Employees of an organization: 

  • No headache for clearing salary cheque
  • Instant credit to IDBI salary account
  • All the facilities of savings account are available
  • Account with zero balance
  • With IDBI Salary account, they can open reimbursement account
  • Instant opening of salary account
  • International ATM/Debit card can be used in all VISA ATMs inside and outside of India.

Facilities of International ATM/Debit card:

  • Annual charges for using debit card is Rs.110
  • Maximum withdrawal facility is Rs.25,000 everyday
  • Very few charges are required for cash withdrawal from other bank ATM
  • Easy fund transfer electronically through 91 cities
  • Easy pay orders and demand drafts access within 91 cities
  • Higher cash withdrawal and deposit facilities in any branch of IDBI
  • Competitive rate of interest on personal loans and home loans
  • Email/SMS alert for each transaction on your account
  • Quarterly statement of your account
  • Banker’s report Duplicate statement is available through ATM and phone banking.