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.