In today's digital world, everyone has a smartphone and that phone has UPI apps for transactions, to use these apps you must have a bank account. There are many types of bank accounts, salary accounts, savings accounts, current account etc., in such a situation, if we talk about salary account, where your employer deposits your monthly salary. You can also use it for everyday transactions like bill payment, money transfer or withdrawal. But have you ever thought about the benefits of having a salary account? Let's know about the benefits of salary account-

Salary accounts are designed to provide more facilities than just a place to store your salary. Banks offer different types of salary accounts, such as Classic Salary Account, Wealth Salary Account, Basic Savings Bank Deposit Account (BSBDA-Salary) and Defence Salary Account, each of which has its own benefits. Let's take a look at some of the key benefits of having a salary account.

1. Better loan terms and lower interest rates

The biggest advantage of a salary account is that it offers better interest rates on personal loans and home loans. Banks consider salary account holders as more reliable borrowers, so they can offer you loans at lower rates or on more favourable terms.

2. Overdraft facility

Another big benefit of a salary account is the overdraft facility. This means that even if you don't have enough money in your account, you can still withdraw money up to the pre-approved limit.

3. Priority banking services

Many banks offer priority services to salary account holders. This may include faster processing of your transactions, access to dedicated customer service numbers, and even personalized assistance.

4. Special Credit Card Offers

Did you know that many banks offer special credit card benefits to salary account holders? These benefits may include a free credit card, waiver of annual fees, and additional reward points on purchases.

5. Free Digital Transactions

In many cases, salary account holders can enjoy free digital banking services such as NEFT (National Electronic Funds Transfer) and RTGS (Real-Time Gross Settlement).

6. Free Cheque Books and Debit Cards

Another benefit is the provision of free cheque books and debit cards with your salary account. This is an added convenience that can help you save on administrative costs.

7. Free ATM Transactions

Most salary accounts come with a certain number of free ATM transactions every month. You can withdraw money from ATMs without any additional charges, making it easier to access your money whenever you need it.

8. Zero Balance Facility

One of the most attractive features of a salary account is the zero balance requirement. Unlike traditional savings accounts, salary accounts do not require you to maintain a minimum balance.